“Every timepiece is a masterwork of engineering. As watch enthusiasts, we created WAX coverage to respect their intricacies and honor the horological craft.”
— Angel Garcia, Customer Success Lead
Why watches need specialized coverage
Portability and theft – Fine watches are small and easy to steal, making them prime targets for burglary and opportunistic theft.
Mechanical complexity – High‑end mechanical movements can be damaged by drops, magnetism, or improper servicing. Replacement parts may be scarce or discontinued.
Water and environmental damage – Vintage pieces often lack water resistance. Even moisture, humidity or extreme temperatures can corrode metals or degrade gaskets.
Transit exposure – Most damage and disappearances occur while shipping watches for servicing, trade shows or private sales; standard shipping insurance is based on weight, not value.
WAX Collect’s watch coverage
A WAX watch policy provides worldwide, all‑risk protection for both vintage and modern timepieces:
High limits and agreed values – Schedule individual watches or insure a blanket collection. WAX pays the agreed value or current market value (up to 150 % of agreed value) to reflect appreciation.
Worldwide transit coverage – Nail‑to‑nail protection for shipment to service centers, auctions or private sales. Coverage applies whether you use FedEx®, armored carriers or hand carry.
Automatic coverage of new pieces – Newly purchased watches are covered immediately up to 25% of the category limit; simply notify WAX within 90 days to update your schedule.
Claim separation – Claims won’t affect your homeowners insurance.
Expert valuation and repair – WAX partners with watchmakers, auction houses and authorized service centers to ensure proper valuation and restoration. If a vintage chronograph can be repaired, WAX pays for authentic parts and certified watchmakers.
Real‑World Case Study
A collector wore their vintage chronograph to a wedding, where it was discreetly stolen. WAX reimbursed its full auction value and connected them with dealers to source a comparable replacement. Another watch enthusiast knocked a box of watches off a shelf; their WAX policy covered the repairs and polished out scratches. In contrast, an uninsured watch lost in a burglary was reimbursed only at minimal personal property limits.
Tips for collectors
Keep documentation – Maintain purchase receipts, certificates, service records and photographs. Provenance increases value and eases claims.
Invest in storage – Use a safe, watch winder and humidity‑controlled environment to mitigate theft and environmental risks. Consider a bank safe deposit box for particularly rare pieces.
Service regularly – Mechanical movements need periodic lubrication and inspection. Document service dates and watchmaker details.
Ready to protect your collection?
Collectors can request a quote in minutes through WAX’s digital platform, and brokers can contact us to design policies for high‑end timepieces.
