Went into an insurance centre and tried to get some of my watches being insured. Since some watches can be really expensive, it makes sense to insure them if one is wearing it regularly.
It's most unfortunate that there is a lot of people who doesn't understand one's passion for watches. So when I told the lady I was going to get the watch insure...she asked me why buy something when you're so scare of losing or damaging it in the first place?
I do truly understand why she asked because she wasn't the first. If I have to put it into perspective for her, why would people still demand for diamonds after watching the movie "Blood Diamond"? (and unlike watches, human's lives were at stake when "Blood diamonds" are involved) I guess that can only be explain that human can be ignorant if they choose to be.
Anyway, I simply told her it's a status symbol for people who have serious passion for watches and some people just admire the beauty and workmanship of fine time telling mechanism which is not as uncommon as she thinks. There are wealthy collectors who spend significant amount of money in watches and most likely keeping them as heirloom or collection.
If you're a serious watch collector, you will share the same frustration when a person tells you that you are wasting money on watches; better off buying a property or a car. First of all, when a person purchase a watch more expensive than their sports car...it's most likely, he/she already has got everything they need in life (material strictly speaking); another property or car won't give them much satisfaction.
In terms of the accuracy of time, yes, mostly a mobile phone does the job well enough or you will have friends telling you time (if you're a social butterfly). But try looking at you mobile phone during a board meeting, a secret meeting, at an examination or even attending one of the live TV performance show...your phone would have either offended someone or being confiscated.
Best of luck to those of you who still cling onto your phone for time telling...because to me a phone does it best by connecting people and other features are just secondary.
