WATCH INSURANCE

David Joyson

Written by

David Joyson

Home Insurance Expert & Customer Champion

Sophie Kamkar

Reviewed by

Sophie Kamkar

Content Marketing Manager

Less than 1 minute

Updated: 21 Feb 2024

Homeprotect can insure watches as part of our contents insurance

Often, a watch is among the most valuable possessions a person owns. Popular brands like Omega, Rolex or vintage collectibles from Patek Philippe can also be very expensive. You will understandably want to make sure that your investment is adequately insured.

Wearing your watch every day means that you will face risks like damage and theft. And while any sentimental value is irreplaceable, financial remuneration can at least be put towards repairing or replacing the watch.

If your watch is under a certain value it will likely be covered by your home insurance, but for more valuable items you should specify them on your policy. Be certain to define if your watch insurance is just for the UK, or if you need cover when abroad.  

insuring your watch as part of your contents

At Homeprotect, you can insure your watch along with your home contents. You may well find that it is cheaper to include your watch in your home insurance rather than taking out a standalone policy. It’s also easier to manage at renewal!

Luxury watch insurance that’s part of your home insurance policy will often provide more cover than standalone watch cover too, with worldwide cover for specified items on a new for old basis. Make sure to read the policy terms when getting a quote as insurance provider terms vary.

High risk items such as watches that are worth £1,500 or more must be specified individually in your policy to be covered up to their replacement value. Be prepared to provide evidence of ownership and a valuation of your watch. Additionally, watches individually worth more than £5,000 must have been inspected and fixed (where a fix is needed) by a qualified jeweller within three years of the claim being made.

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What’s covered by contents insurance?

Having contents insurance means you won’t be out of pocket if you need to repair or replace your belongings after they’ve been stolen, damaged or destroyed.

What we offer

Quick fix for uncontrollable leaks

Have a home emergency, such as electricity failure, faulty locks or vermin infestation? With the 24/7 Home Emergency cover, which we provide as standard, you can typically get an engineer at your home within four hours. And if you’re worried about an uncontrollable leak in your home, we aim to have an emergency plumber to you within two hours.

Extreme weather conditions may extend response time. Policy terms and claim limits apply.

New for old

Where we replace an item, we will do our best to meet the original specification on a ‘new for old’ basis. If we can’t find an exact replacement, we’ll offer you a suitable alternative, or a full cash settlement.

Legal advice

We provide Legal Protection cover as standard, giving you access to telephone legal advice on any personal legal issue, under the laws of the UK, any European Union country, the Isle of Man, Channel Islands, Switzerland and Norway.

What isn’t included?

Lost items.

Items stolen from unoccupied vehicles.

Damage caused by pets.

The cost of repairing or replacing items following a mechanical or electrical fault.

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Contents Insurance Cover Levels

Our contents insurance is designed to protect your belongings against insured events such as fire, storm, flood, escape of water, theft, malicious damage, subsidence, landslip or heave.

Contents cover

Covering the value of the possessions you could take with you when moving home, such as furniture, clothing, valuables, appliances, fittings, entertainment equipment, gadgets and bikes, following an insured loss. Cover provided on a new for old basis. 

from £25,000

Alternative accommodation

Covers the cost of alternative accommodation for you and your pets, together with reasonable expenses (e.g. travel, food, laundry) if you can’t live in your home (or where you’ve been advised to evacuate) due to an insured loss. 

up to £10,000

Home emergency

Covers sudden, unexpected emergencies, such as uncontrollable water leaks, that require immediate corrective action to prevent or limit damage to your home, or make your home secure. Two levels of cover are available, for different types of insured loss. 

up to £500

Family legal protection

Covers legal costs following an insured loss. There must be reasonable prospects of winning and the incident must have occurred during the policy term. Two levels of cover are available, for different types of insured loss. 

up to £25,000

Liability cover

Covers damages and claimants’ costs and expenses for your legal liability in the event of accidental death, injury or illness to a third party, or damage to property belonging to a third party. 

up to £5 million

Personal possessions

Covers items likely to be worn, carried or used by you away from your home (e.g. bags, clothes and sports equipment) in the event of physical damage or theft. Cover provided anywhere in the world. 

Optional

Gadgets, bikes and valuables away from the home

Cover for electronic gadgets (e.g. mobile phones, laptops, tablets etc), bikes (including electrically assisted bikes), valuables (e.g. watches and jewellery), equipment (e.g. hearing aids) and other expensive or high risk items that you take out of your home. 

Optional

Accidental damage

Covers sudden, unexpected and unforeseen events around the house (e.g. spillages or breakages) that result in physical damage and which was caused by you, your guests, a third party or wild animals. Two levels of cover are available

Optional

Your Questions Answered

Contents insurance insures all the belongings in your home that are not attached to the property. Contents are the items that you would take with you when you move home. This includes:

Your furniture, rugs, computer, entertainment equipment, cds, dvds, videos, valuables, clothing, personal belongings – even the food in your freezer! You may be asked to specify certain items (such as bikes, electronic gadgets and high risk items) on the policy and you may be asked to make additional security provisions such as locks or a burglar alarm if you live in an area with a high theft rate. 

Not unless you have taken out our personal possessions cover. This cover is an optional extra that you can purchase with your policy. Under our Homeprotect policy, the personal possessions option covers your personal belongings against theft or physical damage anywhere in the world.

If you are taking these possessions overseas, cover is included for up to 90 days each year. Any individual items worth £1,500 or more and any bike, electronic gadget or high risk item will need to be specified on the policy.

We are currently unable to offer personal possessions cover as a standalone product – this can only be purchased as an additional extra option with contents insurance.

Compulsory and voluntary excesses are the amount you pay towards a successful claim.

Compulsory excesses vary depending on the section of cover you’re claiming under and the type of claim you’re making. If you make a claim under both buildings cover and contents cover, both sections will apply.

If you chose to include voluntary excesses when buying your policy, they are paid together with any compulsory excesses for the section of cover you’re claiming under.

You can find your excess amounts in your policy documents.

We do, but they are covered as electronic gadgets rather than watches.

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