WAX Collect Launches WAX Flex™, the First Modular Watch Insurance Solution Tailored to How Collectors Collect

NEW YORK, NY, November 13, 2026. WAX Collect, the InsurTech focused exclusively on luxury assets and collectibles, today announced it is becoming a specialty managing general underwriter (MGU) with the launch of WAX Flex™, its first product built from the ground up. For watch collectors, WAX Flex is the first modular watch insurance solution, letting them tailor key components of their coverage to their own risk tolerance and budget, whether a collection is worn daily, traveled with or kept in a safe. It arrives alongside WAX Classic™, the comprehensive option, so collectors can choose, or combine, the protection that fits how they collect.

Watch collectors rarely have one kind of risk. A daily wearer, a watch that travels and a grail that stays in the safe each carry a different exposure, yet specialty insurance has long treated them as one package: the same coverage, the same payout and the same price. WAX Flex changes that. Watch collectors can shape their coverage options, and see exactly how each choice affects their premium.

"Watch collectors live with their pieces, and no two collections carry the same risk," said Rich Vinhais, CEO of WAX Collect. "We spent five years listening to collectors, and one truth stood out: even the most serious collectors are price sensitive and want optionality. They want to invest in their next piece, not their premiums, yet they will never compromise on protection against what they fear most. WAX Flex is our answer. It keeps the same rigorous protection against theft, damage and natural disasters, and puts the savings back in the collector's pocket. They can save more through the coverages they choose and the discounts they unlock by insuring multiple categories, because collectors collect widely over a lifetime. WAX Classic remains our comprehensive, end-to-end coverage. Together, they give collectors full control to protect their collections at the level of risk they are comfortable with."

Built Around the Collector, Priced for Value

Collectors save by paying only for the coverages they choose.

Three levers make that possible:

• Optional add-ons. Choose whether to include Checked Baggage and Unattended Auto coverage, and pay only for the risks that apply.

• Market-value protection. If an item has appreciated since it was scheduled, collectors can choose a payout of up to 100%, 125%, or 150% of its scheduled value, up to its documented market value at the time of loss, and subject to class limits.

• Multi-category discount. Insure up to three collecting categories with WAX and the rate improves.

Collectors who travel with their watches can add Checked Baggage coverage, and those who want protection while a piece is in an unattended vehicle can add Unattended Auto coverage. Collectors who need neither can leave them off. Optional coverages are available on schedules of three or more items.

Flex is written on surplus lines paper backed by an AM Best A+ (Superior) rated carrier partner, with agreed value and worldwide coverage. Collectors who qualify can also pair WAX Flex with WAX Classic, which includes every protection by default. Both are excellent solutions, and collectors choose one or combine them based on their collection and the lifestyle they lead.

For many collectors, protection does not stop at the collection. WAX also offers commercial insurance for retailers, dealers and marketplaces. Many WAX collectors are business owners, physicians, attorneys and other leaders who asked for help protecting the businesses they are part of, so the company invested in the platform and carrier partnerships to deliver it. WAX is proud to protect both the collectors and the businesses that make collecting possible.

About WAX Collect

WAX Collect is the InsurTech and specialty MGU focused exclusively on luxury assets and collectibles, from watches and jewelry to trading cards, art and memorabilia. It serves more than 10,000 collectors with nearly $2.5 billion in customer collections catalogued across its platform, works with 150+ partner agencies, and offers commercial insurance to retailers, dealers and marketplaces.

Learn more at waxcollect.com.