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    Timbaland Suing Mad Over Missing $1.8 Million Watch

    Timbaland AP Photo/Dan Steinberg

    Timbaland is still ticked off about his missing watch, the alleged theft of which supposedly left him so bereft, his wife was worried for his safety.

    More than two years after reporting the diamond-encrusted timepiece stolen, the rapper-producer has sued his insurance company over his still unpaid claim.

    In the lawsuit, Timbaland (born Timothy Mosley) states that he paid more than $50,000 to defendant American Home Assurance Co. to insure various items, including the aforementioned Jacob & Co.-designed watch, worth roughly $1.8 million.

    Timbaland: "Why would I commit suicide?"

    The suit states that the watch was stolen in August 2010 and Timbaland filed a claim with the insurance company to recoup his losses.

    AHA is currently trying to have the lawsuit, which was filed last month, transferred from state court to a federal court in Miami, according to documents obtained today by E! News.

    "People steal from me all the time," Timbaland said on Ryan Seacrest's KIIS-FM morning show after his watch first disappeared. "Stuff did happen, [if] it wasn't a watch it was something else."

    —Additional reporting by Claudia Rosenbaum

    In the mood to look at diamonds? Check out some celebrity engagement bling!

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