High value watch insurance is our speciality here at McLeod Insurance but the watch that you wear can change throughout your lifetime as you change. You may feel that at a certain stage in your life that a luxury watch is the right thing for you. You may like the history of a certain watch maker, like the thought of keeping time old traditions alive, appreciate the craftmanship involved in the creation of a timepiece, and investment or just want something that you can pass on to the next generation to remind them of you. Whatever the reason, luxurious watches are as popular as ever.

breguet

Breguet 5152

It can take a long time to find the right watch and watch manufacturer for you. However, once you have made this decision, and sourced your dream watch, it says as much about you as the house you live in, the company you keep or the car you drive.

2016 seems to be the year to personalise your watch. Bamford watch department in Mayfair can offer all sorts of changes to offer a truly one off watch from Rolex to Tag Heuer. It also, seems that oversized watches are very much last year with slimmer and smaller watches now more popular. A slim watch with a leather strap seems the fashion watch for 2016.

a lange and shne watch

A. Lange and Sohne

2015 was the year of the smartwatch and Apple, in particular, had mixed reviews of it’s Apple Watch. However, 2016 may well be the year of the luxury watch smartwatch with Tag Heuer leading the way with it’s new connected smartwatch. The watch, made in association with intel, is available in the UK from early 2016.

Whilst technology will go some way to determining the trends for 2016, and years to come, luxury watches will always have a place in peoples lives. Age old manufacturers such as Audemars Piquet, Patek Philippe, Rolex, Blancpain and Breguet. These watches can be classed as an investment, with many of the models becoming valuable collectors items in years to come.

breitling watch

Breitling

Whatever the trends for 2016, these watches need adequate insurance. At McLeod Insurance we take every measure possible to ensure you are covered to replace any of your watches (or other personal possesions for that matter) in the event of a total loss. McLeod Insurance only deal with insurers that understand the risks associated with owning an expensive watch and have cover in place to put you back in the position you were before a loss. This is easy to do with a new watch but an old or unique watch may need a different approach; like helping source a similar model or settling in an agreed value basis.

Richard McLeod
Director at McLeod Risk Services LLP
Richard McLeod LinkedIn profile

Top tip

Using an independent bespoke insurance broker such as McLeod Insurance, can reduce the cost of your policy, whilst also achieving the broadest cover in the market.

Direct policies are NOT necessarily the best value.