Nov 1, 201765 views

People can be jerks, well thieves especially, extra especially if they take your watches (or music gear).

So ran across this,
"... Crime happens, and it happened to one of our own. Mad Martigan was robbed last month, and concerning his watches, left him with just his trusty Luminox Sentry until he can build his collection back up. Many condolences were offered, and hornspun84 offered the silver lining that Mad Martigan can rethink his collection and purchase back what he wants. The conversation turned to insurance and cataloging valuables. The good news is that Mad Martigan found his stolen guitar pop up for sale on Craigslist, and the detective working his case got it back for him. ..."

Honestly, not something I contemplated (at least with my meager little 'collection'), but it is a side of owning a watch that gets over looked. How do we protect our pieces? I figured there were be some clause in most homeowner and renter policies to limit exposure of the insurance company to this, but if a collection approaches a replacement value of at least several times the usual 1k limit for 'jewelry', then getting a specific rider per piece, or using a specialty insurer may be worth it.
I did so with my grand piano, it's not anything super fancy (someday I will get into something serious though like a Shigeru or Charles Walter, Mason Hamlin etc, but I don't have 45-70K disposable savings to throw that way), I used an instrument insurance company to make sure if disaster strikes (more likely for my piano than a thief disassembling and running off with it), I'm not coming up 10-12K dollars short over the 1K limit on standard household items to replace it.
Given that watches can easily either per piece or very quickly as a collection can exceed that 1 thousand dollar cieling, seems would be a good idea to insure in addition to taking smart steps to protect oneself.
Any thoughts from members? How do you take precautions against theft /loss? Did you insure with a rider or specifically specialty insurer policy? Did you catalog with photos, receipts /purchase invoices etc?
Would seem especially difficult with vintage pieces or rarer geek worthy pieces, maybe insure as antiques? Just not super sure what's reasonable or options available out there and what others with fairly substantial pieces or collections have done.

Thanks for that, it's along the line of how I insured my piano and actually was cheaper than creating and underwriting a rider w my main home renter policy , when a situation arises requiring a claim, i would feel better about having a policy specifically geared toward that type of asset and hopefully not have to argue and fight get a insurance company to believe me about somethings worth and replacement value , ie yes said watches really would cost that much to replace ... 😊⌚
Also, insurance companies have the habit of canceling policies (or raising premiums) after a claim, making you reluctant to claim on anything less than catastrophic. A separate policy firewalls things.
You can add on to renters and homeowners to increase the limit. I cannot recall the threshold of value but over a certain amount you need to have things appraised and submit it to the insurer. I've been meaning to go in to a jeweler and have an itemized appraisal done, but I only have maybe one watch that goes over that value threshold.
Even so, and itemized list and appraisal for those with larger collections would be a good idea if you want your insurance to reimburse you.
I wonder if that and maybe having a safe hidden somewhere in house is an inconspicuous area (I've seen these cool systems where it looks like a central Hvac intake vent buut it pops out and whamo a hiding spot for valuables), if thata all pretty much one can do That a good home security system, if it's a lot of very expensive watches, being careful about losing on Instagram and similar and linking to It So as to not advertise with info that can ID you, that one does own all these valuable tiny machines
I took up piano as a beginner about a year and a half ago. I have a Roland digital, and my teacher has a Yamaha C series baby grand. I really liked the books ,"The piano shop on the left bank" and "Grand obsession," about their respective authors' searches for their ideal pianos.
yammy c's are great solid workhorse pianos, they are the toyota of pianos, little bit better suited to pop/jazz music but responsive enough for classical (especailly early ie Mozart and co). I've played the best pianos in world and it's an intriguing space, if you ever have a chance to play a Shigeru, be warned, it will/may ruin other pianos for you from the moment onward , they are that special (and undervalued in the market, especially on the rare occasion a used one comes up, owners thed to 'buy and hold' w them), but I think if i end up with 50-60k extra or earmarked for an upgrade, that's probably the way i'd go (that's not to say 110K+ for a Steingraeber, Bosendorfer etc is not 'worth it' but that's a crazy amount of money and though special, I don't think they are 'twice as special") Keep on w playing it's 'cheaper than xanax' haha, i may post a link or two from my youtube someday (fun way to wind up automatics, especially with non manual wind movements)
I love dive watches, but have never dived. But the bezel is great for tracking my piano practice. If I need 25 more minutes to hit my goal, I set the bezel accordingly. And wind it simultaneously.