Finder makes money from featured partners, but editorial opinions are our own.

Watch insurance 

Find the best watch insurance for you. Here’s a bunch of Australian insurers to choose from.

I want to cover my watch only Get jewellery insurance
I want to cover my watch and a few other things Get contents insurance

Watches can be invaluable in both sentiment and cost, so you want to make sure you safeguard yours the best you can. While you can't protect the sentimental value of your watch, you can protect its actual value with insurance. This guide will run through a few insurance options available to cover your much-loved timepiece.

What is watch insurance?

Watch insurance is a type of insurance designed to protect the value of your watch by replacing it or repairing any damage. Insurance for your watch can be found in many ways, such as through home insurance, contents insurance, single item insurance or specialist watch insurance.

What are my watch insurance options?

Contents insurance
A contents insurance policy is a type of home insurance that protects your belongings (contents within your home), including jewellery and watches. It automatically covers watches up to a certain limit. If the value of your watch exceeds this amount, you can always add more cover for specified personal effects. You might also want to add on portable contents cover so that your watch is covered outside of your home.

Home and contents insurance
Cover works in the same way as contents insurance; however, you get the benefit of protecting the physical structure of your home as well. This is mainly useful if you already have a home and contents insurance policy. You may have cover and not even know it, so it's best to check. While you're at it, check to see if you're happy with your home insurance premium – if not, it might be time to switch.

Single item insurance
If you don't own anything else of huge value and you want cover for your watch only, single item insurance could be the right option for you. It says it all in the name, you insure specific items only. Make sure you compare it to the cost of other insurances though since you might get better value out of a home insurance policy.

Specialised jewellery and watch insurance
There are a few insurers out there, like Q Report and JewelCover, that specialise in insuring jewellery and watches. You'll probably have to pay a little more for this specialised insurance since it also offers things like valuations of your watch and the ability to choose your own jeweller if your watch needs replacing or fixing.

Get insurance for your watch through jewellery insurance

Name Product Loss and Theft Cover Damage Cover Cover outside of Australia Additional Cover Agreed Value Cover
JewelCover Jewellery Insurance
Q Report Jewellery Insurance

Compare contents policies to get watch insurance in Australia

Consider taking out contents insurance to protect your watch. Compare benefits and features, then get a quote (or multiple!) directly from a home insurer. Make sure to compare policies so you get the best price for you.
Name Product Watches Jewellery Portable Contents Cover Accidental Damage to Home or Belongings Fire, Storm & Theft Damage Online Discount
Budget Direct Contents Insurance
Our verdict: The most popular insurer on Finder, Budget Direct prioritises low-cost cover and gives you 15% off your first year. You need to pay extra for flood cover and accidental damage.
Youi Contents Insurance
Best Rated Brand
Youi Contents Insurance
Our verdict: Finder’s 2022 Insurer of the Year for Customer Satisfaction and our Top Pick for Fire Damage cover. It’s good if you want a tailored quote over the phone.
QBE Contents Insurance
Our verdict: It covers essentials such as fire and theft plus comes with some good perks such as security upgrades after a burglary and up to 10% off your first year.
Bendigo Bank Gold Contents Insurance
Our verdict: A good option if you want a well regarded brand. All come with automatic flood cover and let you pay monthly or fortnightly at no extra cost.
Honey Contents Insurance
Our verdict: Honey gives you $250 smart sensors to reduce accidents and estimates the value of your contents. It was also a finalist for the comprehensive category in the Finder Awards.
Seniors Top Contents Insurance
Our verdict: It covers accidental damage, unlike many others. Make sure you value your contents properly though – Australian Seniors don’t do underinsurance cover.
Kogan Contents Insurance
Our verdict: Good comprehensive cover (issued by QBE). Also, get a 12% discount off your first year plus $10 ongoing monthly credit. T&Cs apply.
Butter Accidental Damage and Theft Cover

Do you already have a home insurance policy?

You can always try to switch up your home and contents insurance to see how much you can save, while adding cover for your watch. Otherwise you can call your insurer and ask it to add cover for your watch on your existing policy.

How to find the best watch insurance in Australia

We can help you figure out how to get the best cover for your watch, but there's no one-size-fits-all insurance policy. You'll also need to think about what's going to be the best policy for your situation.

In our opinion, the best insurance policies for watches will have the following benefits:

  • Cover for wherever you are. Some policies may only cover your watch for when you're at home (but how often will you lose your watch at home?); it would be great to get a policy that will cover your watch outside of home, and sometimes even outside of the country.
  • Cover for the right value. If you really love your watch, get it valued so you can insure it for the right price. Don't forget to take depreciation into consideration as well.
  • Your choice of repairer. If you have a really expensive or valued watch, you may want to be able to choose who repairs it or replaces it.

If you're thinking about getting home insurance to cover your watch, it might be helpful to look at what makes the best home insurance policies as well.

What can watch insurance cover?

Specialist watch insurance and home insurance policies can provide cover for the following:

  • Accidental loss, damage or theft
  • Worldwide travel cover
  • Fire, flood or other weather event
  • Revaluation of your watch every year to match replacement cost
  • Cover for additional valuable items

Pros and cons

Weighing up the pros and cons can be a helpful way of working out if watch insurance is for you.


  • It can provide protection for an expensive item
  • It can be relatively affordable
  • Peace of mind


  • You may be covered by a watch warranty
  • You'll still have to pay an excess if you make a claim
  • You can get cover with home and contents insurance, which can protect a lot more

What it doesn't cover

All policies have exclusions. Your watch most likely won't be covered for the following:

  • Cleaning and renovations, e.g. for any damage caused by cleaning, alterations or repairs
  • Existing damage
  • Gradual deterioration
  • Breakdown
  • Wear and tear
  • Mould
  • Contamination
  • Dishonest or intentional acts
  • Confiscation, e.g. for any loss or damage caused by the confiscation of your watch by any government

Here's the bottom line

Whether you're happy to go with specialist watch insurance, or want to add portable item cover to your home and contents insurance policy, it's definitely worth protecting such a valuable item.

Why you can trust Finder's home insurance experts


We're free

You pay the same as buying directly from the home insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
expert advice

We're experts

We've researched and rated dozens of policies as part of our Finder Awards. We provide unique insights and our in-house experts regularly appear on Sunrise, 7News and SBS News.

We're independent

Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of home insurance brands, making it easier for you to find a good deal.

We're here to help

Since 2014, we've helped 150,000+ people find home insurance by explaining your cover options simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

Frequently asked questions

Picture: GettyImages

More guides on Finder

  • Bushfire Statistics Australia

    Stats and facts on bushfires in Australia.

  • Home insurance WA

    Learn about the unique risks that Western Australia faces and how to get home insurance that is right for your circumstances.

  • Flood insurance

    Most home insurers automatically cover floods but make sure you take out cover at least 72 hours before an event.

  • Honey home insurance review

    Honey home insurance is a startup that's doing things a little differently.

  • Laptop insurance

    Here are several contents insurance options that will protect your laptop anywhere you take it.

  • Home fire insurance

    Fire insurance will help you replace your home and everything in it if you lose it all to fire.

  • How much does home insurance cost in Australia?

    Discover what impacts the cost of home insurance and how to get the right protection with this handy guide.

  • Home insurance WA

    Learn about the unique risks that Western Australia faces and how to get home insurance that is right for your circumstances.

  • Bushfire insurance

    Compare policies that cover bushfires, including smoke damage and accommodation due to evacuation.

  • Storm damage insurance

    Protect your home against storm, flood and rainwater damage with the help of this comprehensive guide.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site