A watch appraisal for insurance is an official valuation of your timepiece, determining its replacement or market value. This process ensures your watch is adequately insured in case of theft, loss, or damage. Appraisers assess factors like brand, condition, materials, and craftsmanship. A detailed, written report is provided, which serves as proof of value for your insurance provider. It’s crucial for high-value or rare watches to have accurate appraisals to ensure proper coverage.