When the cost of repairing or replacing the watch is greater than the cost of the insurance over several years, it makes sense to purchase watch insurance.
Take, for instance, the aforementioned $5,000 watch. If insurance costs $50 to $100 per year, it would take 50 to 100 years before you paid back the watch’s full value.
In contrast, if something were to happen and you didn’t have insurance, you might have to pay the full price tomorrow.
We began by evaluating ten distinct watch insurance providers to identify the best ones.
Price, coverage limits, deductibles, appraisal requirements, company reputation, customer reviews, and the claim procedure all played a role in our evaluation of each company.
We also looked at things like how easy it was to get a quote and each company’s online presence and functionality.
