Timepiece Insurance
Protecting your timepieces with the right insurance ensures peace of mind, whether you’re wearing them daily or keeping them safe as a prized investment.
Timepieces are not just watches. They are investments, heirlooms, and symbols of craftsmanship that reflect the artistry and engineering excellence of their makers. Whether you own a classic Rolex Daytona, a modern Patek Philippe, Omega Seamaster Co-Axial, or a rare vintage timepiece that tells a story of its own, protecting these valuable assets with specialized insurance is essential for safeguarding their worth.
It’s crucial to assess the true value of your watch accurately, as market fluctuations can significantly impact prices, and professional appraisals can help in this regard. Having comprehensive coverage allows you to enjoy your collection with peace of mind, knowing that you have taken the necessary steps to protect your investment and its irreplaceable craftsmanship.
Your Collection Is More Than Watches & PCI Understands That Like Nobody Else
With decades of experience and a shared passion for collecting, our team knows the thrill of the hunt, the joy of discovery, and the satisfaction of completing a set. We’ve helped countless collectors safeguard their lifelong treasures, ensuring their stories are preserved for the future. We also work with insurance brokerages to help their brokers protect their VIP clients’ most valued treasures.
Insurance for Watches & Timepieces
PCI’s specialized timepiece and watch insurance ensures a high-value timepiece collection is safe from the unexpected, offering comprehensive coverage tailored to their unique needs and luxury circumstances. This specialized insurance not only covers losses due to theft, damage, or loss but also provides peace of mind, allowing a timepiece collector to enjoy their luxury accessories without the constant worry of potential risks. By investing in timepiece insurance, a collector can safeguard not just the objects but the memories and experiences attached to them, preserving both their investment and legacy for future generations to appreciate.
Collectors Should Never Rely On Their Homeowners Policy
Relying on a standard homeowner’s policy to protect timepieces can leave collectors exposed to significant gaps in coverage. Homeowners policies often cap limits far below the value of even a single piece and may exclude crucial risks such as accidental damage, theft, mysterious disappearance, or loss.
High home insurance deductibles further reduce claim value, while standard valuation methods typically cover only depreciated amounts instead of true market or appraised worth.
In addition, homeowner’s policies rarely extend global protection for art that’s loaned, transported, or exhibited, and most insurers lack the specialized expertise needed to handle fine art valuation or restoration. For serious collectors, dedicated fine art insurance is essential to ensure every piece is properly protected, wherever it resides.
Risks Private Collection Insurance's Watch Insurance Could Cover
Our blanket coverage makes insuring a growing collection effortless. New additions are automatically protected, so there’s no need to update the policy every time something new is acquired. Our team simplifies valuation by covering a collection as a whole, up to a specified limit, without requiring individual appraisals, unless a single item is worth more than $20,000. Most importantly, it gives a collector peace of mind to focus on finding the next treasure, knowing the entire collection is protected by a policy that evolves as the collection grows. Understanding these risks can empower collectors to take preventative measures and safeguard their cherished timepieces from harm.
Watch Insurance FAQ
Watch insurance is a specialized policy designed to cover luxury watches and collections against theft, damage, loss, and other risks. Unlike homeowner’s insurance, it offers higher coverage limits and broader protection.
Yes, most insurers require a certified appraisal to determine the accurate value of your jewellery. This ensures you are adequately covered in case of loss or damage.
Most luxury and high-value watches can be insured, including vintage, limited-edition, and custom-made timepieces.
Yes, policies typically cover accidental damage, such as scratches, cracked crystals, or movement failures caused by daily wear or unforeseen events.
Yes, most watch insurance policies include worldwide coverage, protecting your watch during travel, at events, and in transit.
You can update your policy after periodic appraisals to ensure your coverage reflects your watch’s current value. You always want to ensure your coverage properly reflects the current value.
Yes, most insurers allow you to add newly acquired pieces to your policy, often with temporary automatic coverage until an appraisal is completed.
You have the flexibility to insure individual watches or an entire collection, depending on your needs.
Exclusions vary but may include intentional damage, general wear and tear, or loss due to improper storage.
You can typically file a claim by providing proof of ownership, such as an appraisal or purchase receipt, along with details about the incident. Insurers aim to process claims quickly, especially when working with adjusters familiar with watches and timepieces.
To obtain coverage, you'll typically need a certified appraisal, photographs of each item, and proof of purchase if available. This documentation helps ensure accurate valuation and simplifies the claims process.
Insurance for High-Value Items & Collectibles
Private Collection Insurance (PCI) offers tailored insurance solutions designed to protect a wide range of rare and valuable items including, but not limited to Jewellery, Watches and Timepieces, Fine Art, Wine and Whiskey, Sports Cards, Comic Books, Memorabilia, Vinyl Records, Musical Instruments, Static Vehicle Collections, Coins, Firearms, Purses and Fashion, and other high-value items.
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Private Collection Insurance makes insurance protection simple and seamless. To begin the process, visit our application page to complete the relevant application form or briefly scroll down click to use our Contact Us form to get in touch with our team.