Your watch communicates a lot about your personality. It’s an expression of fashion sense, style and status. Brands such as Rolex, Patek-Philippe, Panerai and Hublot hold their value extremely well, making for excellent investments as well as family heirlooms. A quality watch is a feat of precision engineering to be appreciated for generations.
Unfortunately, no watch is indestructible regardless of quality and craftsmanship. The glass face on sports watches are highly susceptible to being cracked, or worse still, smashed. You’d be surprised how often people forget to remove their dress watch before diving in at the beach or pool; the smallest amount of salt water can corrode a mechanism beyond repair.
It’s clear that watch insurance is a good idea. But something less obvious is why you shouldn’t simply put that luxury watch on your home and contents policy.
By definition, home and contents means you aren’t covered when you take your watch outside the home. Not ideal, as watches are made to be worn! This is where we at Q Report Jewellery Insurance come in. There are several other advantages to our specialised jewellery insurance: