Blog: Time to check watch valuations
Tim Belson, of Prestige Valuations, says the skyrocketing value of some luxury watches can cause a problem for insurance brokers but solutions are at hand to keep cover at the right amount.
Luxury watches are so much more than just timepieces – they can also be sound investments that offer significant returns.
We’ve seen certain models of watches almost double in price over the last 12 months, which should be something to delight their owners.
However, the rapid rise in value in some luxury watches can cause a problem for insurance brokers and their clients, if the timepieces are not properly insured, because in the event of loss or theft, they would not be able to get a
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