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WatchCor
·Hey , sry this is a very country specific question regarding insurance in Finland.
The question is what or how have you Finnish ΩF members insured your watches. I am not asking specific amounts or anything dubious just what companies or insurance products you have.
I have the extended home insurance plan that covers items to a certain pricepoint however that pricepoint/value is not enough currently. Therefore I have been looking for item specific insurances.
Unfortunately OP Arvotavaravakuutus and IF erillisirtaimistovakuutus are imo insufficient products.
The OP product is sickeningly expensive , and doesn't insure for loss of item. Apparently only for theft that can be proven.
The IF product sounded good until i asked for more information. They give a good price and you can insure the watches to the amount you want. However, in a claim situation they do a age-deduction even on vintage watches, or will pay for a similar but new model.
This sounds just like a scam but with extra steps (yes, Rick and Morty reference). Why would I insure my vintage pieces for their actual value when in a claim situation my Speedmaster is worthless in the eyea of the insurance company? Item age 58yrs , age deduction 5-9% per year. Meaning that even in a best case scenario I get a about 5% of the insured value minus the deductible, or I get a modern speedy with half the value.
So I pay for the full insurance value but I either get a new speedy or 5% of the value I insured it for. There must something I am not understanding correctly. 🤔
Astonishing, I get it that they are not a welfare organization but is there no insurance policy in Finland for vintage watches that would make sense in addition to the homeowners plan?
The question is what or how have you Finnish ΩF members insured your watches. I am not asking specific amounts or anything dubious just what companies or insurance products you have.
I have the extended home insurance plan that covers items to a certain pricepoint however that pricepoint/value is not enough currently. Therefore I have been looking for item specific insurances.
Unfortunately OP Arvotavaravakuutus and IF erillisirtaimistovakuutus are imo insufficient products.
The OP product is sickeningly expensive , and doesn't insure for loss of item. Apparently only for theft that can be proven.
The IF product sounded good until i asked for more information. They give a good price and you can insure the watches to the amount you want. However, in a claim situation they do a age-deduction even on vintage watches, or will pay for a similar but new model.
This sounds just like a scam but with extra steps (yes, Rick and Morty reference). Why would I insure my vintage pieces for their actual value when in a claim situation my Speedmaster is worthless in the eyea of the insurance company? Item age 58yrs , age deduction 5-9% per year. Meaning that even in a best case scenario I get a about 5% of the insured value minus the deductible, or I get a modern speedy with half the value.
So I pay for the full insurance value but I either get a new speedy or 5% of the value I insured it for. There must something I am not understanding correctly. 🤔
Astonishing, I get it that they are not a welfare organization but is there no insurance policy in Finland for vintage watches that would make sense in addition to the homeowners plan?
