Luxury Watch and Jewelry Insurance Partnership: Chubb and European Watch Company Team Up for Exclusive Coverage

European Watch Company has partnered with Chubb to offer luxury watch and jewelry insurance. Chubb's global coverage protects against loss, theft, damage, and mysterious disappearance, with no deductibles and flexible claim settlement options. The policies are underwritten by Chubb and based on the market value of each timepiece. The partnership aims to provide unparalleled insurance protection for luxury watches and jewelry.

European Watch Company (EWC), a specialist in luxury pre-owned timepieces, has announced a strategic partnership with Chubb, one of the world's leading insurance providers. This collaboration aims to offer unparalleled insurance protection for EWC clients' valuable watch collections.

Under the partnership, Chubb will underwrite a comprehensive insurance policy for EWC clients, providing global coverage against loss, theft, damage, and mysterious disappearance, with no deductibles [1]. The policy is designed to protect high-value watches and jewelry, with coverage based on the current market value of each timepiece, adjusted annually to reflect market trends.

One of the key features of the new insurance offering is the elimination of appraisals for watches valued below $100,000, simplifying the insurance process for EWC clients [1]. Additionally, the policy includes flexible claim settlement options, allowing policyholders to choose between repair, replacement, or cash compensation for losses [1].

Chubb's digital insurance platform, Chubb Studio, will streamline the insurance process, promoting a seamless experience for EWC customers and enabling speed-to-market capabilities and specialized support [1]. For collectors with high-value collections, Chubb offers premium discounts based on the security measures used at home and while traveling [1].

The partnership highlights Chubb's commitment to excellence and superior customer experience, aligning with EWC's reputation for trust, integrity, and best-in-class service [1]. "Luxury watches are more than just timepieces; they represent history, craftsmanship, and an investment asset," said Joshua Ganjei, CEO of EWC. "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" [2].

Amy McNeece, digital consumer head at Chubb Personal Risk Services, expressed her pleasure in collaborating with EWC to provide insurance coverage designed to protect and safeguard cherished collections from the unexpected [2].

This partnership underscores the growing demand for specialized insurance solutions tailored to the luxury watch and jewelry market. As EWC continues to expand its client base, this collaboration with Chubb promises to enhance the company's offerings and provide greater peace of mind for its clients.

References:
[1] https://www.marketscreener.com/quote/stock/CHUBB-LIMITED-3860961/news/European-Watch-Company-Partners-with-Chubb-to-Offer-Insurance-Protection-for-Luxury-Timepieces-and-J-50157907/
[2] https://finance.yahoo.com/news/european-watch-company-forges-insurance-105850561.html