Is it time to get your Rolex valued?
Some of Rolex’s most popular models, like the Submariner, Daytona and GMT- Master II models. Are currently subject to a waiting list. What does this mean for you, if you own one of these models and your watch was lost or stolen?
This means if your Rolex watch is lost or stolen, it may be subject to a waiting list before it can be replaced; the waiting lists of different models vary from months to years!
How do we approach a Rolex Valuation if the model is on a waiting list?
If your watch is on a waiting list, it would be unreasonable to expect a long wait to replace your lost or stolen item; the valuer will look at the second-hand and watch dealer’s market to obtain a second-hand replacement value. The condition of the watch and whether you still have the original box and paperwork are all taken into account. Given the lack of availability of certain models on waiting lists, they often sell for well above stated retail value.
For a Rolex model on a waiting list a valuation on a second-hand basis ensures you will be fully covered in the event of a loss. It also ensures any subsequent claim can be processed in a timely manner.
For more information about our Rolex Valuation service, please contact us.
Insurance companies require jewellery valuations to be updated every 3 years. To be fully insured, your jewellery items will need to be listed separately on your contents insurance policy. If you are in the unfortunate situation where you need to make a claim following, loss damage or theft, an up-to-date valuation is paramount in ensuring a claim can be settled accurately.
Precious items such as jewellery can fluctuate in value, which is why it is important to keep your valuations up-to-date.The lead times are as follows: Jewellery 15 working days, Watches 5 working days.
HOW MUCH DOES IT COST?
Jewellery Valuation £70.00 per item
Watch Valuation £65.00 per item