Category Archive : Lifestyle

3 Questions to Ask Before Buying A Pre Owned Watch

Are you someone who is looking to buy a pre-owned watch but don’t know what to expect? Buying luxury watches is a major decision that requires caution and due diligence. For this reason, you’ll need to do extensive research to avoid any surprises and ensure you’re getting the best deal.

As they say at Diamond Source NYC, “Always ask yourself the hard questions to ensure the watch you get is durable and reliable.” By keeping these factors in mind, you’ll be able to obtain a watch that best fits your lifestyle.

Today, we’ll discuss three questions you should ask before buying a pre-owned watch.

What Condition Is The Watch In?

No matter how careful someone is, wear and tear in a watch is inevitable. This makes testing and performing a thorough inspection of a watch a crucial step. Here are some great tips you can take to ensure any watch you consider is in the best condition.

Make Sure Movement Of Key Watch Parts Function Properly

The first step you should take is to see if the watch parts can still function properly. Perform tests on the crown to ensure it moves easily and clicks into place securely. Also, inspect these parts to ensure no stiffness or friction while turning the crown.

  • Data function
  • The hour and minute hands
  • Rotating bezels

You can also have the watch’s caseback opened. This allows you to perform a more thorough inspection of the watch’s overall functions. It also lets you see if the corresponding model and serial numbers are present.

Check For Scratches And Blemishes

It’s important to check for any blemishes or scratches on luxury watches. You’ll also want to check for any overpolishing on the watch surface. Some sellers use this practice to hide any damage that is present on the watch.

This can lead to a reduction of the watch’s value. You could also end up with a watch that doesn’t meet your expectations. That’s why you want to be proactive to ensure that any watch you consider is in the best condition.

Check The Condition Of The Dial

Does the luminescence on the watch’s dial appear like it’s fading or bearing a patina-like blemish? While this may not indicate timepiece function problems,  it can mean that the pre-owned watch is older than indicated.

Some great steps to follow are to check the index markers or for any missing numbers. You should also check the overall function of the dial. One key aspect to watch for is if the bracelet is fully articulated. There should be any links that are sticky or have friction.

Following these steps will help ensure that any luxury watches you obtain meet your expectations.

When Did The Watch Receive Its Last Service?

A recent service or a history of regular servicing is always a great sign as you invest in luxury watches. This is important considering that servicing a watch will likely set you back a fair amount.

One great step to follow is to ask for documentation in the form of an invoice.  This can provide great insights into how the previous owner took care of the watch. Any reputable dealer and watchmaker will ensure any pre-owned watch undergoes a rigorous inspection before listing it for sale.

How Reputable Is The Online Listing Of A Watch?

You should always remember that if you see a deal that looks too good to be true, it likely is. It may even indicate that the watch is a fake. If you’re going to spend thousands of dollars on a watch, you’ll want to be sure what you’re getting.

Here are some great tips on how to research the seller and obtain the best quality watch.

Check If The Seller Has A Reputable Online Presence

It’s recommended that you check for online reviews from past customers. Some great places to check for online reviews are the social media pages of sellers. You can also gain even more detailed insights about them on third-party review sites. These sources can give you a reliable impression of how they conduct their business.

You also should check if the seller uses a secure payment gateway with built-in fraud protection and security features. Stripes, eWay, and SecurePay are three great examples of those types of payment portals. Keeping these steps in mind will help ensure that the seller is legitimate and reliable.

See If They Offer Free And Secure Shipping

Always check to see if the seller offers free insured shipping with a clear process for returns. It’s also key to check the fine print and get familiar with the seller’s terms and conditions. A legitimate seller will also be transparent with regards to where their pre-owned luxury watches come from.

Check If The Dealer Lists The Condition Of A Watch

It’s important to check if the dealer includes the condition of a watch in their product listings. You can also use images of the watch to get a better picture of its condition. One great step you can take is to zoom in on each angle to get a more closeup view. If applicable, try to seek pictures of the box and papers. This will help ensure you’re getting a watch in the exact condition you expect.

Look To See If They Have A Showroom

If you’re someone who prefers to view the watch in person, you should check if the seller has a showroom. While many dealers have high res pictures of their watch listings, nothing beats viewing them up close. This gives you the best opportunity to perform a more detailed watch inspection. You’ll be able to see exactly what you would be getting before deciding whether to buy a particular watch.

Choose Luxury Watches That Bring You The Best Value

When seeking luxury watches, you always want to exercise extreme caution and perform extensive research. As Diamond Source NYC recommends, “Seek watches from trustworthy dealers who will provide you with the best value.” By asking the right questions, your investment in a high-quality, pre-owned watch will be worthwhile.

What Does Veterinary Disability Insurance Cover?

You’ve worked hard to earn your DVM and start a career caring for animals. You probably envision practicing veterinary medicine until it is time to retire, but what if life has other plans? Just as each day working as a vet is unpredictable, the unpredictability of life is exactly why you need disability insurance for practicing veterinarians.

What is the Purpose of Disability Insurance for Practicing Veterinarians?

Everyone understands life insurance, it’s easy. Upon death, the insured person’s benefits get paid out to their beneficiaries. It’s a way to continue providing for loved ones after you are gone. But disability insurance is more difficult to understand. With waiting periods, riders, differing coverages, and meeting qualifications, it can be very confusing.

Simply put, disability insurance protects your income if you should become unable to work due to an unexpected health problem or injury.  A permanent disability can be emotionally and financially devastating and can force you into an early retirement you were not prepared for. But permanent disability isn’t the only concern. A temporary injury or illness may disrupt your income stream—and that of your staff—for several weeks or months.

Just a few weeks of missed or reduced appointments could cause you to fall behind financially.  Disability insurance can protect you, your practice, and your employees.

Short-Term or Long-Term Disability Insurance Coverage? 

The first decision to make is whether you want to purchase a short-term insurance policy or a long-term plan. Short-term disability insurance provides benefits for up to six months. Vets looking for coverage during maternity leave or a debilitating but short-term health crisis might opt for short-term disability insurance. It can make good financial sense if you don’t have enough savings to take you through a planned disability. 

In most cases, veterinarians choose long-term disability for the most protection. When planning for long-term coverage, you can customize your policy to meet your personal and professional needs. 

Selecting Coverage Options  

Exactly what disability insurance covers depends on your individual policy. In general, even a basic policy will replace a large portion of your income, allowing you to cover living expenses like mortgage and car payments and some work-related bills. Riders or “add ons” you might also consider for broader coverage include:

  • Future Purchase Option—This rider is typically purchased by students still in veterinarian school or new vets just starting their practice. It enables you to purchase more coverage at a later date without going through the process of underwriting again.
  • Business Overhead Expense – If you own or are a partner in your practice, a business overhead expense rider will help you cover monthly business expenses while your illness/injury continues to impede your ability to work.
  • Benefit Guarantee – The benefit period for your policy may have a set timeframe of only five or ten years. After that time, the policy is expired unless you select a benefit guarantee to age 65. With this rider, you will be protected throughout your entire career, not just a few years.
  • Student Loan Protector — This rider specifically provides money to continue making student loan payments if your income decreases because of disability. 

For more information about what disability insurance for veterinarians does and doesn’t cover and how to choose the policy that works best for you, contact us to request a quote or schedule a free consultation.