Kobe Bryant, the famous NBA star once remarked that “everyone looks at your watch and it represents who you are, your values, and your personal style”. Watches today aren’t just timepieces, they are style statements that define your personality. This means that a lot of intricate design and sophisticated engineering goes into the making of a good wristwatch. While this is what makes your prized watch an item to treasure, it also renders it fragile and liable to getting damaged or stolen. This is why Finserv MARKETS brings to you, Tata AIG General Insurance’s Watch Insurance plan.
The Watch Secure wristwatch insurance plan offers insurance coverage of up to Rs. 25,000 for a premium of just Rs. 549.
Protect your wristwatch against a number of unforeseen circumstances such as loss, theft, accidental damage, natural calamity, etc.
Repair or replacement on account of accidental damage to your wristwatch is covered under the Watch Secure wristwatch insurance plan. Please note that you must be in possession of the watch at the time of the incident of damage for the insurance cover to be applicable.
The cost of replacement on account of theft is covered by the Watch Secure plan subject to the maximum sum assured under the plan.
The Watch Insurance plan covers you in case of damage to your watch from fires, explosions, or natural or manmade disasters such as floods, earthquakes, riots, etc.
Mechanical objects suffer a certain amount of natural wear and tear with use and time, and any damage/defects arising out of such wear and tear are not covered by the Watch Insurance plan.
Damage to or loss of the wristwatch arising out of deliberate misuse, reckless or unintended use, or mishandling of the wristwatch is not covered under the Wristwatch insurance plan.
Mechanical or electrical failure not due to accidental damage is not covered under the Wristwatch insurance plan.
Purchasing the Watch Insurance plan is a simple process.
Visit our website and go to the Pocket Insurance and VAS products page
Select Watch Insurance Plan and click on Buy Now
Fill out the full details required in the online application form
Once the application is complete, make the premium payment and you’re good to go now
To claim your insurance benefits in case of accidental loss or damage to your watch, simply call our toll-free number 1800-266-7780 or 1800-22-9966 (for senior citizens only) and provide your plan details.
Alternatively, you may SMS ‘claims’ from your registered mobile number to 5616181.
Tata AIG General Insurance is the insurance provider.
You will need to provide the duly filled and signed claim form, invoice/bills of the watch, copy of FIR in case of theft, or copy of fire brigade report in case of damage due to fire. Other documents may be required on a case-to-case basis.
No, unless your car was securely locked with all doors and windows closed, theft from inside a car is not covered.