<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...

Subscribe

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

Diamonds

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...

General

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

What Does Watch Insurance Cover?

Q Report Team
Updated on November 11, 2022
3 min read

A luxury watch does more than tell the time. It brings an element of elegance into your everyday life. Whether you received your watch as a gift or bought it yourself to celebrate a milestone, your watch is precious. It’s also expensive, and replacing it might cause financial heartache.

Worrying about the possibility of losing or damaging your watch might lead you to leave it on your dresser instead of wearing it to the office. You’ll miss out on the enjoyment of glancing down at it throughout the day. Why bother owning a luxury watch if you don’t wear it?

 

Watch Insurance is the Answer

Instead of locking it up in a safe or keeping it tucked carefully away in its box, wear that Rolex as often as you like.

With watch insurance, you can.

The concept is simple. You purchase specialised watch insurance for your timepiece, and then if something happens to it, you can return to your preferred watchmaker for repairs or replacement.

But what does watch insurance cover? And how does it work?

 

What Does Luxury Watch Insurance Cover?

Theft

Sadly, luxury watches appear on the list of top ten items stolen during burglaries in Australia. Why?

Thieves love watches. They’re small enough to slip into pockets, but they’re valuable enough to raise significant cash. Home burglaries aren’t the only way thieves snatch watches. Travellers sometimes lose their Patek Philippes and Vacheron Constantins to pickpockets or hotel room burglars.

Wherever theft happens, you’ll need protection. Fortunately, our specialised watch insurance protects your favourite timepiece. Once we have a few basic documents from you, we’ll get your claim processed.

 

Loss

It’s your worst nightmare: losing your favourite luxury watch. Can you imagine losing your grandfather’s Daytona or the Breguet presented to you at retirement?

Fortunately, Q Report watch insurance covers the loss. Strange things happen sometimes; we’ve heard plenty of stories. People lose watches in storms, in airports, in gyms. With adequate cover, your timepiece will be restored to you.

 

Damage

Did you know that a rare Rolex Cosmograph Daytona recently sold at Sotheby’s Honk Kong for HK$25.3m (AU$4.59)? With its platinum case and lapis lazuli dial, the watch is historically significant. It’s thought to be the only chronograph ever produced by Rolex. The 40mm timepiece is powered by a 4030 Zenith automatic movement calibre, which is still considered one of the most accurate chronograph movements ever created, even though it’s now nearly 50 years old. 

Damaging such a masterpiece would be horrific, but skilled watchmakers can (and do) repair all kinds of problems in all types of watches. Could you finance costly repairs to your favourite luxury watches? With Q Report watch insurance, you can.

 

New call-to-action

 

Repairs or Replacement from Your Chosen Watchmaker

Let’s say you bought your vintage Audemars Piguet Royal Oak from Swiss Watch Box, one of our fantastic Q Certified Jewellers. You appreciate their reputation for quality and customer service, and you know they have the models you love.

If you lost your Royal Oak to an in-home burglary, you’d probably want to return to them for a replacement. With Q Report watch insurance, you can do just that. We’ll never tell you where you have to turn for repairs or replacement; the choice is yours.

 

150% Cover

Watch insurers don’t always pay the amount shown on your policy in the case of a claim. Even if you’re paying a premium on the insured value shown, they can replace your watch at the lowest price that they can find. But that’s not how we operate at Q Report.

Your watch insurance policy provides agreed value cover, which means we’ll pay the actual amount shown on your policy minus a flat $100 excess if you lose your luxury watch. And we don’t stop there.

Our luxury watch policy also includes a 150% cover benefit. If your timepiece can’t be replaced for the amount shown on your policy, we’ll pay up to an extra 50% to make sure what you receive matches what you lost. Why is this important? Many watch models are known to increase in value so the 150% benefit gives you the cushion you need to cover these potential costs.

 

The Unexpected

When it comes down to it, watch insurance protects you from the unexpected. No one plans on dropping an Omega Speedmaster on a stone floor and watching the crystal shatter. But it happens.

Q Report Watch Insurance makes it right. Instead of mourning the loss of your favourite timepiece, you can rest assured that it will soon be repaired and ticking away happily on your wrist once more.

Ring us for more information, or fill out this form for an instant quote. You’ll find the process simple and pleasant, and you’ll soon feel that comforting peace of mind that comes with generous cover.

 

New call-to-action

Jewellery Insurance Instant Quote

Global-Calculator-Background_resized

Jewellery Insurance Instant Quote

PLEASE CONFIRM YOUR DETAILS AND SELECT THE BEST TIME FOR US TO CALL YOU

BACK TO YOUR QUOTE

SEE WHAT OUR CUSTOMERS SAY ABOUT US

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