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OT Ballers -- Expensive Watches

Posted on 8/7/20 at 12:42 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42465 posts
Posted on 8/7/20 at 12:42 pm
About to buy my first rolex. Already have an omega. Do you have to buy separate insurance policies for watches? Or are they covered under your homeowner's/renter's policy?
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
57293 posts
Posted on 8/7/20 at 12:42 pm to
Rolex is for the poors
Posted by Gaston
Dirty Coast
Member since Aug 2008
38968 posts
Posted on 8/7/20 at 12:42 pm to
Whatcha getting?
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32441 posts
Posted on 8/7/20 at 12:44 pm to
You can add it to your homeowner's policy, I believe.

Posted by Jim Rockford
Member since May 2011
98179 posts
Posted on 8/7/20 at 12:45 pm to
I'll let you have one for tree fiddy.
Posted by RT1941
Member since May 2007
30214 posts
Posted on 8/7/20 at 12:45 pm to
quote:

About to buy my first rolex. Already have an omega. Do you have to buy separate insurance policies for watches? Or are they covered under your homeowner's/renter's policy?


Nope, call your agent and take out additional coverage for jewelry, list the each individual piece and I'd take a pic for record keeping.
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 8/7/20 at 12:45 pm to
You should buy an apple watch and ask Siri
This post was edited on 8/7/20 at 12:46 pm
Posted by lake chuck fan
westlake
Member since Aug 2011
9157 posts
Posted on 8/7/20 at 12:47 pm to
to each his own.... I would never dump that much money into a fricking watch.

Although you think it will, wearing expensive things still doesn't make up for that deep seated feeling of inadequacy, and worthlessness.

Those feelings of inferiority are made more visible by your attempts to cover up.
Posted by transcend
Austin, TX
Member since Aug 2013
4166 posts
Posted on 8/7/20 at 12:47 pm to
Expensive watches are 100% status symbols and perform 0 function a phone doesn't do more effectively.

At least my status symbol car drives like the ultimate driving machine...

Never understood the watch thing
Posted by SmokedBrisket2018
Member since Jun 2018
1517 posts
Posted on 8/7/20 at 12:48 pm to
If you are going to waste money on a watch, get a Breitling.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25617 posts
Posted on 8/7/20 at 12:50 pm to
Jewelers Mutual is the way to go for any decent-sized collection if you only have one or two mid-range watches then also get a quote from you homeowners carrier.
Posted by Dragula
Laguna Seca
Member since Jun 2020
4879 posts
Posted on 8/7/20 at 12:50 pm to
quote:

About to buy my first rolex


Way to be original


Yes, homeowners covers it
Posted by HurricaneTiger
Coral Gables, FL
Member since Jan 2014
3028 posts
Posted on 8/7/20 at 12:51 pm to
quote:

Never understood the watch thing

Think of it as nice clothing now. It used to have a function, but unless your phone dies the function is just redundant.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11676 posts
Posted on 8/7/20 at 12:51 pm to
quote:

Jewelers Mutual is the way to go
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42465 posts
Posted on 8/7/20 at 12:53 pm to
Used submariner. Nothing baller
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42465 posts
Posted on 8/7/20 at 12:54 pm to
So if you roll it into your homeowners it's an extra rider? Does it cover if it gets stolen let's say if I leave it in my car?
Posted by S
RIP Wayde
Member since Jan 2007
155540 posts
Posted on 8/7/20 at 12:59 pm to
I prefer the Rolex Bao Dai.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25617 posts
Posted on 8/7/20 at 1:00 pm to
quote:

Although you think it will, wearing expensive things still doesn't make up for that deep seated feeling of inadequacy, and worthlessness.

Those feelings of inferiority are made more visible by your attempts to cover up.


That is a lot of mental gymnastics just to justify the fact you don't care about watches. I "feel" no different nor do I think any more or less about myself when I am wearing a $500 watch or a $70k watch. Some people wear them for peacockery and some simply like watches.


RE the Rolex it is likely to never lose its value and likely to appreciate. My collection over the years has done much better than the Dow.
This post was edited on 8/7/20 at 1:02 pm
Posted by G Khan
the basin
Member since Mar 2007
454 posts
Posted on 8/7/20 at 1:04 pm to
quote:

Never understood the watch thing


Mechanical watches are a blend of engineering, craftsmanship, design, and art.

They are a personal item that you can use every single day. If you buy right (used or new depending on brand) and the right brand (Rolex steel, AP Royal Oak, Panerai, Patek, some Omegas, etc.), you get your $ back out of it and sometimes a little appreciation if it is years down the line.

You can also use them every single day and, if taken care of, hand them down to your children.

There aren't many other things that fit that bill.

I'm a big fan.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25617 posts
Posted on 8/7/20 at 1:06 pm to
quote:

So if you roll it into your homeowners it's an extra rider? Does it cover if it gets stolen let's say if I leave it in my car?


Yes, it is a specific rider otherwise the policy will pay very little. You will need to check the specific language of the rider but in general, they do cover outside the home but I have seen some with specific and relatively restrictive language. Jewelers Mutual is very lenient with small collections and one of the best to deal with regarding watch claims so at least get a quote from them before going with your HO company.

What ref # are you getting?
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