There is therapy in keeping a healthy hobby.
Watch enthusiasts like yourself would understand the sense of pride that lies behind collecting luxury and rare timepieces. Besides the sentimental value your collection provides, they often also provide investment value.
As the valuation of most luxury watches increases year-on-year, like any other forms of investment, having appropriate insurance for your collection can help protect your investment. In the case of pre-owned watches and rare luxury brands, you would also need a back-up plan for repair and replacement.
In the unfortunate event of damage, loss or theft of your collection, having comprehensive valuable articles insurance can provide the peace of mind knowing that you’re covered for the current market value of your rare and expensive timepieces.
Here's a few reasons why:
Wear Your Watch with Pride
What is the point of investing in that special timepiece when you can't wear it? A Patek-Phillipe World Time or the Rolex Daytona does not belong in a stuffy safe, and it should rest on your wrist, whenever and wherever you like. You’ve worked hard to enjoy this lifestyle and at Chubb, we believe in providing you comprehensive insurance that caters to your lifestyle needs.
If you would like to find out more on how you can protect your watches and other valuable possessions, leave your contact details via the 'Contact Me' button below and our representatives will get in touch with you.
1 Sawer, P. (2018, May 31 Published). Database aims to counter surge in luxury watch thefts. The Telegraph. Retrieved from https://www.telegraph.co.uk/news/2018/05/31/database-aims-counter-surge-luxury-watch-thefts/
2 Yong, C. (2019, Oct 09 Published). Paris thief steals tourist's $1.2m watch after asking him for cigarette: 5 ruses crooks use to rob tourists. The Straits Times. Retrieved from https://www.straitstimes.com/world/paris-thief-steals-japanese-mans-watch-after-asking-him-for-cigarette-5-common-ruses-crooks
3 Clark, T. & Gualtieri, T. (2019, Jul 04 Published). Who Was the Man Wearing the $1.3 Million Watch Stolen in Spain, Azeris Wonder. Bloomberg. Retrieved from https://www.bloomberg.com/news/articles/2019-07-04/azeris-wonder-who-s-the-man-with-the-1-3m-watch-stolen-in-spain
Disclaimer - The content of the above article is not intended to constitute professional advice. Although all content is believed to be accurate, Chubb Insurance Singapore Limited (Chubb) makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content of this article. Users relying on any content do so at their own risk.
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