Watch insurance
For luxury, vintage and everyday watches, and watch collections. These providers list cover for watches. Check whether the policy treats a watch as jewellery and how it values it.
Providers to review
These providers meet the filters used for this type of insurance.
What you are insuring: Watch. You can change this when you filter providers.
| Provider | Who they work with | Cover areas | Items covered | More info |
|---|---|---|---|---|
Australian Watch InsuranceDistributorAboutWatches only, not other jewellery. A standalone watch policy with worldwide cover and agreed value, available only to Australian Watch Club members. It distributes a policy issued by Quantum Underwriting Agencies, which also issues Jewelsure. Watch collections over $100,000 need a direct enquiry. | Watch owners, Watch collectors, Australian Watch Club members |
| Visit provider | |
CentrestoneUnderwriting agencyAboutA standalone jewellery policy for items worth $500 or more, insured by Berkley Insurance Australia. It covers rings, other jewellery and luxury watches, and is also offered through participating jewellers. Some men’s jewellery, such as chains and bracelets, is excluded. | Engagement and wedding ring owners, Watch owners, Jewellery buyers |
| Visit provider | |
JewelCoverUnderwriting agencyAboutA standalone policy for jewellery and watches worth $2,000 or more, with worldwide cover. Insured by Chubb and sold by Jewellers Loop, which also sells Q Report. The two products pay different amounts above the sum insured. | Engagement and wedding ring owners, Watch owners, Owners of several valuable pieces |
| Visit provider | |
JewelsureUnderwriting agencyAboutA standalone jewellery policy underwritten at Lloyd’s and issued by Quantum Underwriting Agencies. You apply online or through an approved Jewelsure jeweller. It covers rings, necklaces, earrings, bracelets and watches with a recognised valuation, anywhere in the world. | Engagement and wedding ring owners, Watch owners, Jewellery buyers |
| Visit provider | |
Keystone UnderwritingUnderwriting agencyAboutA collectibles and valuables policy for jewellery, watches, art and other collections, sold only through brokers and backed by Lloyd’s. It pays an agreed value. Worldwide cover is available for jewellery and watches that are worn. | Private collectors, Owners of high-value jewellery and watches |
| Visit provider | |
Q ReportUnderwriting agencyAboutA standalone policy for jewellery and watches worth $2,000 or more, with worldwide cover. Insured by Chubb and sold by Jewellers Loop, which also sells JewelCover. | Engagement and wedding ring owners, Watch owners, Owners of several valuable pieces |
| Visit provider |
Is a watch jewellery?
Many contents policies treat watches as jewellery, so they share the same limit. A good mechanical watch can be worth more than the limit for all your jewellery.
Some policies also treat smart watches as jewellery. Check which limit applies to yours.
Values can change
Prices for some models rise or fall after you buy them. An agreed value policy pays the amount agreed when you took out cover. Other policies repair, replace or pay up to the sum insured, so review the value regularly.
Cover to ask about
- theft at home, away from home and overseas
- accidental damage, such as a cracked crystal
- loss
- who repairs the watch after a claim
- cover for a collection, not just one watch
Mechanical breakdown and wear are usually excluded. Servicing is up to you.
What to have ready
- the receipt, warranty card or a recent valuation
- the box and papers, if you have them
- the serial number and clear photos
- any aftermarket parts or custom work
- where the watch is kept when you are not wearing it
- any overseas travel coming up
Example: two watches and a contents limit
This is a hypothetical example.
Alex owns two watches worth $14,000 and $6,000. Their contents policy treats watches as jewellery, with a $5,000 limit for all jewellery combined.
Alex can list both watches on the contents policy or insure them on a separate policy. Because they travel often, they also check how many days of overseas cover each option gives.
Frequently asked questions
Does a modified watch need special cover?
Tell the insurer about aftermarket parts or custom work. Some policies exclude significantly modified watches.
Should I insure a watch for the price I paid?
Use the current replacement cost. If the model has gone up in value, a valuation helps you avoid being underinsured.
Do the box and papers matter?
They help prove ownership and value. Keep photos of the serial number as well.