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Why Watches can be Timeless

Why Watches can be Timeless

Why Watches can be Timeless

Losing a watch is more than just a financial loss. A watch often does more than just tell the time, it may be a special gift, a family heirloom or just your pride and joy.

Prices for watches start at less than a euro and go all the way up. In 2019 a new record was set when €25.6 million was paid at auction for a Patek Philippe!!

However, the right insurance can replace it, should the worst happen.

Tips for insuring expensive watches:

  • Include expensive watches in your household contents
  • It’s worth taking out all risks insurance for sums of €1,300 and more – check your policy wording!!
  • Report any increase in value to your insurer

Household contents or a valuable item?

Valuable items can be included in your household contents policy. If items – in this case luxury watches – are worth over €1,300, it’s worth taking out all risks insurance. Each watch is then insured individually.

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