Insuring your Jewellery & Watch 

There is a growing community of watch collectors in Singapore. Some just collect the watch and wait for its appreciation in value while there are also watch collectors like Mr. Kevin Tan or Ms. Emilyn Lee who will also wear the watches. A recent article from TNP reported a 21 year old having a watch collection close to half a million dollars.

If you have valuables such as jewellery or watches at home, these valuables may be subject to a item sub-limit that can range from $500 to $2,000 though there are insurers that may have a higher limit of $7,000. However, it is still subjected to a usual 10% of content sum assured; which every is lower. What this means if my home content sum assured is $100,000 and my valuables sub-limit is up to $2,000 or 10% of the content sum assured; whichever is lower and a claim arises, I can claim either $2,000 or up to $10,000 whichever is lower.

The key differences for jewellery & watch insurance as compared to typical home content aka home fire insurance are as follow.

Loss or Accidental Damage Cover
Cover against physical loss or accidental damage

Worldwide Cover
Cover against damage and theft, wherever you travel

Agreed Value Policy
In the event of loss, receive the agreed value, less the first S$100

125% Cover
Up to 125% coverage on repair and replacement

Complimentary Jewellery Valuation
Appraise your insured items at no additional charge, upon every policy renewal

Return to Your Chosen Jeweller or Watch Boutique
Option to return to your preferred vendor for repair or replacement

For more information, please contact me via this link or whatsapp me


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