Best Watch Insurance Providers of 2022.

If you own an expensive or high-valued watch, you might want to check out a watch insurance policy.

Normally, a standard homeowners insurance policy offers coverages for valuable properties inside your home.

However, this type of policy has a limit to the amount offered on expensive items. Hence, it is best you take out a separate policy for a very costly item such as a watch. This is especially if you desire a replacement of the same quality.

Looking for the best watch insurance providers you can safely insure your watch with?

In this post, we show you a chosen list of the 7 best watch insurance providers available in the country.


Best 7 Watch Insurance Providers of 2022.


The best watch insurers offer coverages for watches against all major perils. They also make it easy for their customers to purchase a policy with them and offer little to no deductible.

Below is a list of the best 7 watch insurers:

  • Jewelers Mutual– Best Overall Watch Insurer
  • Lemonade– Best for Smartwatches
  • BriteCo– Best in Claim-handling
  • Wax Insurance– Best for Collectors
  • Zillion– Best for Zero Deductible Policy
  • Chubb– Best for Automatic Coverage
  • AKKO– Best in Value for Digital Watches



Jewelers Mutual:

Jewelers Mutual is a long-standing insurance company founded in 1913. They are well experienced in watch and other jewellery insurance.

The company offers a comprehensive watch policy with affordable rates. They also have a zero deductible option.

Pros & Cons


  • Offer an extensive coverage
  • Option of a $0 deductible
  • Easy to get quotes online
  • No appraisal needed to get coverage


  • They have a long list of special policy exclusions
  • Appraisals aren’t free
  • Few negative reviews on their claim-handling



Lemonade is a homeowners insurance company that’s best known for its affordable rates in ensuring high-tech watches.

Note: only customers with Lemonade’s homeowners or renter’s insurance have access to this policy.

Pros & Cons


  • Very affordable coverage
  • Made as an easy add-on to your homeowner’s insurance
  • Online quotes available
  • Has an efficient mobile app


  • Not available in every state
  • A homeowners insurance with the company is required to purchase this policy
  • An appraisal is required to get coverage



BriteCo is best known for its easy claim processing service along with its very affordable rates.

They offer a zero-deductible policy option for customers.

Pros & Cons


  • Easy online claim-process
  • Monthly payment option
  • $0 deductible option
  • Online quotes available
  • Simple application process


  • Appraisals are required to get coverage
  • Unavailability of mobile app


Wax Insurance:

Wax Insurance is a company designed specifically for watch collectors. The company offers unique coverages for watch collections of all types and sizes.

They offer a single policy on all watch collections. They make their policy purchase process very easy for customers through their mobile app and a non-appraisal requirement.

Pros & Cons


  • Very easy-to-use mobile app
  • Single policy covers multiple collections
  • Exclusive management of policy enabled by app
  • No appraisal required


  • Newer company compared to long-standing competitors
  • Does not underwrite its own policy



All policies in Zillion come with a zero-deductible cover for watch repair and replacement.

Zillion is also best for both its no-impact claims and refund policies. They offer coverage that is not limited by location once you’ve insured your item with them.

Their policies are underwritten by a luxury watch insurance company known as AXA XL.

Pros & Cons


  • Covers all major perils
  • Easy online quote
  • Zero-impact claims on premium
  • There’s a 30-day money-back guarantee


  • No coverage for specified exclusions such as war, deterioration, intentional acts, etc.



For the automatic coverage, Chubb is the best as they provide for new items in a watch collection.

They offer customizable policy options and are known to provide 100% of your item’s value as cash settlement in the event of a total loss.

Pros & Cons


  • Offers a 90-day automatic coverage for new items added to your collection
  • Offer customizable plans
  • Zero-deductible policy option
  • Watches less than $100,000 worth require No Appraisal
  • Can kick start a claim process online


  • No free available quote online
  • Watches worth more than $100,000 require an appraisal



For its affordable rates and student-friendly prices. Akko an electronic company is the best

They insure phones along with other valuables like jewellery and watches.

They offer a coverage limit of $1000 for any one-time loss of an item.

Pros & Cons


  • Affordable rates
  • Multiple discounts available for students
  • No limit to claims


  • Limited flexibility



Overall, buying special insurance for a high-value watch is essential as you do not want to be left stranded in the event of a total loss or expensive damage.

Nevertheless, it is crucial you first make your research on the best insurers available. Compare each of their quotes, exclusions and appraisal requirements before settling on any deal.

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About the author

Nnamdi Nwachukwu

An amazing writer with over 3 years of experience working in the Marketing, Education, and Sports firms.

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