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Q Insights

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


Jewellery Insurance

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Helpful Resources

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The Complete Guide to Jewellery Insurance

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Ring Size Guide & Sizer

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When it comes to luxury timepieces, whether it's the desirable $60,900 18ct yellow gold Rolex Cosmograph Daytona or its slightly less expensive counterpart, the $8,300 Automatic Chronograph Tag Heuer Carrera, an exquisite timepiece is worthy of insurance that comes second to none.

This blog will discuss everything you need to know about watch insurance and how you can protect your precious investment.


What Does Watch Insurance Cover?

Unlike most home and content insurance, specialised watch insurance typically covers the owner for theft, loss and damage to their precious timepiece. As with any contract–read the fine print–the specifics of your coverage can vary depending on the insurance company and your policy type.

Take, for instance, Q Report, an insurance company specialising in luxury watches. You’ll find that your policy will also extend to mysterious disappearances, natural disasters, and much more anywhere in the world. 


Calculating Watch Insurance Costs

The price of your watch insurance policy will depend on a few factors, such as the price of your timepiece, the type of coverage you’ll need and the insurance company.

Price of Your Watch

The price of your watch insurance depends on the cost of your watch. The more valuable the watch, the higher your insurance premium will be. Enter the price of your watch in a watch insurance calculator to determine how much your policy will cost.

Type of Coverage

The protection you need will impact how much you pay for insurance. You opt for a simple plan that covers things like loss, theft, or damage; it might cost you less compared to a full-coverage plan that protects your watch from accidental damage and loss while you're on the go.

Insurance Company 

As expected, not all insurance companies charge the same amount for their policies. Make sure you research and read reviews from insurance companies to determine if the price is reasonable. 


How to Find the Right Watch Insurance

  • Assess the worth of your watch: Obtain a professional valuation to determine the value of your watch. Doing so will assist you in determining the amount of coverage required.

  • Identify your needs: Create a list of your needs. If you frequently travel, then worldwide coverage is a must-have for you. If you enjoy participating in extreme sports, ensure that the policy covers any damage.

  • Read reviews: You can get a more comprehensive understanding of the insurance company, its policies, and the experiences of others using its services. This information can help you make an informed decision and find the right jewellery insurance.


The Claim Process 


How To Make a Claim 

If you are covered with Q Report, you will need to notify us directly in the case of a claim. We will then guide you through the next steps, requiring a statutory declaration and a police report (if lost or stolen). We then take care of the rest, liaise with your jeweller and the underwriter, and keep you updated along the way.

You can call us on 1300 882 018 or email us at claims@qreport.com.au

How Long Does It Take?

How long the claim process takes depends on the insurance company you are with. If you’re insured with Q Report, it largely depends on how long it takes for you to send us your Statutory Declaration and Police Report (if applicable).

Assuming there are no problems and we don’t require further information, claims are usually processed and approved within five business days. Although, we have had cases where this process has been completed within one day.

Can I Use My Trusted Jeweller in the Event of a Claim?

At Q Report, we appreciate the relationship you may have with your jeweller, so we’ll always suggest you return to your original or preferred jeweller in the case of a claim. We don’t dictate where you need to go to repair/replace your jewellery.


Regular Revaluations for Your Watch

Having your watch regularly revalued is essential to avoid unexpected expenses when making a claim. Over time, the value of your timepiece will increase due to regular price increases by the brand. Without a recent valuation, you may not be fully covered for a replacement in case of a claim, and you'll have to pay out of pocket.

With Q Report's specialised watch insurance, you'll receive complimentary revaluations of your luxury watch annually, ensuring that you're always insured for the correct amount. 



A specialised watch insurance policy offers you peace of mind and protection for your investment. With insurance options like Q Report, you can be covered for theft, loss, damage, mysterious disappearances, and more. The cost of your policy will depend on factors such as the value of your watch, the type of coverage, and the insurance company you choose.

To find the right insurance for you, it's crucial to identify your needs, read reviews, and choose an insurance company that best fits them. Additionally, Q Report offers regular revaluations to ensure your watch is always insured for the correct amount. Investing in watch insurance is wise for anyone looking to protect their luxury timepiece.

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

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