Zeke4351 wrote:
There are many stories about anything and everything on the web. Sad but probably about 50% wrong information from people that read something on a forum and then pass it on as the truth. Grey market camera equipment is fine if bought from a known source. Yeah even B&H offers up some things. The seller offers a 12 month warranty included with purchase and also will sell you more warranty but no need as far as I am concerned. If you have homeowners insurance and it is of good quality (lots of people have sorry insurance but don't know it yet) you can add all your cameras and photography equipment to your policy. Cell phones too or anything you list with a receipt and serial number. Your equipment is then covered for anything that happens. They fix or replace and there is no deductible. Be aware there are a lot of big name insurance brands that are not worth a crap and you never know until you need it. Just because Nikon won't work on your camera there are many shops that can and will just as an example of getting repair. The only time to stay away from grey market is when there has been known problems with a product. Example Nikon 200-500 or Nikon 300 F4 VR. You would still be covered but I would avoid them unless buying from an individual that I trusted that has tested the lens. They were either good or bad. When you pay full price you are paying for a warranty. Insurance is much cheaper. You pay dearly for that 6 year factory lens warranty.
There are many stories about anything and everythi... (
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Much of what you wrote is simply incorrect or misinformed. And some of what you stated is actually unrelated to gray market vs USA warranted "official" items.
First and possibly most concerning.... Home owners (or renters) insurance protects against monetary losses from damage, theft or loss of the item. That type of insurance DOES NOT protect against equipment failure in any way, which is what "gray market" and warranties are all about. Second, depending upon the policy, there typically IS a deductible of some sort. Maybe not on your policy, though you probably pay more as a result. This varies widely. Further, most insurance policies have a dollar cap on the total value of photo gear covered by the policy and any amount beyond that is uninsured unless you purchase a "rider" from them that increases the ceiling. Last time I checked my homeowner policy, it was a $2000 cap on camera gear. This didn't matter to me because - very important for some photographers and videographers - home owner or renter insurance DOES NOT cover gear that's used professionally. It ONLY covers gear used in a hobby or amateur manner. Separate photo gear insurance is available to cover gear being used professionally... But it's an added expense. And it still has nothing to do with warranty covered equipment faults or failures.
Warranty, when it's provided, covers equipment failure during a set time frame of ownership. Most warranty doesn't cover loss or theft and in many cases even specifically excludes losses from damage. There have been some exceptions... "Drops and spills" coverage offered by manufacturers as an added benefit and encouragement to purchase their products. This is not typical and goes well beyond most manufacturers warranty.
In other words, in most cases....
If your lens' autofocus suddenly stops working, the repair or replacement would be covered by warranty.
But if you drop your lens and break it... or if it's stolen... this type of loss would be covered by insurance.
Some credit cards provide additional limited warranty and/or insurance on gear purchased through them. But this is usually only offered through higher interest, higher cost cards and has many restrictions and limitations that need to be carefully considered. Also, some retailers offer a "store warranty" on gray market or used gear, where repair or replacement of a failed item (NOT a stolen, damaged or lost item) is at their discretion. Repairs under either a credit card warranty or a store warranty would usually be done by a repairer of their choosing, who may or may not have the "factory training and tools" for the job and who may or may not have access to replacement parts, if needed. Personally I'd have a little more faith in a reputable camera store's repairer than in one selected by a credit card company. After all, a well established camera store is likely to have prior knowledge of specialized repairers. There also may be no time frame for these warranty repairs, so it might be a long wait for something to be done, without the gear in your kit the entire time.
Now let's take a look at the specific examples you cited... two Nikon lenses.
First, B&H doesn't offer either of those lenses under any sort of gray market program. They only sell Nikon USA imported and warranted copies of the Nikkor 200-500mm. The same is true of Adorama and Amazon Direct. Neither offer a gray market version of the 200-500mm, either. The discounted copies of that lens I could find at those three sources were either used items or "refurbished". (I always wonder, "Refurbished by whom?" and "How is this any different from used?").
I did find what appears to be a gray market Nikkor 200-500mm available from Abes of Maine.... $150 savings off the approx. $1200 price of a USA warranted lens at all those other sources. No warranty, it appears. They'll gladly sell you a third party "Extended warranty" on the gray market item... for $149. Now you've spent the same you would have buying a USA warranted item elsewhere (5 year warranty on Nikon lenses, provided the purchase is registered). Knowing the horrible reputation of Abes, I'd steer well clear of that questionable "bargain".
The Nikkor 300mm PF is a little different matter. While neither B&H nor Adorama offer gray market versions of it, I did find Amazon Global UK is offering it for about $125 off the usual $2000 selling price of that lens. There is a notation that "manufacturers warranty may not apply" in the Amazon listing. There are also shipping costs (not eligible for "Prime") and import duties collected, totaling $65. This reduces the actual discount to about $60. There's no relief from sales taxes either way.
Nikkor 300mm PF gray market appears to be much more heavily discounted at Abes of Maine. They're offering it in a "Black Friday Sale" for about $450 off the $2000 price. While they don't anything about warranty clearly anywhere on the website, I bet that's gray market. And with Abes' reputation for "bait and switch" and other shady sales tactics, I doubt you'd ever actually be able to buy even a gray market version for that price. They would call you with some reason that cheap version is a problem and offer you a "better" alternative much closer to the usual list price of the item. In fact, I'd be a little surprised if the 300mm PF is even available at Abes.... It's on back-order at B&H and Adorama.
Abes offers "extended warranties", like others do... But at a much higher price. For the Nikkor 300mm PF Abes' most basic 2-year extended warranty costs $225 (on top of NO "store" or "manufacturer" warranty). They also offer an enhanced 2-year plan which adds "drops and spills" damage, for $275. Compare to an Amazon 2-year extended warranty (
in addition to the manufacturer warranty) that costs $43. In other words, with Abes for additional $225/$275 you get two years warranty. Or, with Amazon for added $43 you get a total of up to seven years warranty... 2 years plus the 5 year manufacturer warranty.
With Nikon gear, specifically, problems with gray market is compounded by some Nikon USA policies. First, their factory service department will not work on gray market items, even outside of warranty. They simply refuse to do any work on them. You'll have to take the gear elsewhere to get any work done on it. However, that may be difficult or impossible because Nikon USA
also has a policy of not selling most repair parts outside their own very limited "official/authorized" repair network. (With other manufacturers, different policies might make gray market less of a concern. For example, Canon USA
will repair a gray market item, although it will be at the customer's expense. They
also freely sell replacement parts to anyone who wishes to buy them.)
EDIT: Nikon loosened their gray market repair policy a bit, several years ago. Select
camera models can be serviced and repaired by the third party repairers within their "certified" network (although still apparently not by the actual Nikon USA repair facilities). With one example of a current DSLR, this gave option of six repair facilities within the U.S. who would work on that camera model even if gray market, at the customers expense. Whether this would apply to lenses or not, or how widely it applies to camera models, is still a question. The only way you can find out is by going to the Nikon website and entering the specific info on what you need repaired. They'll then tell you if and where you might be able to get work done on it.
Finally, another topic you bring up is "right of return", which is pretty standard among camera retailers and is
unrelated to warranties. This grew out of the catalog and mail order sales of the past and has been carried over into the online sales era. Basically most stores doing business by mail have fairly liberal return policies that say you have 14 to 30 days to return an item for refund or exchange, for any reason. You can send it back to the store if it's faulty.... or if it's not what you expected.... or even if you just have buyer's remorse. Amazon Direct, B&H and Adorama all have 30-day return policies with some reasonable limitations. Abes has a 14-day policy and charges a "restocking fee".