Timbaland Accused Of Insurance Scam Regarding Watch Worth $1.8 Million

Timbaland's attempts at collecting money over $1.8 Million watch are stalled.

When Timbaland decided to seek payment from his insurance company over a missing $1.8 Million watch, the company behind the expensive watch didn't believe his story. Now, Timbo is going from hopefully getting paid to getting accused of insurance fraud.

According to TMZ, the super producer filed a lawsuit against American Home Assurance Company claiming his 2-year-old daughter lost his Jacob & Co. watch containing 30 carats of diamonds.

In legal documents obtained by TMZ, A.H.A.C. claims it doesn't owe Timbaland any money and stated the following reasons why:

-   Timbaland bought the watch for $900,000 but insured it for twice the purchase price.

-   Timbaland reported the watch stolen ... but 4 months later claimed his daughter misplaced it. 

-   Everyone involved told a different story ... the wife implicated another female, the assistant implicated the maid, the maid only copped to sleeping with Timbaland's brother-in-law and the brother-in-law refused to cooperate.  No one ever mentioned the daughter losing the watch, like Timbaland belatedly claimed.

Timbaland filed the lawsuit against American Home Assurance Company in December. The suit claimed Timbo paid over $50,000 to take out a policy in May 2010.

Timbaland recently released his latest album, teaming up with Justin Timberlake for The 20/20 Experience back on March 15th.

RELATED: Timbaland Files Lawsuit Against Insurance Company Over $1.8 Million Watch

24 Comments

  • Money First

    Bullshit story, bullshit situation...Timbo make your money dog!

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  • MCA GURU

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  • Timbo Slice

    LMAO....man, what a crazzzy story. So, why'd the maid said to have slept with the brother-in-law??? What does that have to do with the watch??? Get it together, Timbo.

  • Anonymous

    This nigga is fucking rich and pull of a stunt like this. They should throw in jail for 10 years.

  • Anonymous

    Be paid weekly and earn like a boss! I just bought a great Mazda MX-5 from having earned $7126 this past 4 weeks and $10k past-month. Without any doubt this is the easiest and most comfortable job Ive ever had. I began this 6 months ago and right away was bringing in more than $83 per/h. Heres what Ive been doing Rich45.com_

  • YESSIR

    TIMBERLAND GOT EXPOSED. DONT FEEL BAD FOR HIM. HE SHOULD NET 10 TO 15 THIS YEAR. I THINK BIRDMAN IS THE ONLY MEGASTAR WITH VERIFIABLE CREDIBILITY.

  • WORD

    Timbaland got caught slipping. But i wouldnt be surprised if it was a scam. Think about it, nobody aint checking for Timbo to produce anymore. If he is its co-producing. JT still uses him cause of loyalty but im sure he would want to work with hit boy or dre.

    • askmelater

      you ever heard of royalties, muphucka? nigga wouldn't have to produce another single in his life and would still be paid...you sound dumb fool

    • Hip Hop Fan

      Last I read he just signed a production deal with Roc Nation. I think that opened a lot of doors for him. Plus he produced the whole 20/20 album which will be the album of the year. So I think Timbaland's stock just skyrocketed again

    • wolfman

      Word, I mean producing JT's album and sellin only close to a million the first week...Timbo's gotta be so disappointed.

    • Anonymous

      oh dis nig dumb

  • Anonymous

    "I'M REFERRING TO THAT WHOLE STORY AROUND IT...WHY WOULD TIMBALAND NEED TO SCAM AN INSURANCE COMPANY???" ^ oh ok my bad

  • Anonymous

    You can tell Black is broke, willing to spend millions w/o insurance or care. Grow up boy. Anyway, anybody ask the insurance company why they let him pay them for an overblown policy on a watch? Did the insurance agent ever think to appraise the merchandise, or did they just keep collecting the fees thinking nothing would ever happen?

    • Anonymous

      I know that, wanted to divert the "rapper's are broke" conversation away from the children & into the hands of adults. Great explanation btw.

    • DefRx

      Generally, an insurance company will let you insure an item for what ever you want. They just wont actually pay out that sum should you make a claim, they will pay out what they think it's worth, unless there's another reason not to pay out anything such as the claimed fraud. The value you insure something for is essentially wishful thinking, or is a benefit to the insurance company if you insure for less than it's actually worth.

  • Anonymous

    http://www.youtube.com/watch?v=BD-BApFfIfE

  • BLACK

    EITHER THESE NIGGAZ DON'T REALLY MAKE THAT MUCH MONEY OR THEY ARE GOOD AT BLOWING IT. ONE WOULD THINK TIMBALAND HAS LOTS OF CASH AND SHIT LIKE THIS WOULD BE PETTY FOR SOMEONE OF HIS STATUS.

    • BLACK

      GLAD YOU'RE FAMILIAR WITH THE REQUIREMENTS TO BE A DRAG QUEEN...SAYS A LOT ABOUT YOU.

    • BLACK

      Shut up Black, you went from casually being passive and instigative to blowing up and acting like you didn't bait it from the get go. You're silly. You could be a drag queen, I'm telling you.

    • MAC DRE

      YA MOMMA GOT TOO DEFENSIVE FAGGOT ASS NIGGA

    • BLACK

      I'M NOT TALKING ABOUT LOSING 1 MILL...I'M REFERRING TO THAT WHOLE STORY AROUND IT...WHY WOULD TIMBALAND NEED TO SCAM AN INSURANCE COMPANY??? YALL NIGGAZ TOO DEFENSIVE OVER SILLY CELEBRITY SHIT.

    • some dude

      you're an idiot. He lost a million dollar watch that he had insurance on for nearly 2 million dollars. Do you really think that's not too much money? 50 cent, birdman, and other top 5 earners are worth 100 mill or so. So 2 million is kinda a shit load of money to them. 50 earned about 6 million last year. You think losing 1/3 of your annual income aint is petty. Stay broke with that kind of financial understanding. Besides 2 million invested in a Vanguard account can gross you $200,000 - $400,000 a year in interest. That's a new ferrari every year just for collecting that money and letting it sit. Study up or stay down.

    • JRich

      Maybe, but 900k is still 900k.

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