A valuable watch is an unusual item. It’s a collectible, fashion accessory and a time-keeping device all rolled into a single object which you carry around with you a daily basis. It’s also desirable and fragile, increasing the risk that it could get lost, stolen or damaged.
Items worth tens of millions of euros are stolen every year, explaining why the cover for watches is very limited in most home insurance policies. With Brookfield’s watch insurance you can enjoy owning your watches without having to worry about what might happen.
Why chose Brookfield’s watch insurance ?
What is the correct insurance value for my watch ?
When you insure your watch with us the first thing we do is agree together what the replacement value should be. This means you always know what you will get back if it gets lost or stolen.
Let’s take the example of a Rolex Daytona. If you recently bought it new at the official list price, you can still set the insurance amount at the current market price, even if this is significantly more than what you actually paid.
Why? Because we understand that the opportunity to buy again from an authorised Rolex dealer at the list price is highly unlikely.
The same Rolex Daytona bought second-hand should be insured for what you actually paid for it, making you feel safe that you will not lose out financially if it was to disappear.
In most cases, if you bought a watch new you should insure it for the list price. Then review the amount insured regularly to ensure that it continues to match the manufacturer’s current list price, so you can buy a replacement watch new should your item get lost or stolen.
What does Brookfield’s watch insurance include?
Brookfield’s watch insurance includes: