<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1204737666323810&amp;ev=PageView&amp;noscript=1" alt="facebook">
Q Insights

Jewellery insurance info, helpful guides, resources and industry-leading insights.


Jewellery Insurance

How To Solve Everyday Dilemmas With Jewellery Insurance

Welcome to our guide on navigating everyday jewellery dilemmas with the hel...

Is Watch & Jewellery Theft on the Rise in 2024?

In 2024, a concerning surge in theft threatens the world of luxury as watch...

The Sentimental Value of Insuring Your Jewellery

Jewellery can be more than a style choice. Our most precious pieces are a r...

Insurance Information

Luxury Watches

Exploring Audemars Piguet Women's Watches

In this blog, we delve into the world of women's watches, exploring how Aud...

Luxury Watch Trends to Look Out For in 2024

2024 is set to be another enticing year for luxury watch releases!

A How-To Guide To Getting Your Luxury Watch Repaired

Luxury watches are made with precision and attention to detail. But they're...

Jewellery Trends

The Enduring Appeal of Black Gemstone Jewellery

Black gemstone jewellery has an enigmatic allure that captivates the senses...

How To Create Stunning Looks With Pearls

Dive into the world of timeless elegance with our guide to styling pearl je...

Jewellery Trends in 2024: Big and Bold Statement Looks

Step into the world of haute couture and adornment as we unveil the hottest...


Keep up to date with the latest jewellery trends, insights and inspiration from Q Report.


Live Your Life in Colour: Canary Diamond Engagement Rings

Do you know diamonds come in a wide range of colours?

Lab Grown vs Natural Diamonds (What's the Difference?)

When most people think of diamonds, they think of natural diamonds.

The Surprising Science Behind Diamond Cutting

A natural diamond is as rich in history as it is in beauty. From the moment...


Proposing at Home: Do’s and Don’ts

According to a 2019 survey of 20,000 newly-engaged couples, 21 percent of p...

Are Diamonds a Good Investment?

Most people don’t consider buying diamonds until it’s time to purchase an e...

Brisbane’s Top 10 Proposal Locations

Your heart’s all a-flutter and it’s hard to sit still. So you’ve decided to...

Helpful Resources

Featured Resource

The Complete Guide to Jewellery Insurance

Access the Guide
Featured Resource

The Ultimate Guide to Luxury Watches

Access the Guide
Featured Resource

Ring Size Guide & Sizer

Download Guide

There’s a reason you bought your Rolex.

The prestige and history satisfy your need to own 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 your Rolex watch against theft, loss or damage. You’re supposed to wear your watch, not lock it away in a safe all the time! So when you take out specialised insurance for your watch, you can confidently wear it knowing you’re fully covered!

Wonder what insurance options are available to you? Or how you can secure maximum protection for your luxury watch at a reasonable price? Read on, and we’ll give you the rundown of everything you need to know.


Photo by Antony Trive


Ways to Insure Your Luxury Watch

As a luxury watch owner, there are several ways to insure your Rolex. But let's begin with the basics—home and contents insurance.

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 in the future.

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 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.

Q Report Watch Insurance

Q Report specialised watch insurance covers your Rolex and guarantees its total replacement value, no matter the circumstances you lose your watch 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. Our team will lift the stress off your shoulders by processing your claim quickly and efficiently.

Additionally, you can make a claim without affecting any ‘no-claims bonus’ on your home and contents insurance. 


How to Get the Best Coverage for Your Rolex

Now that you know the types of insurance available, let's look at how you can get the best coverage for your Rolex.

1. Shop Around 

It's a good idea to get quotes from multiple insurance companies or retailers to compare coverage and prices. 

Many insurance policies have deductibles, which is the amount you have to pay out of pocket before the insurance company will cover the rest. Consider the deductible when comparing policies, to ensure you’re getting a great deal.

2. Consider Getting a Professional Appraisal: 

If you're adding your Rolex to your homeowners or renters insurance policy, you'll need to know the value of the watch. Getting a professional appraisal from a reputable jeweller will help you determine the accurate value of your Rolex and get the right coverage.

