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What is Watch Insurance?

Watch Insurance is cover to protect your watch collection in case it is lost, stolen, or accidentally damaged. Your watch insurance policy will cover the cost of these items to ensure you are safe financially. For the most valuable items in your collection, we would recommend taking out a watch collection insurance policy separate from your home insurance policy, as this will mean you are covered if the item is lost outside of your home – this is more likely with jewellery and watches. That said, it can also work in your favour to have the watch insurance collection included within your High Value Home Insurance – click here for more details.

Why do you need watch insurance?

Watches usually fall into two categories: your everyday watch for any occasion or your special timepiece that is worn for important events only. The more it is worn, then the more susceptible it is to loss, theft but above all accidental damage. If it is worn on important occasions, it carries greater risk of attracting a theft or loss (travelling to and from an event or overseas). A comprehensive insurance policy will give you peace of mind to enjoy wearing it no matter where you are.

Our watch policy includes:

  • Worldwide Coverage included as standard.
  • Comprehensive cover for Accidental damage, Theft and Loss.
  • Cover available up to £1,000,000.
  • Cash or replacement option in the event of a claim.
  • No excess to pay in the event of a claim.
  • Cover for watch collections or stand alone watch cover within a jewellery collection (we cannot cover for a single watch, in isolation, only)

Why choose Stanhope for your watch insurance?

We understand that your watch is one of your most prized possessions. Our comprehensive range of insurance policies gives you the peace of mind to wear your watch when you want and where you want.

Choose from either a standalone Watch Insurance policy or inclusion within our High Value Home Insurance policies. Our experienced team will provide you with the policy that best suits your needs.

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Watch Insurance FAQs

Do you insure watch collections?

Yes, at Stanhope we can provide you with insurance for a watch collection. Stand alone watch policies are a little difficult to come by due the current hard market. Speak to an advisor for more information.

Are there any restrictions on my watch insurance policy?

Most worst-case scenarios such as (accidental) loss, damage and theft are covered anywhere in the world. However, there are some exclusions within the policy wording that you need to know. If there is cosmetic damage (scratches and dents) or general wear and tear, you cannot make a claim. If you leave your watch in an unattended bag then it will not be covered. If your watch mysteriously disappears this would not be covered either.

Is watch insurance worth it?

Yes, it’s much cheaper than you would think to insure a watch. Prices can start as low as £200.00 a year for a watch valued at £10,000. Thieves often target watches in burglaries and muggings, as they are easy to steal and resell. If you have a valuable watch, you probably want to wear it most days of the week. If you dropped your watch and it stopped working, the accidental damage section of the policy would provide you with the cover you need to repair or replace the watch.

Watch cost examples

Rolex Datejust 36mm stainless steel
Cost £3,500-£9,000
Cost to insure £104- £205

Rolex Oyster Perpetual 36mm stainless steel
Cost £4,600-£13,000
Cost to insure £117-£285

Rolex Submariner stainless steel black dial/bezel
Cost £7,000-£12,000
Cost to insure £165-£265

Rolex Daytona stainless steel
Cost £16,000-£25,000
Cost to insure £345-£525

Rolex GMT stainless steel
Cost £9,500-£16,000
Cost to insure £215-£345

Patek Philippe Nautilus stainless steel
Cost £40,000-£80,000
Cost to insure £825-£1,625

Omega Seamaster Diver stainless steel
Cost £1,000-£3,500
Cost to insure £104