If it was that easy to get a £5k insurance pay out for a fake watch with gen parts, every heroin junky would be claiming they got mugged. Showing a pile of Internet receipts for gen parts ain’t gonna lead to a payout for out of the house loss. The sum of parts ain’t the same as the overall value of the item you are claiming to have lost on the street. It’s easier if you’re trying to insure against watches being stolen from your house but if you’re trying to insure against loss/stolen in the streets then it’s quite tricky. I have a policy for gen watxhes and its not cheap
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The problem with that, most junkies don’t own a home never mind have a home owners insurance policy (or even renters insurance).
that being said, you can probably add one piece to a policy and - and this is the key, you add the watch and specify its value before hand. And they’ll just make sure they charge accordingly.
I mean if you wanted to, most claims reps aren’t Rolex experts. You could show fake rolexes and claim they’re genuine and with a fraudulent but authentic looking receipt, it won’t be an issue. They’ll insure it and it won’t be too much of an issue. But if you start trying to insure $700,000 in watches or more, that is when they’ll have someone verify, photograph, authenticate and stipulate up the ass a lot of different things.
But insuring a single $5000 to $10,000 watch shouldn’t be a problem. Even putting a rider on it in case it gets lost or damaged outside of the house. That can usually be added on your home owners policy for a negligible amount) . The problem is if you put in a claim, especially a fraudulent claim. I don’t know where you live, but this part of the world and country, insurance is ridiculously expensive. So... here, putting in a claim for a $5000 to $10,000 watch, it might not be worth it because you’ll pay that in premiums over the next 7-10 years.
when it will matter is if someone breaks in your house and steals a ton of jewelry. This could be a $5k to $10k hit you don’t have to take on an otherwise $30k to $50k Claim. Ya know what I mean?