rolex appraisal - Rolex Insurance Appraisal in Toronto area? : 2024-11-02 rolex appraisal Rolex appraisal and insurance So I just spoke to AAA, my home owner insurance provider, and they said that as long as I can get my watch appraised and declared in my policy, they would cover their losses no matter where it is stored.
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rolex appraisal Real Name: Larry. Location: Mojave Desert. Watch: GMT's. Posts: 43,399. Insurance appraisals are usually for replacement cost with the equivalent model. If you want a true market value you would need an expert that the insurance company would accept to build a justified appraisal for true value. __________________. Watch: Rolex President. Posts: 1,348. My watches are insured through a rider on my home owner's policy. The cost is about 1% of the insured value per year. I have the watches insured at 100% of what a new watch would cost. My insurance company requires an appraisal from an authorized Rolex dealer. When I bought my first Rolex from my AD, they automatically provided an appraisal (showing model type, detailed description, serial number, etc.) at MSRP plus 10% to account for future Rolex price increases for true replacement cost. Guess what, within a month of buying the watch, Rolex raised their prices. I just want an appraisal my insurance will accept that basically provides the value of an equivalent off the shelf new Rolex. When I sent the watch in for a repair, Rolex told me on the price quotation that they would replace the watch with an equivalent one worth roughly $5000 in value in the unlikely event that the watch was damaged during . Rolex appraisal and insurance So I just spoke to AAA, my home owner insurance provider, and they said that as long as I can get my watch appraised and declared in my policy, they would cover their losses no matter where it is stored. in my case it was an AP and they've had 3 price increases since i got it, but the grey market value is still much higher but i was told i could only have another appraisal for the new msrp (which is still higher than the original appraised value). not sure if this is common or not, but that's what i was told and the reason was because they can . They will accept it prima facie. They may pay you a lower amount if a comparable model is available today at much lower price or you knowingly grossly overvalued your watch., I.e. insure your vintage Sub for $100,000 when comparable used ones and current models are valued at $7,500. Rolex Forums - Rolex Watch Forum > Rolex & Tudor Watch Topics > Rolex General Discussion: Watch appraisal costsRolex Forums - Rolex Watch Forum > Rolex & Tudor Watch Topics > Rolex General Discussion: Rolex Insurance Appraisal in Toronto area? Appraisal Question. Just got a Cermit and the insurance company asked for an appraisal to be done because it’s over $10K. Searching around I found various places for $125-150 for each watch. Found a reputable place that services Rolex and other watches that will appraise it for $50. Only thing is they asked me to leave the watch with them as .
rolex appraisal Real Name: Larry. Location: Mojave Desert. Watch: GMT's. Posts: 43,399. Insurance appraisals are usually for replacement cost with the equivalent model. If you want a true market value you would need an expert that the insurance company would accept to build a justified appraisal for true value. __________________. Watch: Rolex President. Posts: 1,348. My watches are insured through a rider on my home owner's policy. The cost is about 1% of the insured value per year. I have the watches insured at 100% of what a new watch would cost. My insurance company requires an appraisal from an authorized Rolex dealer. When I bought my first Rolex from my AD, they automatically provided an appraisal (showing model type, detailed description, serial number, etc.) at MSRP plus 10% to account for future Rolex price increases for true replacement cost. Guess what, within a month of buying the watch, Rolex raised their prices.
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rolex appraisal