Richard Mille Insurance.

The Richard Mille brand name was first established and launched in 1999 though the first watch was not released until 2001. Founder, Richard Mille is a designer who brought extensive experience from the luxury market having worked for a boutique watchmaker in France before working at Matra and Mauboussin. He has been supported by Swiss luxury watchmaker Audemars Piguet, a minority shareholder in the Company.

A Brand With a Fine Watchmaking Heritage.

The RM 001 Tourbillon, was the first model to be released and was the core reason why Mille established his own brand and manufacturing process in the first place.

The RM 001 Tourbillon was positioned as the watch equivalent of the Ferrari and boasts many innovative engineering and design features. The initial seventeen watches released as part of this collection sold out instantly and started the Richard Mille journey towards becoming one of the most innovative, creative, and luxurious brands on the market.

Man in suit looking at his Richard Mille watch

Specialist Richard Mille Insurance.

Elevate is a small, boutique brokerage that dedicates time to engaging with our clients to understand their circumstances and present their information to our panel of insurers who specialise in insuring high-value watches, jewellery, artwork, and exclusive homes. With each renewal, we meticulously reassess the market to ensure you receive the appropriate coverage and the most competitive price; we refrain from just sending renewals from the current insurer.

Man in smart shirt wearing a Richard Mille watch

We are an independent specialist insurance brokerage with a highly skilled team that has been providing Richard Mille Insurance for over 20 years.

About Richard Mille Watches.

The complex manufacturing process and craftsmanship only allow for circa 5000 watches to be made every year.

There are 3 more iconic models, the RM 001 Tourbillon, the RM69 Erotic Tourbillon released as a limited collection of just 30 timepieces and the RM 27-02 Rafa Nadal, designed for the sports market and endorsed by Nadal himself.

Some famous owners of Richard Mille watches include Rafael Nadal, Pharrell Williams, Sylvester Stallone, and Margot Robbie. The typical price range for a Richard Mille is £150,000 to £2m.

The more widely sold models include;

  • Richard Mille RM055 Bubba Watson White Ceramic Watch
  • Richard Mille RM 63-02 Automatic Winding Worldtimer Watch
  • Richard Mille RM 67-01 Skeleton Arabic Rose Gold Watch
  • Richard Mille Tourbillon Pharell Williams RM 52-05 Watch

Insurance Solutions Trusted by Many High-Net-Worth Clients.

Elevate is a specialist insurance broker who assists over 1300 clients to protect their homes, jewellery, watches, art and cars. Speak to our friendly experts to discuss your requirements.

Collection of Rollex watches in a box

Specialist Richard Mille Insurance Generally Includes.

  • Theft or loss
  • Accidental damage cover
  • Worldwide protection
  • Usually integrated into a high-quality home insurance policy
  • Immediate cover
  • Specialist input on security and safes
  • Original manufacturer repairs
  • An agreed value for the watch
  • Annual or monthly payment
  • A dedicated 24/7 client manager

Richard Mille Insurance FAQs.

What type of insurance do I need for Richard Mille?

It’s usually cheaper and better to insure watches as part of a prestige home insurance policy as having two different policies creates duplication. Furthermore, if you buy multiple watches, individual watch insurance policies (plus your home insurance) become very expensive.

How much does it cost to insure a Richard Mille?

The most common factors that impact the cost of insurance for a Richard Mille watches are;

  • The details of the owner
  • The purchase price of the watch or its current valuation
  • When, where and how often it’s worn
  • Where and how it’s stored including security details

Can I insure watch collections?

Collections are better consolidated within an integrated prestige home insurance policy so that factors like security, combined sums insured, and usage patterns can be evaluated comprehensively, rather than each watch having a separate cover, which may prove inefficient or inconsistent.

How do I insure a classic or rare watch?

At Elevate, we can arrange insurance for classic, rare and vintage watches including watches with a value in excess of £1m.

What are the typical exclusions for watch insurance?

Wear and tear, cosmetic damage, and theft or unexplained loss of watches left unattended would be excluded. Additionally, there may be other restrictions concerning where or how the watch can be worn or stored.

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Talk to our friendly team of experts.

If you prefer, please provide us with an outline of the cover required in the contact form here, and we will call you back.

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Luxury Watches We Insure.

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Our Commitment.

We treat all of our clients as individuals. We have time to talk, we listen and understand what you need. We are here for clients throughout the insurance process, arranging customised cover, adapting policies as things change, reviewing the market every year and supporting them with any claims. Your personal advisor is available on a direct dial.

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If you’d like to talk to a human, call us on 01933 830400 during 9 am - 5 pm weekdays.