If you cannot afford to easily replace your golden Rolex, you should give serious consideration to protecting yourself by purchasing insurance for it. In most cases, standard contents insurance will only cover you up to a certain value for a single item, and this is often not enough to cover the value of a watch. So how can you insure your watch and what are the various options available to you?
Why Get Insurance
The two most popular options are home & content insurance or specialised insurance. Let’s take a careful look at these popular options.
Home and Content Insurance
Some items can be included or added to your home and content insurance. Please be aware that standard home and contents insurance might not fully cover loss or theft for high-value items. The first thing to do is to read the policy carefully and ascertain exactly what you are covered for and what your allowance is for individual items and to know whether you are covered for loss of valuables away from home.
A specialised watch insurance policy would guarantee coverage of your luxury watch if it were lost or stolen. Having a specialised insurance policy means that in the case of a loss or theft, you will work with somebody who understands the intricacies of a Rolex watch and will help you properly deal with your claim.
Cost of Insurance
When it comes to insuring a Rolex watch, one of the most pressing concerns is the cost of taking out an insurance policy. As you would expect, the exact cost of insuring your watch will depend on a number of factors, with the two most important being the value of your watch and the insurance provider you opt for.
Get your watch independently valued
Get an independent valuation of your luxury timepiece or jewellery from us. This is especially important if you are seeking coverage from a more generic home and contents insurance provider, rather than a specialist jewellery insurance provider, but you should do it regardless of which path you go down. The amount you originally paid can become irrelevant quickly. Getting a valuation will allow you to know where you stand.
Imperial Time UK Ltd is proud to be partnered with Zing Cover.
Zing gives you the peace of mind of knowing that your important watches and jewellery purchases are properly insured. More than that, our partnership means that Zing really understands what’s essential to our watch and jewellery collectors. You can ensure your purchases with as little as one click when you’re online, in our store or by requesting a personalised quote.
By working with Imperial TIme UK Ltd, Zing is able to recommend appropriate ways to keep your watch or jewellery collection insured to the right values to save you from having to navigate the mysteries of ‘insurance valuation’.
If you need to make a claim, you can be confident that our expert claims team with deal with your claim quickly, fairly and discreetly. Because of Zing’s partnership with Imperial Time UK Ltd, you will benefit from genuine watch market expertise in repairing, replacing or finding an appropriate substitute for your lost or damaged item. Our aim is to make the claim process as close to a new shopping experience as possible. You can add more items to your subscription anytime, and we make it intuitive to manage your cover within your Zing account.
We want our customers to stay with us because they want to, so we also make it easy to cancel your Zing subscriptions at any time.
Zing and Imperial Time UK Ltd are always working on ways to enhance your enjoyment of your collection so as a Zing customer you will be the first to receive our offers and updates.
Zing’s specialist watch and jewellery cover is designed to be as clear as possible as to what is covered, what’s not and anything you need to do.
- Theft and accidental loss anywhere in the world.
- Accidental damage.
We will always try to repair or replace your watch and jewellery as closely as possible to the original.
What’s not covered:
- Loss or theft outside your home unless you’re wearing or carrying your watch or jewellery, or have locked it in a safe or locker.
- Damage caused by maintenance or alteration.
- Wear and tear, scratching or denting or faulty maintenance or design.
This insurance is arranged and sold by Zing Cover, a trading name of Covertech Limited which is authorised and regulated by the Financial Conduct Authority (FRN 947295).