Is it time to get your Rolex valued?
Some of Rolex's most popular models, like the Submariner, Daytona and GMT- Master II models. Are currently subject to a waiting list. What does this mean for you, if you own one of these models and your watch was lost or stolen?
This means if your Rolex watch is lost or stolen, it may be subject to a waiting list before it can be replaced; the waiting lists of different models vary from months to years!
How do we approach a Rolex Valuation if the model is on a waiting list?
If your watch is on a waiting list, it would be unreasonable to expect a long wait to replace your lost or stolen item; the valuer will look at the second-hand and watch dealer’s market to obtain a second-hand replacement value. The condition of the watch and whether you still have the original box and paperwork are all taken into account. Given the lack of availability of certain models on waiting lists, they often sell for well above stated retail value.
For a Rolex model on a waiting list a valuation on a second-hand basis ensures you will be fully covered in the event of a loss. It also ensures any subsequent claim can be processed in a timely manner.
For more information about our Rolex Valuation service, please email us.
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