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There’s a reason you bought your Rolex.
The prestige and history satisfy your need for owning something special that makes a statement. You also love the admiring glances you receive when out with friends or family. You've worked hard, and now it's time to enjoy the fruits of your labour.
But it’s important to remember that your Rolex is not just a great fashion accessory and statement piece; it's also a VERY expensive watch. Watch Insurance exists for this very reason—to protect your most valuable possession!
Specialised watch insurance will protect you against theft and damage when you buy any type of Rolex. You’re supposed to wear your watch, not lock it away in a safe all the time! When you take out specialised insurance for your watch, you can confidently wear it knowing that you’re fully covered!
Are you wondering what insurance options are available to you? Or how can you secure maximum protection for your luxury watch at a reasonable price? Read on, and we’ll give you the rundown on how you can insure your luxury Rolex watch.
As a luxury watch owner, you've got several different options available to you for insuring your watch. Let's begin with the basics—home and contents insurance.
Most home and contents insurance policies will only cover the watch's initial value, which may not be enough to cover the cost of replacing it now.
If you already have home and contents insurance, read your policy carefully to determine your level of coverage. Home and contents policies often impose per-item limitations. The allowance may be enough to cover an entry-level Rolex or a lower-end Omega watch but is unlikely to be enough to cover a high-end Rolex.
You also need to check whether your home and contents insurance policy will fully cover the loss or theft of high-end Rolex models. You may need to purchase extra coverage, which can get expensive.
So, what's the alternative? You should consider taking out specialised watch insurance from Q Report.
Specialised watch insurance from us covers your Rolex and guarantees total replacement value, no matter the circumstances in which you lose your watch.
A major plus of getting Q Report watch insurance is that, should the worst happen, you'll be dealing with a team that understands the intricacies of luxury watches. They will process your claim quickly and efficiently to ensure that the process causes you no additional stress.
Additionally, you can make a claim without affecting any no-claims bonus on your home and contents insurance.
You can obtain a free, instant quote online for your watch insurance. Alternatively, if you are purchasing through a Q Certified jeweller or watch boutique, you can get insurance at the point of purchase. Buying from a Q Certified jeweller or watch boutique offers you peace of mind knowing that your Rolex is fully covered from the moment you walk it out the door!
You’re fully covered when you take out specialised watch insurance if you need to make a claim. But just because you have watch insurance, that doesn't mean you shouldn't take precautions to protect your watch.
We’ve included some helpful tips to help keep your luxury timepiece safe.
Luxury watches are among the top ten items stolen during burglaries. Thieves like to target Rolexes because they're high value, easy to resell and small enough to slip into a pocket.
When you're not wearing your Rolex, you should keep it locked away in your safe. Owning a safe could be the difference between keeping or losing your luxury watch. Take a look at the specialised watch safes from Watch Winder Works.
Rolex offers a 5-year warranty on all their watches. Although these warranties don't cover accidents or theft, make sure you keep the paperwork that identifies you as the rightful owner.
If you ever decide to resell your Rolex, the receipts and certificates will increase your watch's value and make it even more collectable. Store these documents in your safe beside your Rolex watch to keep them secure.
There are certain places that locals warn you about in almost every country. Some areas have a reputation for theft and pickpocketing. Avoid taking unnecessary risks that expose you and your Rolex to possible harm.
If you find yourself in an unsafe area while wearing your luxury watch, tuck it inside your sleeve so passersby can’t see it.
Don’t be duped and pay a fortune for a fake Rolex! Unfortunately, many counterfeit Rolex watches exist in the market, mainly because of the watch's value and popularity. The only way to guarantee that you're getting an authentic Rolex is to make your purchase from a reputable dealer. They will provide you with paperwork proving your Rolex's authenticity.
The Rolex brand is highly prestigious. Owning one puts you in the upper echelon of luxury watch owners. And if that doesn't convince you that you need insurance, here are some other reasons you should insure your Rolex.
Watches are usually the primary targets of pickpockets, and travelling with your Rolex exposes it to theft. If you regularly travel, insure your Rolex, so you never have to worry about losing it.
Accidents happen all the time. You never know when or where they will occur, making it important to ensure your Rolex is fully covered no matter where you are wearing it.
With luxury watch insurance, repairs are completely covered for approved claims.
To make sure you have no out of pocket expenses after making a claim, you need to have regular revaluations of your Rolex.
Your Rolex watch will continue to appreciate over time. As with any premium brand, Rolex has regular price increases. What does this mean for you? It means you’re going to have to contribute money out of your pocket to replace your watch in the event of a claim. You’re unlikely to be fully covered for the replacement amount if your watch hasn’t had a recent valuation.
With Q Cover's specialised watch insurance, we provide you with free revaluations of your luxury watch every 12 months. We will make sure that you are insured for the right amount.
There's so much to love about owning a Rolex watch. Generations have subscribed to the dependable precision and accuracy of this luxury brand. It portrays an image of success, as well as being part of your legacy—something you can hand down to the next generation.
When you find your perfect Rolex, insure it with Q Report watch insurance. We love luxury watches as much as you do, and we will be there for you if something goes wrong.
Get an instant online quote or contact our team to learn more about our watch insurance today.
This has not taken cut, colour, clarity or carat, your financial situation or your partners taste into account. There are many factors that can reduce or increase the value of an engagement ring.
Speak with one of our Q Certified Jewellers to find out what you can afford, what your partner is looking for and what will financially work best for you.
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