£5k+ Watch Insurance?

sandeep

sandeep

sandeep

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Hi everyone

I'm planning on buying myself a Breitling Transocean in the next couple of months. The problem here is that I'm looking for insurance providers for watches above £5k but I can't seem to find anything.

I can't put it under home contents insurance due to other circumstances. Does anyone know where I can safely insure this watch?

Thanks
 

DannyDrama

DannyDrama

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Damned if I can find anything, though why I thought I can help with anything that expensive is beyond me!:D

Maybe try a jewellery insurance place instead of looking for watch specific places? It's all my tired head can think of.:p
 

kindai

kindai

kindai

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I know its an aquired thing, but, I honestly could never understand why people would spend so much on a watch, why not spend it on something more fun, like fast cars, or hookers?
 

Johnnytoxic

Johnnytoxic

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If you need insurance for a £5k watch, then you're probably stretching yourself to get it.

If I was ever in the situation to spend £5k on a watch, then that would be the time I wouldn't require insurance for it.
 

Johnnytoxic

Johnnytoxic

Johnnytoxic

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itchy said:
You can get insurance for anything, fingers, toes and penis its just how much you want to insure for and how much you want to pay. ;)
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At the moment, I don't insure things like TV's, freezers, phones. I take the risk and being generous probably 1 in 20 things go wrong. That one time where it does go wrong works out cheaper than taking out insurance for everything.

My point being, to spend £5k on a watch, at a guess I would have to have hundred of thousands in the bank if not millions. And at that point I wouldn't insure it and take the risk.
 

BDEE

BDEE

BDEE

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Johnnytoxic said:
If you need insurance for a £5k watch, then you're probably stretching yourself to get it.

If I was ever in the situation to spend £5k on a watch, then that would be the time I wouldn't require insurance for it.
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Just...what?!
This logic makes zero sense.
 

Raymond Lin

Raymond Lin

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Spook187 said:
Five grand on something that tells the time, what a world we live in:rolleyes:
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Commercialism or capitalism, or whatever you want to call it.

The truth is this, whether you are a watch fan or not. Nobody buys these to tell time, if you do, you are silly as they are not as accurate as your £10 Casio.

People buy these to brag, to show off, there is an element of bragging rights here whether the owner wants to admit it or not.

People are attracted to the name, lots won't admit it because it's vanity at its best but it's hard to deny as there are lots of "homage" or similar designs out there for a lot less yet they are attracted to the real thing with that name.

People will argue you buy it because of the company's history, I say they just fell for their marketing jargon.

£5,000 watches aren't seen like a £10 watch. £5,000 watch is a status symbol, you wear it to subtly tell people you have arrived, you have made it in life.

Is it wrong? No, it's perfectly fine. You buy it like buying a painting or art of any kind which people do everyday but do know that the £5,000 watch is not one of a kind, it's a manufactured piece done in a assembly line and most watches do not have any gems or precious metal of any kind for £5,000 in proportion to what it weight. The value comes from the company who makes it's ability to market and target the product at a perceived value at a population who can afford it.
 
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