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.

Watch Insurance

Why chose Brookfield’s watch insurance ?

If you insure your watch with Brookfield you will always know what you’ll get paid if it gets lost or stolen. Many watches, unlike most other personal items, increase in value over time – with Brookfield you can agree upfront what the insurance value should be, avoiding any disappointment later when a claim arises. We will help you determine what the correct replacement value is, introducing you to the right people or service for valuation if necessary.

We are particularly familiar with the more prestigious brands such as Rolex, Patek Philippe or Audemars Piguet and how those values evolve over time. Our close relationships with professionals in the watch trade, such as with Nymans Ur in Stockholm, mean you can get help with repairs or replacement when you need it.

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?

When you step outside your home your watch is exposed to many risks. You should be able to wear and enjoy owning your watch without having to worry. This means having an insurance fitting around your lifestyle, including when you are out with friends, on holiday or doing the school run for example – in fact any situation where you could lose or damage your watch or be the victim of a pickpocket.

With our comprehensive All-Risks cover in force everywhere 24/7 you can relax and have peace of mind.

Brookfield’s watch insurance includes:

Insurance up to the full value of your watch
Agreed value - no surprises when a claim occurs
Loss or damage both in and outside the home
Cover for theft at home and when wearing your watch
Accidental damage , including to the glass
Cover for scratches and other aesthetic damage, if due to unexpected and unforeseen events
Accidental loss

Other benefits:

Nil excess
No deduction for age if you bought the watch new
Cover for loss of value resulting from an insured claim
Unlimited worldwide protection for Brookfield Home Insurance customers
Impartial and responsive claims service

You must be at least 25 years old to take out Brookfield’s watch insurance.

Watch Insurance

Watch Insurance

Why chose Brookfield’s watch insurance ?

What is the correct insurance value for my watch ?

What does Brookfield’s watch insurance include?

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Brookfield Home Insurance