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Timbaland

Sues Over Missing Watch ...

Where's My $1.8 Million???

1/26/2013 10:09 AM PST BY TMZ STAFF
EXCLUSIVE

0126-tmz-timbalandTimbaland is still crying over that $1.8 MILLION watch that went missing two years ago (wouldn't you be?) -- and now he's filed a lawsuit against his insurance company ... claiming it REFUSES to cough up the cash to cover his claim.

According to a lawsuit filed against American Home Assurance Company last month, the music mogul claims he paid over $50,000 to take out a policy with AHA back in May 2010. Timbaland says the  policy covered a slew of expensive items, including his Jacob & Co. 18K white gold watch, loaded with over 30 CARATS of diamonds!!!

In the suit, Timbaland claims he lost the watch in August 2010 and filed a claim with AHA -- and even testified under oath that it was missing -- but the company DENIED his request and hasn't paid a dime.

But there's a twist ... this is the SAME watch Timbaland reported stolen two years ago -- which is when his family called the cops ... claiming he was so distraught by the loss they feared he might commit suicide. Timbaland was adamant he never planned to kill himself.

At the time, he told the L.A. County Sheriff's department he felt "someone he knows" stole the bling and they opened an investigation.

In the suit, the rapper says he believes (and testified under oath) it was his two-and-a-half-year-old daughter who "picked [the watch] up and played with it until she became bored and discarded it somewhere."

He adds, "It has never been found."

Timbaland is suing for $1.8 million -- the value of the watch -- plus interest and attorneys' fees.

0126-celebrity-bling

106 COMMENTS

No Avatar
1.

stu    

ANOTHER dumba$$ raper?
Y doesn't he flush his 2 yr old down the toilet to retrieve the bling.
Oh ya....1st!!!!!!!!

603 days ago
2.

Jody    

Clear case of fraud.

603 days ago
3.

vegas-mom-    

Really? A 1.8 million dollar watch?! In this day and age with all the families struggling we are supposed to feel bad? Um ********!!!

603 days ago
4.

Jay W.     

1.8 million for a watch...? LOL

603 days ago
5.

Marie    

1.8 millions for a watch? This man is insane and not in a good way!

603 days ago
6.

Anonymous    

I am with the rest of you, when we say, $1.8M for a watch??
Still, that does not give the insurance company a pass. If he paid for a special policy (things like this are usually only covered to about $20K unless you buy a special "rider" policy), they are duty-bound to pay up.

603 days ago
7.

Truth is    

They shudda never given that Nicca money....

603 days ago
8.

the artist formerly known as hand turkey    

The insurance probably doesn't cover loss-by-your-own-negligence-and-or-stupidity. Probably it covers items lost in a burglary, robbery, fire, flood, or other unforeseeable cir***stances.

603 days ago
9.

Violent Pope    

Keep it real boy.

603 days ago
10.

KicksandGiggles    

His wonderful lawyers should invite this gaudy clown to read the fine print of his insurance policy which I am sure stipulates exact coverage conditions such as how the watch will be stored, who has access, etc. If moron thinks an insurance company will just "insure" such a commodity without conditions he is dumber than he looks. I hope he gets nothing but a good azz ping from his lawyer's bill.

603 days ago
11.

Sir Boo    

How did he earn enough money to buy that expensive of a watch?

603 days ago
12.

rosemaryxoxo    

Woah......

603 days ago
13.

Edith    

Like i said they dont know what to do when they have money. Buying stuff like this!!! Help the community o people whom really needs a shelter or food. A watch crazY!!

603 days ago
14.

Jennyfrenzy     

Why would someone ever spend 1.8 million on a watch?

603 days ago
15.

Edith    

I saw his stupid kid sweet sixteen and he was flashing his money to people and buying stupid things. Really

603 days ago
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