iNSURANCE FOR EXPENSIVE CAMERA AND EQUIPMENT
Oct 6, 2012 10:43:10 #
Oct 6, 2012 10:44:25 #
Oct 6, 2012 10:57:26 #
Camera equipment, as well as other items such as jewelry, can be 'scheduled" on your homeowners policy. (or renters policy). Your basic homeowners policy will cover the equipment for theft, but if you schedule the items, it covers them for things such as dropping etc. Of course, you will always have a deductible. Hope that helps.
Oct 6, 2012 10:59:49 #
I have terrible luck with losing gear. The first time lighting hit the house and fried everything plugged in. The second time I was burglarized and lost everything that was techy: computer, printer, cameras, stereo etc. Both times the home owners insurance paid to replace. But both times everything was in the house. I asked the agent (a friend of mine) if it had been stolen from the car a hundred miles away would it be covered. He said it would and showed me in the policy where it was so stated. I don't have a zillon dollars worth of camera gear but when we were burglized, we did get a check that was more than five grand.
Oct 6, 2012 12:05:35 #
I pay $108 a year for about $9000 in equipment through State Farm. But I also have my car and home insured with them. That might make a difference in the premium.
Oct 6, 2012 13:17:32 #
LouEllen wrote:
Check out http://www.ppa.com . For $323 per year you will have $15,000 in insurance in addition to membership with other benefits. I have not joined yet, but have a good friend who loves PPA.
Lou Ellen
Lou Ellen
Candy wrote:
Does anyone have any details of a good Camera Insurance for theft and accidents to Cameras, and Lens etc., please.
thanks for the useful data everyone. Here in UK are specialist insurers who do camera stuff but very high cost; I checked with E&I - a leading firm, and for my list of equipment and postcode they wanted insurance locks on all windows and doors and a police linked alarm system. They had many exclusion clauses, mostly reasonable (like unattended kit in the car). They however have a high reputation.
I'll look into the household thing I think, sounds cheaper
Oct 6, 2012 13:41:55 #
I signed up with PPA as my kit grew and I was heading to Iceland with a camera bag with like $12,000 worth of gear in it. I haven't really used many of the other options yet.
Oct 6, 2012 14:53:38 #
Two different ways exists...
Item One:
Household insurance coverage
Item Two:
Professional Use insurance
Two different considerations
Item One:
Household insurance coverage
Item Two:
Professional Use insurance
Two different considerations
Oct 6, 2012 18:27:41 #
Candy wrote:
Does anyone have any details of a good Camera Insurance for theft and accidents to Cameras, and Lens etc., please.
State Farm is my auto and home insurance company. They also cover all of my photo gear. Last year they stood behind a $5000 claim for theft of my Sony a900 and Zeiss 24-70 Vario Sonnar.
Oct 7, 2012 18:23:09 #
Bill C wrote:
I have a rider on my home owner insurance that covers any loss or damage 100%.
Double check that 100% with your insurer. Most of the larger companies specifically limit liability on the following items unless you pay for a rider with a specified amount of insurance:
Cash
Jewelry
Coins
Stamps
baseball cards
Camera equipment
Guns
It appears that these items are the most often stolen and also the most often involved in false claims.
Yes your insurer may cover up to $500 or $1,000, but it is uncommon to cart blanch insure 100% for any of the above items.
Oct 7, 2012 23:43:38 #
[quote=Festina Lente]
Double check that 100% with your insurer. Most of the larger companies specifically limit liability on the following items unless you pay for a rider with a specified amount of insurance:
I pay the fees and I get non-deductible coverage on all photo gear.
Bill C wrote:
I have a rider on my home owner insurance that covers any loss or damage 100%.
Double check that 100% with your insurer. Most of the larger companies specifically limit liability on the following items unless you pay for a rider with a specified amount of insurance:
I pay the fees and I get non-deductible coverage on all photo gear.
Oct 8, 2012 02:39:12 #
CaptainC wrote:
The above advice is good. Read your homeowner policy to see the exclusions. If there is a hint of professional use, the homeowner policy will not cover the loss. Mine is with Traveler's through USAA. It is about $600/yr but that is also $2M in liability, $20K in serial numbered gear and a bunch more in "stuff" like lighstands, light meters, reflectors,etc. It is replacement value, not depreciated value. I think it is $500 deductible - I should check that.
Hey Captain C, glad to see you with USAA !! They are the best .... I am a 45 year Senior member !!! Home, Auto & Boat Insurance with them. They provide superior insurance & financial services to all currnet & ex-military, as well as dependants .
Oct 10, 2012 18:39:17 #
It's called a personal articles floater and every insurer writes it in conjunction with their homeowners policy. The prices vary with differnet insurers and usually the policy is special form all risk coverage. These floaters all exclude professional use, if you think yours doesn't you should chrck with the company. The coverage is relatively inexpensive and does the job. If you are a professional then you need to get the commercial version and E&O insurance.
Oct 10, 2012 18:44:57 #
I'm with USAA for 44 years and they write there own policies, Travelers is not affiliated with USAA so you can not have a travelers policy and a USAA floater or vise versa. I am an insurance broker and I can tell you there is no better company then USAA but you must have been in the service or the child of a service person who has USAA.
Oct 10, 2012 18:49:08 #
All of the insurance companies offer a basic limit on the items you listed Jewelry, furs etc and it's not a lot. Generally it's for the casual user so if you have a lot of those items you will need the Personal Articles floater.
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