Reply With QuoteHiscox
Not cheap but excellent service. Plenty of other recommendations on here for them.....
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Following advice from TZ-UK members, I use Marks & Sparks (actually, Aviva) for home & contents insurance. So far, so good. However, when I phoned today to renew it, they wouldn't increase the 'Valuables' limit beyond 50k. Just a blank refusal.
Yesterday, I worked out that the total of my wife's bits & bobs and my watches is now more like 75k. Is there a more flexible insurer I should go to, please?
Hiscox
Not cheap but excellent service. Plenty of other recommendations on here for them.....
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T.H. March are good, specialists in jewellery. I use them at my shop and used to used them at home, but I don't have any watches above the £2000 threshold now.
You need to go to a broker. Having £75K is unimportant. What is important is how many and at what value. One watch valued at £75K is a lot different from dozens of trinklets.Originally Posted by Tinker
Also do you want all risk cover abroad etc.
Going to a broker is going to save you a lot of hassle.
used LV this year,for buildings and 100k contents. wifey's 2 datejust's named as individual items,as over the 2k single item limit. very keenly priced insurance.
60 day worldwide cover for personal items including watches,and unlimited european cover.
I used Highworth who found a suitable policy for me
I use LV for mine about £25k for three watches same cover as above... approximately £14 extra per month on top of my buildings and contents cover.
the few times i've called them their customer service has been quick and faultless
Just a question, does the insurer ask for valuations, proof of ownership etc?
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M&S insurance certainly don’t. Perhaps when or if a claim is made they may request something. Hopefully I never have to test that.
When I fell foul of M&S's £50K limit I switched to NFU Mutual. Costs a bit more but they tailor their insurance directly to your requirements rather than try to shoehorn you into an off-the-shelf package. If I recall correctly NFU and Hiscox are the two most often suggested providers if you need something a bit bespoke. Don't be tempted to under-insure, as in the event of a claim (god forbid) any payment would be reduced proportionally.
LV didn't ask. but i took photos as a precaution.
I don’t have to declare anything under 50k. Anything over I have to provide proof of purchase or valuation.
NFU are another good one.
I’ve used them for years. They want to know the details of everything over £2500, so all my watches and guitars and wife’s jewellery are in an inventory with the serial numbers and all.
Issue is that it ends up costing more than an off the shelf privider.
But, every item is fully insured away from the home which is great for peace of mind.
edit double post
We renewed with Directline after “comparing the meerkat” and getting higher quotes.
Funny thing they said about the watches was that they would need to see evidence that the catches on the bracelets had been checked as being sufficiently secure in the event of a claim. The told us to “pop along to a reputable jeweller/watchmaker and get something in writing” to confirm this was the case.
That was a new one to me!
I took out home ins with Direct Line recently due to their car insurance being much cheaper than alternatives plus I got a discount on having home and motor with them so on the face of it, it was a no brainer to go with them. However, my 2018 BLNR is insured at rrp (£6,850) but due to all this ss sports Rolex shortage silliness it is most likely worth a fair bit north of that. The guy I spoke to at DL was a little short with me when I suggested that the replacement value was likely to be higher than rrp - he said that if that was the case I would be underinsured and thus the watch would not be insured. It also became apparent that anything valued over £7,250 (iirc) would need to be kept in a safe. I don't have a safe in my current property and I'm not going to the trouble of installing one as I am likely to move soon.
This is the reason I moved my home insurance away from Alliance who actually made an "annual inspection" of the clasps of all watches insured a condition of the cover. I'm now with Palladium via HIGOS brokers who were able to provide the right level of flexibility and cover.
Indeed, Directline insisted we have a safe too. They also stipulated that, if the safe was of the key variety, they keys must not be left in the same room as the safe (DOH!) and that they we’re also removed from the home when it was left empty.
Who did you switch to then?
It’s pretty easy to get a safe. Order online and bolt it to the floorboards through holes in its base inside a wardrobe or cupboard that’s got floor boards below.
When you move house you just unbolt it and pop it into the new house.
If you get one with a key pad entry there is no issue with the key needing to be taken with yo when you leave the house.
Mine has a keypad and a key overuse. The keys live at my parents house. Also so that they can get into it if I’m abducted by aliens.
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