The only insurance I've ever purchased is for my vehicles, and that is only because it is mandatory. That includes insurance for health and house. I have never had the need to collect (had I had it), and I figure that I have saved way enough over the last 50 years of my working life on premiums to cover just about anything. I think the purchase of insurance brings about a certain complacency in man and they act more careless. For instance, I never leave the house without turning everything off including those little AC-DC transformers that everything uses.& I never use candles. Look for the biggest building in any city & it belongs to an insurance company.
if you have "GOOD" stuff then a home owners rider is in order. for regular"stuff" that warrenty is garanteed profit for the seller. I've never had a camera go bad. I do low risk shooting.
I'll repeat what I have said in several earlier threads:
I do not buy extended warranty insurance, ever! I will ask at the store how much it costs, then when I get home, I transfer that amount from my chequing accoung to my savings account.
When my desktop packed it in a couple of years ago (and it was well beyond any warranty, being 5+ years old), I took the amount for a new desktop out of that account and bought a new one.
At least, by keeping the money myself, I get the interest (although that's not much these days), and I don't worry if what happens to my equipment is included in the extended warranty or not, or worry about when the warranty expires.
If you buy with visa, Visa will doublethe warranty. See if Nikon has an extended warranty that will give your camera a cleaning and checkup then I'd get it.
Greetings fellow hoggers... br Well, I'm just abou... (
For most purposes, they are not worth it.
However, if you are involved in risky photography, say ski diving, photojournalism in war torn areas, photographing a roller derby from rink side or you are one of the paparazzi, then yeah it could be worth it.
Get a rider for you home owners insurance policy, much cheaper than extended warranties.
This may not be worth much if you have a significant deductible.
If this is the case you might be better off with a separate policy from your insurance company, although not all have these available. We have Allstate for most of needs but they do not offer this type of cover. (We have a $1,000 deductible on the Home owners). For my photo equipment I went to State Farm.
They have a "Marine" policy that covers all my equipment for amateur use only and $13.50 p.a. This is a replacement policy not a reimbursement at market value one. No equipment valuations are required and loss is for any reason.
If it's a real expensive item and you can get legitimate coverage real cheap (not likely) then go for it. Keep in mind that most electronic devices (if they're going to malfunction) do so in the 1st 30 - 90 days. Also, read the fine print: many of these "warranties" provide you have to pay shipping both ways and there is frequently a "service charge" each time you send the item in to them. Also, if they have to replace the item rather than fix it they do so with a refurbished item, not a new one and/or pro-rate the diminished value of your gear so that you have to pay a major portion of the price of the replaced item.
rob s wrote:
This may not be worth much if you have a significa... (
My apologies this should have read $13.50 per $1,000 p.a.
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