Watch Insurance
Why choose Brookfield's watch insurance?
If you insure your watch with Brookfield you will always know what you’ll get paid if it gets lost or stolen. Many watches, unlike most other personal items, increase in value over time – with Brookfield you can agree upfront what the insurance value should be, avoiding any disappointment later when a claim arises. We will help you determine what the correct replacement value is, introducing you to the right people or service for valuation if necessary.
We are particularly familiar with the more prestigious brands such as Rolex, Patek Philippe or Audemars Piguet and how those values evolve over time. Our close relationships with professionals in the watch trade, such as with Nymans Ur in Stockholm, mean you can get help with repairs or replacement when you need it.
What is the correct insurance value for my watch?
When you insure your watch with us the first thing we do is agree together what the replacement value should be. This means you always know what you will get back if it gets lost or stolen.
Let’s take the example of a Rolex Daytona. If you recently bought it new at the official list price, you can still set the insurance amount at the current market price, even if this is significantly more than what you actually paid.
Why? Because we understand that the opportunity to buy again from an authorised Rolex dealer at the list price is highly unlikely.
The same Rolex Daytona bought second-hand should be insured for what you actually paid for it, making you feel safe that you will not lose out financially if it was to disappear.
In most cases, if you bought a watch new you should insure it for the list price. Then review the amount insured regularly to ensure that it continues to match the manufacturer’s current list price, so you can buy a replacement watch new should your item get lost or stolen.
Insurance in brief
- Insurance up to the full value of your watch
- Agreed value – no surprises when a claim occurs
- Loss or damage both in and outside the home
- Cover for theft at home and when wearing your watch
- Accidental damage , including to the glass
- Cover for scratches and other aesthetic damage, if due to unexpected and unforeseen events
- Accidental loss
- Nil excess
- Impartial and responsive claims service
- Mention Someone
- Attach A File
- Add Comment
You must be 25 years or older to take out Brookfield’s watch insurance.
About our watch insurance
Many things can happen when you are away from home. You might lose or damage your watch, or become a victim of theft or robbery. Since our specialized insurance covers these eventualities, you can wear your watches without worry – with much more comprehensive protection than a standard home insurance policy.
Unlike many insurance companies, we do not apply deductions for age and wear – and since there is no deductible, you will not pay a single penny if damage occurs.