Luxury Watch Insurance | Why You Need Thorough Coverage
Own a high-end watch like a Rolex, Patek Philippe, Audemars Piguet etc.? Then you know it’s more than just a statement piece—it’s a valuable investment. Unfortunately, many luxury watch owners overlook the importance of proper insurance. Without it, you're left vulnerable not just to theft, but also to unexpected damages. This guide walks you through how to protect your luxury watch with the right insurance coverage, ensuring you get full compensation based on real market value, not depreciation.
Why do luxury watches require special insurance?
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Financial investment: Many luxury watches increase in value over the years and are highly sought after by collectors.
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Risk of undervaluation: Standard policies often use depreciated values, which puts you at risk of being underinsured.
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Realistic value compensation: The insurance should match today’s market value – not an idealized retro price.
At Folke Forsikring watches are assessed based on genuine market value – including rarity, demand, and current bids.
Please be aware of depreciation.
Many insurance companies calculate compensation based on the depreciated value of the item. But luxury watches rarely lose value – quite the opposite. Therefore, such a method can leave you with a compensation amount far below the watch’s real value.
At Folke Forsikring a correct valuation is ensured through updated market knowledge, so you get fully paid – not reduced.
What should your luxury watch insurance cover?
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Theft
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The insurance should provide full market value – not depreciated value in case of theft.
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At Folke Forsikring får du ure-forsikring, der reflekterer urets reelle værdi – uden skjulte restriktioner.
How to protect yourself against underinsurance:
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Valuation
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Have your watch evaluated by an authorized expert or through current sales data.
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Read your policy carefully.
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Check which types of incidents are covered, and whether the coverage includes market value.
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Keep an eye on renewal.
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Market prices for luxury watches can change – update your insurance annually.
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Conclusion
Forsikring af luksusure kræver mere end en almindelig forsikring. Vælg en forsikring, der:
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Values your watch based on the market – not depreciations
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Dækker tyveri.
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Giver dig fuld erstatning.
At Folke Forsikring we ensure exactly this – and we’re ready to assist you with expertise and peace of mind.
