Watch Insurance

Watch insurance: keep time saved

Watch insurance: keep time saved

Watches have been around for centuries, but it's only in recent times that we've started to see the need for watch insurance. With watches becoming increasingly expensive and complex, so too has the need for its protection. Watch insurance is a form of coverage specifically designed to cover your watch against theft, loss, and damage. It can help protect your investment—whether you're looking to safeguard a vintage timepiece or the latest luxury watch. In this blog post, we explore why you should consider taking out watch insurance and how it can help keep time saved.

The loudest watch thefts of the 21st century

Some of the most daring robberies in recent memory have been carried out against luxury watch stores. In many cases, the thieves have made off with hundreds of thousands of dollars worth of merchandise in a matter of seconds. Here are a couple of the most notable watch thefts of the 21st century:

  • In 2004, a group of thieves posing as deliverymen gained entry to the Graff Diamonds store in London's Mayfair district and made off with more than $40 million worth of jewelry, including several high-end watches.
  • In 2008, a group of armed robbers raided the Harry Winston store in Paris and made off with an estimated $100 million worth of jewelry and watches. 

These are just a few examples of the many audacious robberies that have taken place against luxury watch stores in recent years. While such incidents are relatively rare, they underscore the need for comprehensive insurance coverage for high-end items like watches.

TOP US companies that provide watch insurance

There are many top US companies that provide insurance for watches. Each of these companies has their own unique coverage options and prices, so it's important to compare them side-by-side to find the best fit for your needs. The most popular are:

  • Jewelers Mutual is the top company that provides insurance for watches. They have been in business for over 100 years and are known for their reliable coverage. Their monthly prices start at $3 for a single watch, making them a great option for those on a budget.
  • BriteCo is one of the top companies in the US that provides watch insurance. They offer a variety of coverage options for your watches, including accidental damage, theft, loss, and more.
  • GemShield is another top one of watch insurance providers in the United States. With over 25 years of experience, GemShield has a proven track record of providing quality coverage and service to its clients. Whether you're looking for coverage for your everyday watch or a rare and valuable timepiece, GemShield has you covered.

Protect a watch and keep its value

A watch is a precious thing. It can be an heirloom, a gift, or a simple purchase that you wear every day. No matter its value to you, it is important to protect your watch to keep accurate time and retain its value.