3. Keep Good Records

Having documentation of your Rolex, including receipts, appraisals and serial numbers, can help you prove ownership should you need to file a claim. It's also a good idea to take photos of your watch and keep them in a safe place.

4. Understand Your Coverage Limits and Exclusions

Make sure the policy covers the types of events that are most likely to affect your watch, like damage, loss and theft. 

Some policies may cover repairs, while others may only cover the cost of replacing the watch. Likewise, some insurance companies provide both repairs and replacements. Consider what is most important to you before choosing a policy.

Also, be sure to understand the limits of your insurance policy and what's NOT covered. For example, some policies may exclude certain types of damage or loss. And in other cases, some policies may not provide worldwide coverage. 


How Do I Obtain Insurance for my Rolex?

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!


How Can I Keep My Watch Safe?

You’re fully covered when you take out specialised watch insurance. 

But just because you have watch insurance, doesn't mean you shouldn't protect your watch.

We’ve included some helpful tips to help keep your luxury timepiece safe.

  • Store Your Rolex in a Safe When Not Being Worn

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. 

  • Keep Receipts and Certificates

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.

  • Avoid Wearing Your Watch In Dangerous Areas

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.

  • Only Buy From Reputable Dealers

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.

As a luxury watch owner, there are several ways to insure your Rolex. But let's begin with the basics—home and contents insurance.



Why Should I Insure My Rolex?

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.


  • Travel Increases the Risk of Theft, Loss and Damage

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.

  • Watch Insurance Covers Accidental Damage

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.


The Importance of Regular Revaluations For Your Rolex

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 Report specialised watch insurance, you’ll get free revaluations of your luxury watch every 12 months. We will always ensure you’re insured for the right amount.


Frequently Asked Questions


Is it Worth Insuring my Rolex Watch?

Rolex watches are often expensive and considered a significant investment. If your watch gets stolen, lost or damaged, it could be financially devastating to repair or replace it. Insurance can provide coverage for these unexpected events and help to protect your investment.

Can I Insure my Rolex Watch With Homeowners or Renters Insurance Policy?

It’s possible to add your Rolex watch to your homeowners or renters insurance policy as a rider. 

A rider is an additional coverage option to your existing insurance policy, for an additional cost. It’s crucial to check with your insurance provider to see if they offer this option and what the coverage limits and exclusions are. 

However, it’s advisable to get standalone jewellery insurance instead, as it offers more peace of mind. 

How Much Does it Cost to Insure a Rolex Watch?

The cost of insuring a Rolex watch depends on several factors, including the watch’s value, the type of coverage you want, and the insurance provider you select. 

In general, insurance for a Rolex can cost anywhere from a few hundred dollars to several thousand dollars per year. It is essential to shop around and compare quotes from multiple insurance providers to find the best coverage for your needs and budget.


Enjoy Your Rolex

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.

Insuring your Rolex watch is an important way to protect your investment and ensure that you can get your beloved timepiece repaired or replaced in the event of damage, theft, or loss.

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 ever goes wrong. 

Get an instant online quote or contact our team to learn more about our watch insurance today.

Benefit - Satisfaction Guarantee

Satisfaction Guarantee

We know you’ll be satisfied. But you’ll receive a full refund of the premium if you cancel within the first 14 days.

Start a Quote


Jewellery Insurance Instant Quote


Jewellery Insurance Instant Quote




Related Articles

Sapphire Jewellery: A Guide for Collecto...

Immerse yourself in the timeless elegance and captivating allure of sapphir...

Exploring Audemars Piguet Women's Watche...

In this blog, we delve into the world of women's watches, exploring how Aud...

Luxury Watch Trends to Look Out For in 2...

2024 is set to be another enticing year for luxury watch releases!

Read what's next

Vector (25)

Engagement Ring Budget Calculator

What you need to save to meet your timeframe and budget is:

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.

Not sure where to start?

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.

Find your local jeweller
How much would insurance cost?
Get an instant quote