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JPE.88305
·As long as it's accompanied by an appraisal or documentation to verify current replacement value, it doesn't constitute fraud...nothing out of ordinary for jewelry or artwork, etc...
Rolex Sub replacement value
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DT1066
·This is getting very argumentative so I hesitate even to respond. But I suspect that overinsuring items is actually a common way to attempt fraud, and insurance companies probably look quite closely at claims for this reason. While you may be allowed to insure an item for a replacement value of your choosing, I’m not sure that the insurer will simply pay out that amount without documentation, and it will be hard to make the case that replacement value is higher than current msrp.
Interesting that some people get really worked up in these insurance threads. Perhaps they touch some kind of nerve.
Exactly. All I’m trying to do is protect myself so if it ever got stolen I can literally replace it immediately. I decided some time ago this was my daily wear that I’d never sell
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southtexas
·Exactly. All I’m trying to do is protect myself so if it ever got stolen I can literally replace it immediately. I decided some time ago this was my daily wear that I’d never sell
You should look at grey dealer current prices and insure it for that amount. We all know you won’t be getting one from the AD, so their MSRP is not YOUR replacement value. YOUR replacement value is whatever average the grey dealers are selling your current watch for.
