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The Ultimate Guide to Insuring Your Watch Collection: Everything You Need to Know

By April 11, 2023April 11th, 2024No Comments

Protect Your Investment: Insuring Your Watch Collection

In this blog post, we will discuss the importance of insuring a watch collection, the factors to consider when insuring a watch collection, and some examples of watches and their insurance premiums.

Why Insure Your Watch Collection?

A watch collection can have a considerable financial and sentimental value. Some watches can cost as much as a small house, making it crucial to protect your investment. Additionally, many watch collectors have a strong emotional attachment to their timepieces, making them irreplaceable if lost or damaged.


Insuring your watch collection can provide peace of mind and protection against unexpected events such as theft, loss, or damage. Without insurance, you may be left with a significant financial loss or emotional distress if anything happens to your collection.

Factors to Consider When Insuring a Watch Collection


When insuring a watch collection, several factors need to be considered to ensure that you have the right coverage.



The first step in insuring a watch collection is to get an appraisal. An appraisal provides a professional opinion on the value of your watch collection. It is essential to get an appraisal from a reputable appraiser who has experience in appraising watches.


Insurance Coverage

After getting an appraisal, the next step is to choose an insurance policy that meets your needs. There are two primary types of insurance coverage for watch collections: scheduled and unscheduled.


Scheduled coverage provides coverage for each watch in your collection and includes an individual description and appraisal for each timepiece. Unscheduled coverage provides coverage for the entire collection as a whole and does not require individual appraisals.


Insurance Premiums

Insurance premiums are the amount you pay for your insurance coverage. The premium is determined by several factors, such as the value of your collection, the coverage you choose, and the deductible you select. Insurance premiums can range from 0.1% to 1% of the total value of your collection.


Keeping your Collection Safe

In addition to insuring your watch collection, it is also important to keep your watches protected physically. One way to do this is by keeping them in a safe at home or a safety deposit box at a bank. A safe provides protection against theft and damage from natural disasters such as fires or floods. If you choose to keep your watches in a safe at home, make sure it is a high-quality safe that is secured to the floor or wall. If you prefer to keep your watches in a safety deposit box at a bank, make sure to check the bank’s policies on what items are allowed in the box and the level of insurance coverage they provide. Regardless of where you choose to keep your watches, it is essential to take precautions to protect them physically in addition to insuring them.


a close up of a watch safe

Examples of Watches and Their Insurance Premiums

To provide a better understanding of the insurance premiums for watch collections, we have provided some examples of watches and their estimated insurance premiums.

Watch Model


Insurance Premium (0.5%)

Rolex Submariner Date



Omega Speedmaster Professional



Patek Philippe Nautilus



Audemars Piguet Royal Oak



Breitling Navitimer



The table above shows that insurance premiums are calculated as a percentage of the value of the watch. For example, a Rolex Submariner Date valued at $8,000 would have an insurance premium of $40 (0.5% of $8,000). These are only examples.


In conclusion, insuring a watch collection is an essential part of being a responsible watch collector. It provides protection and peace of mind in the event of loss, damage, or theft. When insuring a watch collection, it is essential to consider factors such as appraisal, insurance coverage, and insurance premiums to ensure that you have the right coverage.



  • “How to Insure Your Watch Collection” by Danny Milton on

  • “Watch Insurance: A Guide to Protecting Your Timepieces” by Stephen Pulvirent on