It is essential to conduct your own research and compare your top contenders based on a few key factors prior to selecting a carrier.
Premium: The cost of keeping your policy active is your premium. The value of your watches, the insurance company you choose, your coverage limit, and your deductible all play a role in how much watch insurance costs.
Limit of coverage: The maximum amount that your insurer will compensate you for a covered loss is known as your coverage limit. If your watch is very expensive, you should look for insurance companies that offer policies with high coverage limits.
Deductible: Your out-of-pocket expense for a covered loss is your deductible. Some watch insurance companies offer flexible deductibles ranging from $200 to $1,000, while others offer policies with no deductible at all.
Requirements for an evaluation: Before you can buy a policy, you may need to have your watch evaluated, but this will depend on the watch insurance company you choose and its value. However, it is not required by all providers.
Client care: To find out what current policyholders think of the business, look at online customer reviews. Before buying a policy, it’s helpful to know that customers frequently raise concerns about customer service or the claims process.
Efficacy of Use: It is simple to set up a policy, get a quote, file a claim, and add new watches to your policy with many of the watch insurance companies we looked at. You don’t have to rely on an agent for assistance because some providers even have an app for mobile devices.
