I REPORT MY ROLEX WATCH LOST DURING A VACATION AND THE INSURANCE COMPANY PAID ME. NOW 6 YEARS LATER I FOUND THE WATCH DO I HAVE TO REPAY THE INS CO.

UPDATED: Aug 24, 2012

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UPDATED: Aug 24, 2012Fact Checked

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Aug 24, 2012

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

UPDATED: Aug 24, 2012

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

UPDATED: Aug 24, 2012Fact Checked

When you lost your Rolex watch and reported it to the insurance company and they paid you for the value of the watch, the watch would now belong to your insurance company. Even though you could use the money, if you try to sell the watch and it is traced back to you, you could be facing a fraud charge and the insurance company could cancel you as well as criminal charges being filed against you.You should call your insurance company and tell them you found the watch. They will not ask you for your money back, but will probably ask for the watch to be returned so they can possibly sell it to recoup the money they paid to you. It is possible they will not want the watch back, due to the time involved since it was originally reported lost and now. However, you should tell them you found it and let them decide how to proceed.

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Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

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