Watches are expensive accessories and priced collectibles for many people. Many of the watches are antique or passed down as family heirlooms. Such high-end watches can be costly to repair or replace if damaged, lost, or theft.
Thus, to safeguard your finances against accidents, burglary, or unforeseen events, buy a Watch Secure Insurance policy by CPP on Bajaj MARKETS at a minimal fee of Rs.499 for a year. Scroll down to learn more about the crucial aspect of watch insurance cover.
Here is why having a Watch Secure Insurance is essential:
Apply for Watch Secure Insurance seamlessly. Just follow the below steps:
And it’s done! Your watch is now covered. You will receive all your membership details on the registered email/WhatsApp.
The Watch Secure Insurance plan includes:
Get financial coverage if you lose your wristwatch due to theft or burglary.
This plan covers loss or damage to your wristwatch due to fire, lightning, or explosion. It also covers damages due to man-made or natural disasters such as riots, cyclones, strikes, and more.
Get coverage of replacement or repair expenses up to the maximum sum assured value if your watch is damaged accidentally in your possession.
Here are some of the essential details of the watch insurance:
Insurance coverage of up to Rs. 40,000 at a premium of Rs. 449 and complimentary accidental coverage of up to Rs. 15,000.
Following are the exclusion of the Watch Secure plan:
The plan does not provide any benefits if the damage happens due to wear and tear or maintenance.
If the damage takes place due to mechanical or electrical failure the expense will not be covered under the plan.
Any expenses incurred due to consequential loss or damage, will not be covered under the plan.
Note: You can only buy the best watch insurance policy for watches that are not older than a year as per the invoice date.
To register your Watch Insurance claim, follow the method mentioned below:
For watch-related claims, call on 18002667780 or SMS ‘CLAIMS’ to 5616181. Senior citizen plan holders can call on 1800-22-9966.
Here is the list of documents that you need to submit when raising the claim request:
Bill copy or invoice of the insured item
Claim intimation report within 24 hours
Travel safe membership letter
Filled up the claim form
No, unless your car was entirely locked from inside and the windows are closed, theft from inside the vehicle is not covered under the watch insurance policy.
Yes, you are eligible to avail the facility of instant card blocking and emergency travel assistance with Watch Secure. So, make sure to carefully read the policy brochure to know more about the policy details.
CPP is the provider of this insurance policy. You can find this exclusive plan on the Bajaj MARKETS website under Pocket Insurance & VAS category.
The policyholder is required to provide the appropriately filled claim form, invoice/bills of the watch, a copy of fire brigade report in case the damage is due to fire, an FIR copy in case of theft. Other additional documents are required depending on the incident.
The things that are not covered under this policy includes -
Electrical or mechanical failure
Gradual operating costs