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Evitzee
·I decided a long time ago that insurance for watches doesn't make any sense at least for me. So for $100 a year I rented a box in my bank.
I keep a watch on my wrist and the rest is parked there.
Are Speedmaster Tintins really selling for those asks?!
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Togri v. 2.0
··Wow! Custom title... coolAs others have said there can be huge differences between the policy premiums from the different companies. One of the reasons, I think, is that just like banks people are often very loyal to insurance companies (often for no other reason that they have always used that company)
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Jonathan40
·That's my philosophy as well, I pay $40 a year for a 10" x 10" SD box at my bank.. I believe people overinsure for personal items. Insurance is there to prevent a loss that would be hard on your financial well being, and to protect you legally. Life, home, vehicle insurance all serve a good purpose, but insuring my watches, nah. It would stink to have a $10k watch stolen off my wrist but it wouldn't have much effect on my overall financial well being. Spending 1 or 2% a year on insurance doesn't sound like much but over the decades it adds up. It's all personal though and everyone needs to assess their real risk. Remember, like gambling, the house always wins in the insurance game. I prefer to self insure. A £6,000 policy premium is insane.
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Davidt
·Back to the thread are these selling for £14k? I find that really hard to believe but then again, I can’t fathom the prices paid for a modern Speedmaster with a cartoon dog on it.
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tyrantlizardrex
·Back to the thread are these selling for £14k? I find that really hard to believe but then again, I can’t fathom the prices paid for a modern Speedmaster with a cartoon dog on it.
I don't understand it either... but it seems to be the case.
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tyrantlizardrex
·It’s not possible to rent safety deposit boxes in banks in the UK anymore. Most stopped about 6 years ago as there was no money in it for them. Plus there have been thousands of branch closures in that time. If you have one you can keep it but no new customers for years.
Metro Bank are still offering Safe Deposit boxes to new customers in some locations.
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Mr Gadget
·Metro Bank are still offering Safe Deposit boxes to new customers in some locations.
Great for my TIn TIn, not for my Snoopy.
This could be an option
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ArmbandUhr69
·It’s not possible to rent safety deposit boxes in banks in the UK anymore. Most stopped about 6 years ago as there was no money in it for them. Plus there have been thousands of branch closures in that time. If you have one you can keep it but no new customers for years.
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vintage hab
·It’s not possible to rent safety deposit boxes in banks in the UK anymore.
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Jonathan40
·Metro Bank are still offering Safe Deposit boxes to new customers in some locations.
Hope you get to resolve your insurance issues soon.
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tyrantlizardrex
·For way less than half a years premium, buy a serious safe and cement it in. Yours for life, or as long as you are at that address. Very few house burgulars are safe literate at an advanced level. Cheapest investment you will make and a fire rating will save those precious papers etc.
Many U.K. insurers insist that a safe is installed by professionals to be covered by the insurance.
And that also relies on you having a house that it is physically possible to cement a safe too… 😗
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Davidt
·Also a safe is only good until someone knows you have it and decides to use something as leverage against you to willingly open it.
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neilfrancis
·Many U.K. insurers insist that a safe is installed by professionals to be covered by the insurance.
And that also relies on you having a house that it is physically possible to cement a safe too… 😗
There's always the risk here that someone on 'the inside' does a number on you too, though. Isn't that what may have happened to a member here recently whose house and safe was burgled in 7 mins and watch collection taken?
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Larry S
··Color Commentator for the Hyperbole.To insure my collection they’re quoting me £6k a year… which is bananas.
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dsio
··Ash @ ΩFImagine if it were white and teal blue instead of white and red, a Tiffany Tin-Tin. Could retire to Monaco 😎
Hilariously these watches were being dumped on ebay below MSRP by grey market dealers who couldn’t get rid of them fast enough not long after release, but then Gemini IV’s were too at one point
Hilariously these watches were being dumped on ebay below MSRP by grey market dealers who couldn’t get rid of them fast enough not long after release, but then Gemini IV’s were too at one point
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Scarecrow Boat
·For way less than half a years premium, buy a serious safe and cement it in. Yours for life, or as long as you are at that address. Very few house burgulars are safe literate at an advanced level. Cheapest investment you will make and a fire rating will save those precious papers etc.
https://omegaforums.net/threads/watch-theft-huddersfield.138719/
