Recommendations for insuring camera equipment
Nov 9, 2018 16:08:26 #
Recently purchased two new cameras and lens, I would like to insure for loss and major damage. Need help - company names and issues I should consider, etc. Thanks, Doug
Nov 9, 2018 17:13:41 #
Strodav
Loc: Houston, Tx
The first thing I would do is call your homeowners / renters insurance company and talk to them about a rider to your existing policy.
Nov 9, 2018 17:43:18 #
Nov 9, 2018 19:38:44 #
homeowners is certainly best deal -- should be $20-30/$1000 insured; some camera losses might be covered already depending on your deductible
Nov 9, 2018 20:18:39 #
Strodav wrote:
The first thing I would do is call your homeowners / renters insurance company and talk to them about a rider to your existing policy.
Agreed. I have a $165 yearly rider on my homeowner's insurance that covers full replacement value for all camera equipment damaged/lost/stolen in the US and International. The only cavaet is it cannot have been in use for commercial photography.
Nov 9, 2018 20:24:34 #
Sounds like the best bet. I will check it out on Monday. I anticipated it would cost more. Thank you. Doug
Nov 9, 2018 23:30:42 #
I had a good set of speakers and a mixing board I used for sound with our Video system in the house. It was totally ruined during a lightning storm. Because it was considered professional the insurance company didn't pay. It surprised me because they have always treated us good. After about a dozen years of my calling they finally paid. Make sure they know the specific equipment you are insuring.
Nov 10, 2018 00:35:50 #
Vietnam Vet wrote:
....... Make sure they know the specific equipment you are insuring.
yes -- for photography riders they usually require serial numbers of the insured iteems -- and you can update them, removing old eqpt as time goes on
ours proved useful during one year when my wife & i each dropped our cameras on 2 different mountain climbs - insurance paid quickly and no increase for the new cameras
Nov 10, 2018 05:56:21 #
Strodav wrote:
The first thing I would do is call your homeowners / renters insurance company and talk to them about a rider to your existing policy.
This is a terrible idea. They will drop you or raise your premium when you make a claim.
One of the better deals out there is from NANPA - North American Nature Photographers Association-
Here are there policy options:
https://www.randinsurance.com/services-we-offer/for-photographers/nanpa-photographers-equipment-insurance/
I would insure for replacement value, which will cost more, but in the event of a mishap, you will get almost enough to replace the gear - replacement cost minus deductible. There are others, but this is the one I will be using as soon as I finish my research.
Nov 10, 2018 06:16:46 #
Call State Farm, even if you don't have any other policies from them. Super fast payment on claims and reasonable rates. I have had them for over 10 years and they are great. Not competitive on the auto or homeowners, but great for Cameras and Guns.
Nov 10, 2018 06:25:06 #
Picture Taker
Loc: Michigan Thumb
I have Stat Farm , home and auto and put a ridder on it with my camera equipment and my laptop. Over the years have used it and no problems.
Nov 10, 2018 06:42:40 #
I have a Rider on my Homeowners through USAA. Be prepared to spend a fair amount of time on the phone giving specifics on each item (serial number, model number, price, description/type, etc.)
Nov 10, 2018 06:58:16 #
Nov 10, 2018 07:33:01 #
nikonbug wrote:
Call State Farm, even if you don't have any other policies from them. Super fast payment on claims and reasonable rates. I have had them for over 10 years and they are great.
I agree...after submitting my list of photography equipment and value State Farm did so at a very reasonable rate...mine is less than $100.00 for equipment value approaching $9,500.00
Nov 10, 2018 07:46:06 #
Some info.
http://www.popphoto.com/how-to/2013/05/how-to-insure-your-camera-gear
http://www.the-digital-picture.com/Photography-Tips/insurance.aspx
https://www.usaa.com/inet/ent_logon/Logon?adid=icgsch49277486-VQ16-c-VQ6-71054850852
http://www.popphoto.com/how-to/2013/05/how-to-insure-your-camera-gear
http://www.the-digital-picture.com/Photography-Tips/insurance.aspx
https://www.usaa.com/inet/ent_logon/Logon?adid=icgsch49277486-VQ16-c-VQ6-71054850852
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