European Watch Company (EWC), an American luxury watch retailer specialising in high-end timepieces, has partnered with Chubb to introduce an exclusive insurance offering designed specifically for watch collectors.
The partnership aims to provide EWC’s clientele with enhanced worldwide insurance coverage for their valuable watch collections, according to InsurTech Insights.
This collaboration addresses the need for bespoke protection solutions tailored to the unique risks faced by luxury watch collectors, including loss, theft, damage, and mysterious disappearance.
European Watch Company curates and sells luxury watches, serving collectors who value craftsmanship and investment potential in their timepieces. Chubb, with extensive expertise in personal risk services and insurance, offers customised protection plans for high-value assets worldwide, ensuring clients receive reliable coverage suited to their specific needs.
Through this partnership, EWC clients will gain access to insurance coverage calculated on the current market value of each watch, simplifying the process by eliminating the need for appraisals on pieces valued under $100,000. This streamlined approach delivers peace of mind to collectors, who can protect their investments without cumbersome paperwork.
This collaboration responds to a growing demand within the luxury goods sector for risk solutions that combine exceptional service with robust protection. It underscores the importance of safeguarding both the financial and emotional value held in luxury timepieces.
Joshua Ganjei, CEO of European Watch Company, said, “Every day, we hear horror stories of entire collections being stolen, and we wanted to provide our clients with an ironclad way to protect their investments. Luxury watches are more than just timepieces; they represent history, craftsmanship, and an investment asset. With Chubb’s expertise and our dedication to the watch collecting community, we are offering a level of insurance protection that truly matches the importance of these pieces.”
Amy McNeece, Head of Digital Consumer for Personal Risk Services at Chubb, added, “At Chubb, we understand the excitement and care that go into acquiring new jewelry and timepiece treasures. We are pleased to collaborate with European Watch Company to provide their clients with insurance coverage designed to help protect and safeguard their cherished collections from the unexpected.”
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