4 days ago
European Watch Company forges insurance partnership with Chubb
The European Watch Company (EWC), a specialist in luxury pre-owned timepieces, has joined forces with Chubb to offer insurance coverage for its clientele and their watch collections.
The partnership will leverage Chubb's digital insurance platform, Chubb Studio, to streamline the insurance process for EWC customers.
Under the new partnership, Chubb will underwrite a worldwide insurance policy for EWC clients, covering loss, theft, damage and mysterious disappearance without a deductible.
Coverage is based on the current market value of each watch, with annual adjustments reflecting market trends, the company said.
For watches valued below $100,000, no appraisal is required for insurance coverage and features claim settlement options including repair, replacement or cash compensation.
EWC CEO Joshua Ganjei 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.'
Chubb's policy provides full protection for the agreed insured amount and allows for claim payments of up to 150% of the policy limit in some cases.
Chubb Personal Risk Services digital consumer head Amy McNeece stated: '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.'
In May, Chubb and Zurich North America, in collaboration with National Indemnity Company, established a new excess casualty insurance facility for large corporations.
"European Watch Company forges insurance partnership with Chubb " was originally created and published by Life Insurance International, a GlobalData owned brand.
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