Does anyone buy extra warrenty insurance when buying a new camera or lens?
Oct 24, 2016 14:10:50 #
I was wondering if anyone buys extra insurance when buying a new camera or lens. My new credit card will "double" the manufacturer's insurance, but in the past I have always purchased extended warrenties, and happily have never needed them. I am thinking about upgrading my Canon equipment, and was curious as to what others do.
Oct 24, 2016 14:16:34 #
BarbB wrote:
I was wondering if anyone buys extra insurance when buying a new camera or lens. My new credit card will "double" the manufacturer's insurance, but in the past I have always purchased extended warrenties, and happily have never needed them. I am thinking about upgrading my Canon equipment, and was curious as to what others do.
I don't.
Oct 24, 2016 15:17:18 #
BarbB wrote:
I was wondering if anyone buys extra insurance when buying a new camera or lens. My new credit card will "double" the manufacturer's insurance, but in the past I have always purchased extended warrenties, and happily have never needed them. I am thinking about upgrading my Canon equipment, and was curious as to what others do.
You have to register all products that you buy on credit cards in the U.K. Lenses are not on the list! only bodies to the value of £3000 only. This does not cover cosmetic damage, it is break down, loss or accident. Some have an access to pay as well! So read the small print of you card limits.
Oct 24, 2016 15:25:32 #
Thanks!..My card company( US) said I had to register as well, but best to my knowledge, the lens would be covered as well..but I will certainly check..Thanks for pointing that out!
Oct 24, 2016 16:14:33 #
I have only bought an extended warranty on anything once in my life. I have never had occasion to regret not buying them. The one time I did buy one was a 5 yr extended on a washer and dryer. The washer's main controller board failed one week before the warranty expired! I guess I got lucky on both ends!
Oct 24, 2016 16:20:33 #
Nope - I figure it's just like washers and dryers - it's cheaper to self-insure.
Oct 24, 2016 16:38:14 #
I add all of my equipment to my homeowner's policy - covered even if it's stolen or broken when not at home. The rate is really good, about $50 per year for $2500 in equipment. Add your smartphones, too - don't get ripped off by a carrier.
Oct 24, 2016 17:31:55 #
Garydah wrote:
I add all of my equipment to my homeowner's policy - covered even if it's stolen or broken when not at home. The rate is really good, about $50 per year for $2500 in equipment. Add your smartphones, too - don't get ripped off by a carrier.
That is a useful comment - never thought of adding my smartphones - thanks!
Oct 24, 2016 17:45:34 #
BarbB wrote:
I was wondering if anyone buys extra insurance when buying a new camera or lens. My new credit card will "double" the manufacturer's insurance, but in the past I have always purchased extended warrenties, and happily have never needed them. I am thinking about upgrading my Canon equipment, and was curious as to what others do.
No. Refurbished maybe.
Oct 24, 2016 17:57:19 #
BarbB wrote:
I was wondering if anyone buys extra insurance when buying a new camera or lens. My new credit card will "double" the manufacturer's insurance, but in the past I have always purchased extended warrenties, and happily have never needed them. I am thinking about upgrading my Canon equipment, and was curious as to what others do.
I have only purchased it once but have never used it.
I'm curious how a credit card "doubles" the manufacturers policy if the manufacturer doesn't offer that. Obviously through a 3rd party.
When offered 3rd party insurances I had a choice of three different companies through the seller.
All called it basically "drops and spills+/-" and where covering about the same.
Since I shoot in the rain as needed for the sports I shoot, I called the insurance companies and was told by two of them that they absolutely would NOT cover rain. The 3rd one said yes, so purchased that one.
If you have a specific need, ask, or get something that covers what you need possibly from your insurance co. Just saying.
SS
Oct 24, 2016 18:23:04 #
Oct 24, 2016 22:32:25 #
SharpShooter wrote:
I have only purchased it once but have never used ... (show quote)
The credit card companies that offer doubling of the manufacturers warranty does not have anything to do with the manufacturer. It is a common add-on with Platinum Mastercards and may be on others as well. I was always suspicious of it, however, my son had an iPhone (i think it was the 5) that broke down around the 18 month mark and Apple said your pooched and the credit card company replaced the phone, so apparently it does work.
In answer to the OP, I have purchased extended warranty on a camera once and that was a Canon T6S that I gave to my daughter as a gift, she is not as careful with her things as I am. I hope she has no need of it though. Just an insurance policy.
Good luck with whatever you equipment you get.
Oct 25, 2016 00:13:56 #
Oct 25, 2016 00:25:00 #
BarbB wrote:
I was wondering if anyone buys extra insurance when buying a new camera or lens. My new credit card will "double" the manufacturer's insurance, but in the past I have always purchased extended warrenties, and happily have never needed them. I am thinking about upgrading my Canon equipment, and was curious as to what others do.
Never. They are a terrible deal.
Add up all the money you spent on them, for no return, to understsnd why.
Oct 25, 2016 06:42:56 #
BarbB wrote:
I was wondering if anyone buys extra insurance when buying a new camera or lens. My new credit card will "double" the manufacturer's insurance, but in the past I have always purchased extended warrenties, and happily have never needed them. I am thinking about upgrading my Canon equipment, and was curious as to what others do.
If you're siding with taking advantage of the credit card company's offer, make SURE you understand its limits and exclusions which you'll always find near the bottom, a place where they put it hoping you won't take the time to read it. These limits and exclusions are what you're left with after the purchase so, again, make sure you understand it thoroughly. Another point to consider is that you'll have double coverage for the first year and some people, not implying that you would do this, but some try to collect on both policies in these situations and, if discovered, can lead to fraud charges. The best thing to do is, if you truly want to have extended coverage, you can find places that will offer coverage at any time for just about anything but you'll buy it near the end of your first year of coverage. Or, as some have offered, put it on your homeowner's or renter's policy.
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