Thread: Watch Valuation
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Old 24.06.2022, 14:55
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Re: Watch Valuation

I don't really understand why we can't have agreed value contracts.

Insurance company should calculate the risk of the asset, define a % premium, and then let's agree together on the value of it and I'll pay you the premium.

Insurance can always not agree on gigantic values (like 100k for a steel Submariner), but what's the difference to them if it's 10k or 20k? Double the damn premium, request the necessary risk mitigation measures (alarms, safe, PMC mercenaries, whatever it might be) and move on with your life.

I understand 99.9999% retail insurance is just looking for the cheapest product out there, so insurers just squeeze valuations down to keep premiums competitive and protect their margins, but if you have a customer that will gladly pay a premium, I don't understand why they won't just take it...
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