Breitling Watch Insurance: What You Need to Know
If you have a Breitling timepiece, protecting it with Breitling watch insurance is a great idea. This kind of policy, provided by a specialty insurance provider like BriteCo, protects your financial investment if your watch goes missing, is damaged, or is stolen. Rather than pay out of pocket for a brand-new model, a comprehensive watch insurance policy from a trusted provider can help get your piece repaired or replaced with a timepiece that carries a similar value.
It’s important to note that luxury watch insurance is very different from watch warranties or homeowners insurance, both of which have coverage gaps and don’t always cover instances of damage or loss. At best, it may leave you with a minimal payout that won’t fully cover repairs or replacement for such high-value pieces.
What You Will Learn
- How a Breitling Watch Warranty Leaves You Exposed to Risk
- Your Homeowners Insurance Has Gaps, Too
- The Benefits of Specialized Watch & Jewelry Insurance
- How to Insure a Breitling Watch
- How Much Does Watch Insurance Cost?
- Do You Really Need to Insure Breitling Watch Purchases?
- Watch Insurance FAQs
- BriteCo’s Watch Insurance Works Around the Clock
How a Breitling Watch Warranty Leaves You Exposed to Risk
Breitling’s international warranty is automatically applied at the time of purchase. A piece with non-Breitling mechanical movements comes with a two-year warranty, while one with a Breitling Manufacture mechanical movement comes with a five-year warranty. Both typically just cover manufacturing defects.
So, while a five-year warranty is pretty generous among luxury watch brands, it doesn’t cover everything. A Breitling warranty excludes:
- Theft
- Loss
- Accidental damage
- Bands other than metal bands
- Water resistance problems (unless you have an official water-resistance test conducted every two years)
It also will not cover normal wear and tear. The only things the warranty covers are true mechanical defects completely unrelated to any actions you may have taken on your own. And a high-end, well-respected brand like Breitling, those kinds of defects are unlikely to happen. When they do, you’ll know the value of specialized watch insurance coverage.
Your Homeowners Insurance Has Gaps, Too
While homeowners insurance and renters insurance naturally provide some coverage, making up for the lack of protection, it’s very limited and may only apply to issues like theft or damage caused by disasters. Furthermore, most policies will only pay a very small amount for jewelry and watches — a few thousand dollars at most.
When the average Breitling watch sells for about $4,000, you’ll have to pay the remaining amount to replace a stolen watch.
The Benefits of Specialized Watch & Jewelry Insurance
So, what will watch insurance cover? Everything else. When you insure Breitling watch purchases with a specialized plan, you’ll be protected from accidental damage, theft, loss, and mysterious disappearances. Plus, a company like BriteCo has worldwide coverage with jewelry and watch insurance policies, meaning you’re covered no matter where, when, or how you travel. In contrast, a homeowners policy only protects your personal items if they are damaged or stolen at home.
With the right policy, coverage will also protect the full value of your watch. If you need your Breitling watch replaced or repaired, you won’t pay a penny — not even a deductible — since BriteCo policies all carry zero deductibles.
How to Insure a Breitling Watch
The process of insuring a Breitling watch is easy with providers like BriteCo.
First, you can get a free and easy quote by filling out the quick and easy watch insurance quote request form. Some watches may require an appraisal for the underwriting review.
If you are happy with the quoted amount for premiums, you can choose to pay either annually or monthly (the annual payment plan comes with a discount!). At that point, your watch will be protected. And if you ever need to make a claim, doing so is just as easy. An online claims form takes just minutes to complete, and the BriteCo team will work with your local jeweler to replace or repair your watch as needed.
How Much Does Watch Insurance Cost?
Luxury watch insurance is relatively low-cost. BriteCo’s premium fees are relative to the watch’s value, typically about 1–5% of the watch’s appraised value.
So if you’re wondering how much to insure a Breitling watch that costs $20,000, you can expect to pay about $200–$1,000 for full, worldwide coverage per year. BriteCo pays the full cost of any replacements or repairs whenever you make a claim, and no deductible is required.
Do You Really Need to Insure Breitling Watch Purchases?
If you’re still on the fence about whether or not you need coverage for your Breitling watch, it may help to think about what could happen:
Day-to-day mishaps and mistakes like these could very well happen and end up costing you thousands of dollars.
Watch Insurance FAQs
How Much Does Watch Insurance Cost?
Watch insurance premiums are usually based on the value of your watch. Typically, a policy will cost 1–5% of your watch’s total value, per year.
What Does Watch Insurance Cover?
Unlike watch warranties or homeowners/renters insurance, watch insurance covers an array of unfortunate circumstances worldwide, including theft, loss, mysterious disappearance, and accidental damage.
What Kind of Watches Does Briteco Cover?
In addition to covering most major watch brands, BriteCo also covers secondhand, pre-owned, antique, and vintage watches.
What Will Watch Insurance Not Cover?
While watch insurance is quite comprehensive, it won’t typically cover a few things, such as intentional damage or damage caused by unique or extraneous circumstances, such as military service.
When Is the Right Time to Buy Watch Insurance?
There’s no bad time to buy watch insurance! But the best time is as soon as you purchase your new watch, as it ensures that it’s fully protected immediately. You can also purchase watch insurance for watches you’ve owned for years.
BriteCo’s Watch Insurance Works Around the Clock
No matter where you are in the world or what happens, BriteCo insurance protects your luxury watch investment from theft, damage, loss, or mysterious disappearance. The process is easy, the price is minimal, and the peace of mind is substantial.
Learn more and get your free quote from BriteCo today.
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