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zizzi
·If it's going in someone else's safe, I'd probably put the watch in something like this with foam and a small silica pack
https://www.pelican.com/us/en/product/cases/go-case/personal-utility/g10
Advice for storing watches and insurance
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Capt Cave Man
·What are some things to look out for if I'm considering purchasing insurance for my watches? I don't currently have home insurance as I'm renting so I will probably have to get one specifically for valuables, and does anyone have any suggestions for good providers and plans in the UK?
Thanks!
If memory serves me correctly, normally you have an item covered up to a nominal value, say £1k as well as ensuring you have enough cover for all your belongings. As some of these pieces we admire and buy generally far exceed the standard amount, you would need to contact your provider with an itemised list of items exceeding said amount to ensure your covered.
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NickC
·What are some things to look out for if I'm considering purchasing insurance for my watches? I don't currently have home insurance as I'm renting so I will probably have to get one specifically for valuables, and does anyone have any suggestions for good providers and plans in the UK?
Thanks!
I would get a quote from TH March and Direct Line Select. I've had policies with both in the UK and they've been great. With the Direct Line Select policy, you can't get it online, you need to give them a call.
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zizzi
·Thank you everyone who replied it has been very helpful!
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Mycroft
·
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zizzi
·UK insurers will ask you to store your watches in a safe and will insure your watch collection up to a maximum of 10 times the cash value of your safe. The safe must be fixed to the floor or wall. Insafe provides good safes and is recognised by most insurers. Banham is another one but is more expensive. My recommendation is for a good insurance company. It will be slightly more expensive but they will pay you you without arguing in case of theft.
Do you have any recommendations on a good insurance company? Also would storing it in a bank safe deposit box be accepted?
Cheers!
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Mycroft
·Chubb is an excellent company for the full package (content & building) but if you are renting it might not be the best choice. I would go for one of the main ones like Aviva. It’s probably best to compare their premium and prestation. Unfortunately insuring high valuable like watches is expensive but you can reduce the premium by increasing the excess amount. Choose the correct ( as low as possible) out of safe amount insured to limit the premium.
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Medvedia
·I see it's been a while since this was last discussed, but I wanted to ask—has anyone updated their watch storage or insurance approach recently? I've been looking into different storage options and wondering if anyone has found a particularly good safe or alternative. Also, for those with insurance—has anything changed with policies, or do you still recommend the same providers mentioned earlier?
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Mycroft
·I see it's been a while since this was last discussed, but I wanted to ask—has anyone updated their watch storage or insurance approach recently? I've been looking into different storage options and wondering if anyone has found a particularly good safe or alternative. Also, for those with insurance—has anything changed with policies, or do you still recommend the same providers mentioned earlier?
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Mycroft
·Buy a safe with the appropriate cash rating (amounts insurer are covering) for your collection. My advice would be to go for code rather than a key (buglers might find the key..). Further I would chose a safe which automatically locks when you turn the handle. With one of my safe you also need to turn the keypad to lock it which unfortunately I forgot to do many times (the safe remains unlocked!)
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Medvedia
·A solid insurance policy is a must, but physical security is just as important. I keep my watches in a safe that's bolted down, and I rotate a couple into a bank safety deposit box. If you're keeping them at home, it's a good idea to buy home safe options that offer fire and theft protection.
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