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Is It Covered? All You Need to Know About Watch Insurance

Last updated on July 03, 2023

Ask any watch-lover; owning a high-end watch is more than simply possessing a functional timepiece. It's an investment in craftsmanship and style––an extension of one's expression and hard work.

Meet Matt, an accomplished aerospace engineer with a deep passion for space exploration and a love for fine timepieces, and he'll tell you the same. Matt owns an Omega Speedmaster. For him, the Speedmaster represents the ingenuity, bravery, and scientific achievements of those who ventured beyond Earth's boundaries. As he wears the watch on his wrist, it serves as a constant reminder of human triumph and the limitless possibilities of exploration.

Aside from its historical significance, Matt appreciates the craftsmanship and attention to detail that Omega brings to the Speedmaster. Its precise mechanical movement, the robustness of its build, and its timeless design align perfectly with his values as an engineer. He admires the watch's chronograph functions, finding them useful in his professional life when timing critical experiments or simulations.

Matt's Omega Speedmaster is more than just a timekeeping device; owning an Omega Speedmaster is a way to celebrate his passion for space exploration, showcase his appreciation for fine watchmaking, and wear a timepiece with historical and personal significance.

Whether you have a luxury Swiss timepiece, a limited-edition model, or a vintage treasure, your high-end watch most likely holds monetary and sentimental value. As a proud owner, it's essential to safeguard your valuable timepiece against unforeseen events that could potentially damage or jeopardise its future.

Join us as we explore the "need-to-knows" of watch insurance, discover the peace of mind it offers, and learn how to safeguard your precious timepiece for generations to come.


What do I need to know?

When it comes to luxury watch insurance, there are several key aspects you need to be aware of. Here's what you need to know:


Coverage Options

Watch insurance typically covers risks such as theft, loss, accidental damage, fire, and sometimes even natural disasters. However, coverage can vary between insurance providers, so carefully review the policy details to understand what risks are covered and any applicable limitations or exclusions.


Types of Policies

There are standalone watch insurance policies tailored explicitly for watches and valuable items insurance that may include watches and other high-value possessions like jewellery and collectibles. Consider your specific needs and the value of your timepiece when choosing the type of policy that best suits you.



You'll likely need an appraisal for each watch you want to insure to obtain watch insurance. An appraisal determines the value of your timepiece based on factors like brand, model, condition, and market prices. Ensure the appraiser is reputable and experienced in valuing watches.


Premiums and Deductibles

Watch insurance requires regular premium payments. The premium amount is based on factors like the value of the insured watches, coverage level, location, and claims history. Additionally, watch insurance policies often have deductibles, which is the amount you must pay out of pocket before the insurance coverage kicks in.



It's essential to maintain proper documentation for your watches. Keep receipts, certificates of authenticity, photographs, and any relevant paperwork that establishes your watch's value, ownership, and condition. This documentation will be necessary when filing a claim.


Claims Process

Familiarise yourself with the claims process outlined in your policy. In the event of theft, damage, or loss, promptly notify your insurance provider and follow their instructions. They may require a police report, updated appraisals, or other documentation to process your claim effectively.


Additional Benefits 

Some watch insurance policies offer additional benefits such as worldwide coverage, coverage during travel, emergency assistance, and professional cleaning or servicing. Explore these additional features and consider their importance to you when comparing policies.


Reputation and Reviews

Before selecting an insurance provider, research their reputation, customer reviews, and financial stability. Choose a reputable company with a track record of handling claims efficiently and providing reliable customer service.



Remember, the information provided here is a general overview. It's crucial to read the specific terms and conditions of any insurance policy you're considering. Want to know more? Head over to Insuring Your Luxury Watch: What You Need to Know. Then, protect your watch with JewelCover And give your timepiece the security it deserves. 

At JewelCover, we strive to make the insurance process as seamless as possible, from the first time you reach out until after claims are paid. We love luxury watches as much as you do and understand their sentimental value. Our goal is to protect your watch and restore it to you if the unexpected happens.


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