Watches are more than just timekeepers; they’re statements of luxury, wealth, and, sometimes, an over-the-top display of disposable income! Imagine strapping on a watch worth millions, like wearing a miniature mansion on your wrist. But when a watch costs more than a housing estate (or an entire diamond mine), you need serious insurance to keep that baby safe. So, let’s dive into some of the world’s priciest watches and talk about how you’d insure them. Because, while you might not yet be the proud owner of a watch with more diamonds than a disco ball, you can still insure your prized portable possessions with King Price.
Patek Philippe Grandmaster Chime: R565 million
With 20 complications (yes, that’s a lot of features for a watch) and 2 dials, this Patek Philippe masterpiece enters the list at a cool R565 million. For context, that’s roughly the price of a private jet, or half a skyscraper, depending on the city. A timepiece like this deserves not only admiration but insurance that would make a banker blush.
Graff Diamonds Hallucination: R1 billion
If the name ‘Hallucination’ doesn’t say enough, maybe the price will. Covered entirely in rare, coloured diamonds, this watch is a rainbow on the wrist. It’s dazzling and luxurious, and it makes a very bold statement that says, ‘Please, don’t lose me’. You’d need super-serious insurance for this 1 and maybe a private security team as well.
Breguet No. 160: R547 million
Originally designed for Marie Antoinette, this historic timepiece is a marvel of elegance and engineering. With materials like gold and intricate mechanisms, it’s a wrist-sized treasure that absolutely needs specialised insurance. Otherwise, your descendant’s inheritance might go straight out the window.
Chopard 201-Carat Watch: R455 million
Diamonds galore! With 874 diamonds, the Chopard 201-Carat is practically a wearable vault. You don’t just buy this watch; you protect it with insurance that covers it on the off chance someone mistakes it for a snack.
Jacob & Co. Billionaire Watch: R328 million
As its name suggests, this watch is a billionaire’s best friend, encrusted with 260 carats of emerald-cut diamonds. It’s the kind of bling that could stop traffic… And maybe your heart if something happened to it. Only the most robust insurance will keep this treasure safe.
What insurance covers watches like these
Insuring watches worth millions is no small feat. You’d need tailored insurance with sizeable limits, often as part of a high-value insurance policy that includes theft, damage, and even mysterious disappearances. Insurance for these items typically includes ‘all-risk’ protection but at a premium rate that matches the watch’s value. For those of us who aren’t exactly royalty, you can still get portable possessions insurance and royal service for the valuables you love.
While we don’t all own watches that cost more than a Ferrari, we still want to protect the wearable items that matter to us. That’s where King Price’s portable possessions insurance comes in! It covers your specified valuable items, from watches to laptops, against theft, loss, or damage, and you’ll be pleasantly surprised by the affordable premiums. So, go ahead, insure your favourite belongings with the king, and rest easy knowing you’re covered. You may not own a R547 million watch, but at least you can have peace of mind.
Click here or WhatsApp us on 0860 50 50 50 for a commitment-free insurance quote.
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Psst… This blog provides general info only, and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here.
Our website T’s and C’s can be found here.
