HODINKEE has come a long way since its inception. We are constantly striving to make this community we love better, whether it is through award-winning editorial coverage across multiple platforms or bringing you some of the best modern and vintage watches via the HODINKEE Shop. Our goal remains to make people fall in love with watches and to bring you products and services that make our hobby better.
And that last bit is especially important. Everything we do, we do in the spirit of serving the watch community so that our shared passion is more accessible and fun. It is why we are really excited to share something with you that we have been working on for the last three years.
Today, we bring you HODINKEE Insurance, the easiest and most comprehensive way to insure your watches.
Anyone who has ever bought themselves a nice watch and then tried to add it to an insurance policy will know just how big a hassle it usually is. You need receipts or an appraisal, a pile of photos, sometimes a notary has to get involved, and that doesn’t even touch on the time and patience required to get a watch properly protected. And let’s not get into how cumbersome it gets when we’re talking about vintage watches. Frankly, it sucks, and it is one of the biggest pain points we have heard from the community over the years.
It doesn’t have to be that way. So we decided to do something about it.
It was the feedback from the community that sparked this idea and set it into motion nearly three years ago. Insurance isn’t easy behind the scenes, but we wanted to make it as easy as possible for those of us who just want peace of mind when it comes to wearing and enjoying watches. So we found an incredible underwriting partner in Chubb, one of the world’s leaders in property insurance, and then set our engineers and designers to work, speaking with countless collectors along the way to find out what could make the insurance experience better for them. We’re extremely proud of what we’ve come up with.
Faster & Better
The first problem we knew we needed to solve was making it easier to sign up for insurance. There is no reason you need to fill out dozens of pages of forms to protect your beloved Submariner. We’ve pared down the sign-up process as much as we possibly could. Simply tell us a little bit about yourself and what you want to insure. That’s it. Then take a photo of your watch (which you can do right on your phone in the HODINKEE App) and input its market value. In most cases, you’ll get a quote in just a few seconds, sign up, and your policy kicks in right away. It’s that simple.
It’s even easier if you’re already a member of the HODINKEE Community and are already managing your collection in your profile. You can add watches directly to HODINKEE Insurance from your virtual collection, eliminating even more steps of the process.
So what happens once you’ve got a policy? What if you want to add a new grail that you finally picked? And what about removing that old piece you had to sell to make the grail happen? You can add and remove watches from your policy at any time, again right from the app or computer. If your premium ends up dropping, we refund you the balance, so you never have to worry about overpaying.
From the beginning, one of the keys to making HODINKEE Insurance a success was finding the right insurance partner, and we knew quickly that Chubb was the perfect partner for us. They’ve been in the property and collector insurance space longer than some watch manufactures have been creating watches.
In addition to their claims department being available 24/7 in case you do suffer a loss, HODINKEE Insurance and Chubb will offer investment protection, which means each of your watches is protected up to 150% of its insured value, up to the total value of your policy. So if that vintage Speedmaster jumps in price after an important auction, you don’t need to worry about updating your policy. It’s protected at its new market value, right away.
Beyond this, there is no deductible with HODINKEE Insurance, and you are covered in case anything happens to your watch anywhere in the world.
We’re also bolstering this with additional help directly from the HODINKEE team. We’ve now got our own licensed insurance agents who will be available to answer any questions you might have. Like I said, we always imagined this as being insurance by watch collectors, for watch collectors, so you can have a conversation with someone who actually knows what a Calatrava is and why you want to keep yours safe.
HODINKEE Insurance is available right now and is open to anyone with a United States address (sorry to everyone in our international community – we’re working on it!). Traditional insurance is a headache, but it doesn’t have to be that way. HODINKEE Insurance is here to help, and we can’t wait to hear what you think of it.
Please let us know what you think of HODINKEE Insurance down in the comments below. We want to make this the best insurance in the world for watch collectors, and we plan on growing and evolving what we can offer over time.
Click here to check it out and get a quote!