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Wondercare is a licensed and authorized insurance platform founded by Kevin O’Leary and a team of experienced insurance professionals. It’s designed to simplify personal property insurance—especially for luxury watches.

Wondercare is directly integrated with Chubb Insurance, a global leader in high-net-worth coverage.

A typical homeowner’s policy is designed to protect your home and its contents, usually limiting coverage of watches to a maximum amount, typically $5,000 or less. So if your watch costs more than that, you won’t be able to replace it with a similar item.

If you claim a watch loss on your home insurance, it can affect the overall cost of your home insurance because everything is grouped together on one policy. Having a separate valuables policy preserves your home insurance premiums should only your watches be affected.

No, this is a $0 deductible policy. Adding a deductible is not available.

If the market value of a watch covered on your policy has increased before a loss, we’ll pay the market value before the loss—up to 150% of your watch’s insured value. This is subject to the maximum amount of coverage of your watch collection. However, as each watch is unique and values fluctuate over time, we recommend periodically tracking and updating the market value of your watches so that you’re best protected.

It is important to note, if there is a single item on your policy, coverage is capped at the policy limit, without the 150% increased value. If there are multiple items in your insured collection, there would be coverage up to 150% of an item’s market value, up to the total policy limit.

For example—you have 5 watches totaling $100k in value. A $50k watch is stolen. At the time of the loss, the market value of the stolen watch has increased to $70k, which is within 150% of scheduled value, you would be compensated at $70k.

You need some form of proof of ownership and value, that could be an appraisal or that could be a receipt from your purchase of the watch. Note that if the watch gets reappraised and the value goes up or down, you can adjust the valuation yourself within the Wondercare dashboard.

Yes. From your dashboard, you can add or remove watches, update watch valuations, update billing or contact info, submit and manage claims.

For more complex changes, the Wondercare support team is available to help.