[Stryke]

Genius, I have my watches on my homeowners as well as a rider. First of all, NY is more expensive on jewelry insurance than CA. Secondly, it comes to about 3% of total value so $60,000 of watches is $1,800 a year to insure. It depends also on the type of insurance you want. If you want the watches insured in the house in case of break-ins it would be around 1-1.5% of their value. If you want them insured worldwide for theft or loss (as I have them insured) it comes to 3% per year of total value. It's not one watch that I am insuring, it's a few of mine and a few of my fiancé's.

P.S. "equity 50 times (at least) your watch collection"

What a childish statement! I would sure hope that if you own a Porsche your equity is higher than my watch collection. What the hell does total equity have to do with my watches? What are we comparing our assets now? This whole thing started when I said I can't believe how someone would buy a Porsche and then be shocked that it is actually expensive to maintain compared with other everyday cars.