Optimally protect valuable timepieces.
Protect your high-quality wristwatches and luxury watches with nextsure watch insurance against theft, damage, and loss. Comprehensive protection for your timepieces, digital and straightforward.
Worldwide Protection
Replacement value compensation
Rapid claims settlement
Why watch insurance is indispensable for your timepieces
Protection against theft and robbery
Protection against Damage
Replacement for simple loss
Cover for Water Damage
What risks does the nextsure watch insurance cover?
The nextsure watch insurance offers comprehensive protection for your valuable timepieces against a variety of everyday risks and unforeseen events. This includes theft, burglary, and robbery, both at home and on the go – worldwide. Damage caused by falls, impacts, or other unfortunate accidents are also covered. Even simple loss, for instance by leaving it somewhere, can be insured depending on the tariff option. Additionally, our policy protects your watch against water damage that goes beyond the manufacturer's waterproof standards, as well as damage from fire or lightning. Our goal is to provide you with maximum security so that you can wear your watch without worry. Please check the specific conditions in your individual insurance contract to understand the full scope of your watch insurance coverage.
Your timepiece in the best hands
Our services for your watch
Theft protection
Worldwide against robbery and burglary.
Damage
Protection against falls, impacts, and breakages.
Loss
Optional protection against simple loss.
Water damage
Also covered beyond the manufacturer's warranty.
New value
Compensation at the current replacement value.
Globally Valid
Your protection on all journeys.
Digital Service
Simple online completion and claims reporting.
Expert Consultation
Expert support from our specialists.
Transparency
Clear conditions, fair rates for you.
Comprehensive protection you can rely on.
Protect your valuable watch now
Calculate your premium online and secure it directly!
For which watches is a special insurance worthwhile?
A dedicated watch insurance is particularly recommended for timepieces of high material or ideal value. This particularly applies to luxury watches from renowned manufacturers such as Rolex, Omega, Patek Philippe, Audemars Piguet or Breitling, whose replacement value often amounts to several thousand euros. It is also advisable for collector's watches, limited editions, or heirlooms that hold special emotional value, to have dedicated coverage. From a value of approximately 1,000 to 2,000 euros, you should consider watch insurance, as household insurance often provides only limited protection or caps the insured amount. An independent policy generally offers broader coverage, specifically tailored to the risks associated with watches, including new value compensation, and often also protection against simple theft or loss.
The Difference: Watch Insurance vs. Home Insurance
Although your home contents insurance covers valuables up to a certain extent, it often does not provide sufficient protection for high-end watches. The compensation limits for jewellery and watches are often set low in home insurance policies (e.g. 20% of the insured sum). Additionally, the protection is usually limited to your own four walls and often does not cover risks such as simple theft or loss while on the move. A specialised watch insurance, on the other hand, is precisely tailored to the needs of watch owners: It typically offers all-risk coverage, worldwide protection, and compensation at replacement value or the agreed insured value. This way, your timepieces are optimally protected against specific risks such as damage due to carelessness or loss, which typical home contents insurance does not provide.
How to Determine the Right Insurance Value for Your Watch
Accurately determining the insurance value of your watch is crucial to receive adequate compensation in the event of a claim and to avoid underinsurance. Generally, the replacement value of the watch serves as the basis, which is the amount you would need to pay today for an identical or equivalent new model. For new watches, this is the purchase price according to the invoice. For older, used, or collectible watches whose value may have increased, a current valuation from a certified jeweller or watch expert is recommended. This valuation should include detailed information about the brand, model, serial number, age, condition, and current market value. Keep purchase receipts, certificates, and valuations safe, as they serve as proof in the event of a claim. It is advisable to regularly review and adjust the insurance value, especially for models with increasing value.
Worldwide Protection: Your watch stays safe even while travelling
With nextsure watch insurance, you enjoy comprehensive protection for your valuable timepieces – worldwide. Whether you're on a business trip, on holiday, or simply away from home, your watch is protected against insured risks such as theft, robbery, or damage. This global coverage is a crucial advantage, especially since the risk of loss or theft can be higher when travelling. In the event of an incident abroad, it is important to report it to the local police immediately and obtain confirmation. Then inform us as your insurer as soon as possible, so we can initiate the next steps in claims processing. This way, you can enjoy your travels with peace of mind, knowing that your watch is optimally protected even far from home.
Household Plus
Optimally complement valuables
Luggage
Safe on the go with all your valuables
Art & Jewellery
Special protection for your cherished items
Claim: What to do if your watch has been damaged or stolen?
Damage to or loss of your valuable watch is frustrating, but with the right approach, you ensure a quick and straightforward settlement through your watch insurance. In the event of theft or robbery, report it immediately to the police and obtain a copy of the report. Document the incident as thoroughly as possible: take photos of any damage or the location of the theft if relevant. Report the damage to your watch insurance without delay – at nextsure, you can do this conveniently online or by phone. Have your policy number and all relevant documents ready, such as the purchase receipt, the watch certificate, any valuation report, and the police report. Our team of experts will guide you through the subsequent process and ensure your concern is handled swiftly.
Tips for Prevention: How to Further Protect Your Watch
Alongside a good watch insurance, you can actively contribute to minimising the risk of damage or loss of your valuable timepieces. Store your watches, especially when you're not wearing them, in a safe place, ideally in a watch winder or a safe. Be particularly cautious in public and while travelling, and avoid displaying your expensive watch openly, especially in crowds or unsafe areas. Remove your watch during sports or manual activities to prevent damage. Regular maintenance by a specialist not only preserves the value of your watch but can also help prevent defects. While these preventative measures do not replace insurance, they complement it sensibly and aid in keeping your cherished pieces for a long time.
The benefits of digital watch insurance at nextsure
nextsure revolutionises the completion and management of your watch insurance through a fully digitalised process. As a modern insurtech company, we offer you maximum transparency and comfort. You can fill out the application for your watch insurance easily and quickly online – without complicated paperwork. All contract details are available digitally at any time in your customer portal. In case of a claim, you benefit from an uncomplicated digital claim notification that enables swift processing. Our focus on niche insurance means our watch insurance is specially tailored to the needs of watch enthusiasts and offers comprehensive protection. Benefit from our expert advice, which is also available digitally, and our unique combination of specialised portfolio and user-friendly technology for your optimal watch protection.
What is the difference between replacement value and current value in watches?
The cost of watch insurance depends on various factors and cannot be generally quantified. Primarily, the value of the watch to be insured is crucial: the higher the insurance value, the higher the premium. Additional factors include the chosen scope of cover (e.g., all-risk coverage, protection against simple theft), the amount of any deductible in the event of a claim, and sometimes the place of residence or existing security measures like a safe. At nextsure, we value transparent and fair rates. You can calculate the cost of your personalised watch insurance directly online by providing the relevant details about your watch. This way, you receive a tailored offer that optimally secures the value of your timepiece without unnecessarily straining your budget. Compare not just the price, but also the benefits, to find the best protection for your watch.
