Insurance question: my Pelagos is itemised on my house insurance, I paid £3300 a couple of years ago (RRP) and that is the stated value.
I recently noticed they are now £4300 RRP.
If the worst was to happen, would my insurance company supply a new watch, or give me 75% of the cost to replace?
Or do I update the value next time I renew my insurance?
I always used to get a new value from the Local AD for I sure on my Breitling Navitimer having bought it for just under £3k in 2004 and then by the time I sold it they were new £7k ish
Insurance question: my Pelagos is itemised on my house insurance, I paid £3300 a couple of years ago (RRP) and that is the stated value.
I recently noticed they are now £4300 RRP.
If the worst was to happen, would my insurance company supply a new watch, or give me 75% of the cost to replace?
Or do I update the value next time I renew my insurance?