Watches are investments and invaluable heirlooms. By implementing a solid risk management program and taking the measures outlined below, you will be better equipped to prevent immediate losses and preserve your collection for years to come.
Whatever your collecting passion, an appraisal establishes the basis on which your insurance values are set. Outdated values could limit your ability to be fully compensated through your policy in the event of a claim, so it is in your best interest to maintain updated appraisals.
More than $1.1 billion worth of jewelry and precious metals are stolen annually, and less than four percent of items are recovered.* While theft is also a leading cause of jewelry claims for customers, the biggest culprit is “mysterious disappearance”—losing track of items that often hold tremendous sentimental value on top of financial value