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Why insure your luxury watches?

Why insure your luxury watches?
Written by
Watch Certificate™
Published
December 7, 2024

As a general rule, insuring your valuables is essential to reduce material and financial risks in the event of damage, loss or theft.

Your luxury watches represent a considerable investment, often much more than a simple accessory, and the right insurance can help you protect it.

In the event of theft, your watch is reimbursed in full at market value, and in the event of damage, part of the repairs are covered by your insurance, relieving you of some potentially high costs. This level of protection is crucial to preserving the value of your luxury goods and ensuring their longevity.

Home insurance rarely covers worn watches, or only up to a limited amount, often with a rate of wear and tear that greatly depreciates their value.

Thanks to Watch Certificate™ you can obtain the approved value of your watch signed by an expert. This recognized document enables you to assert your rights with your insurer.

In addition, Watch Certificate™ allows you to subscribe to a complementary insurance offer specially designed to wear your watches anywhere in the world with complete peace of mind. With this watch passport, every policyholder can easily prove the authenticity, value, ownership and existence of their watch in the event of a claim.

Maximize the chances of finding the watch and avoid receiving stolen goods

The blacklisting offered by Watch Certificate™ is a major asset in the event of theft, as it also helps prevent the resale of your property. Each watch is identified by a unique serial number; thanks to this serial number, your insurance company can blacklist it and thus prevent the illegal resale of your property. Thanks to this proactive measure, we monitor the market for any resale attempts. If your watch resurfaces, the insurance company can intervene to negotiate its recovery, taking care of all the necessary steps to bring it back to you. This extra protection ensures that your watch is safe, even after theft.

For all these reasons, knowing that your watch is insured also gives you considerable peace of mind. You can wear it every day, enjoy it on special occasions or even put it on display without fearing the consequences of an incident. Insurance allows you to enjoy your property without the constant anxiety of what might happen to it.

Watch Certificate™ provides specialized insurance for your watches. Get your watch passport, and access the insurance directly.

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Home insurance protects your possessions in the event of damage or theft, but it generally takes into account the replacement value of the goods, not their purchase value. This replacement value takes into account wear and tear from the date of purchase to the date of theft. Conversely, when you make a claim, the specialized watch insurance policies offered in partnership with Watch Certificate™ take into account the market value, which can be regularly updated, so that you can be reimbursed accordingly.