camera insurance
Jul 8, 2021 07:39:40 #
Davet wrote:
I am looking for a recommendation for a quality insurance company that I can get for my camera equipment. Any suggestions will be appreciated. Thanks so much.
https://www.prophotographersinsurance.com/?gclid=Cj0KCQjwxJqHBhC4ARIsAChq4at385e2vKVarvbqjbh2hKcSjyoHTuWkNygVvad9qPYRcPIqvB9xwv8aAnB4EALw_wcB
Jul 8, 2021 07:42:14 #
Davet wrote:
I am looking for a recommendation for a quality insurance company that I can get for my camera equipment. Any suggestions will be appreciated. Thanks so much.
Home or apartment insurance is always an option, but only if you don't make a claim. Home insurance companies have a nasty habit of putting on a surcharge or worse - blacklisting you after a claim - Not worth the hassle of trying to get insurance after being cancelled or flagged as a result of a claim.
Better to get professional, camera-industry insurance. The benefits are many, especially when you have to use it.
NANPA uses Rand Insurance which is underwritten by Chubb. I believe that the rates are competitive and coverage is substantially better. There is the $100 annual membership fee for NANPA's basic general membership.
http://www.nanpa.org/membership/insurance/
PPA is another option, but I found their "free with membership" policy worthless, requiring proof of ownership paperwork in the event of a claim, and they would depreciate it over time, so after a while your 5 yr old camera has no value to them. They also offer a different policy but I found it more expensive, when you consider the cost of PPA membership and the cost of the insurance premium.
Jul 8, 2021 07:51:12 #
For New York State residents, New York Central Mutual is also a great company.
Jul 8, 2021 08:25:11 #
gvarner
Loc: Central Oregon Coast
I have a personal equipment policy with State Farm. It’s not a rider. Covers loss, repair, replacement, no deductible, no depreciation. Will even cover a desktop computer and printers. No mobile devices. Cheap cost if you’re an amateur.
Jul 8, 2021 08:32:18 #
OnDSnap wrote:
I have a personal umbrella policy with my homeowners insurance. (Allstate)
I'm not so sure that the umbrella policy will cover your camera equipment. My understanding is that an umbrella policy will cover your liability above what your home owners covers. If you have 100K liability coverage on your HW policy and someone sues you for 500K the umbrella policy will cover the 400K over amount. I have Allstate and a umbrella policy. But I have a rider for my camera equipment. You might want to check with your agent on what YOUR umbrella policy covers.
Jul 8, 2021 09:23:33 #
Peteso
Loc: Blacks Hills
If you insure your equipment, in the event of a loss, coverage will only cover the used value of your equipment, unless you have replacement cost coverage, which may not be available for this type of coverage. For most camera equipment, that may be a small fraction of replacement cost. It's also a potentially messy dispute with your insurance company. I went through this analysis a few years ago and dropped my coverage, because the cost-benefit considerations clearly militated in favor of self-insuring.
Jul 8, 2021 10:03:46 #
Bayou wrote:
I would strongly discourage you from insuring your... (show quote)
You're absolutely right. I got dropped once after having to replace a roof then 2 i-phones for my sons in a 5-year period. And word gets out. Was hard finding an insurance company to pick me back up. Don't risk it.
Jul 8, 2021 10:04:07 #
Do be careful about coverage with your homeowner's policy. If you have ever received payment (or even goods in kind) for a photograph, they will say it is a business and refuse to cover even the stuff on a special rider.
I understand that State Farm will write a stand-alone policy.
I understand that State Farm will write a stand-alone policy.
Jul 8, 2021 10:27:23 #
DaveO wrote:
I have not found that to be true with AMICA. Reasonable cost, no deductible and two claims in the past 2 years. Both times I received a check within three days after providing estimate and if it was more, just forward the proof.
I use Amica also and have had similar results. Claims quickly paid without question. I had an underwater Nikonos that leaked a number of years ago. They paid full value without question. Of course, if you make a number of homeowners' policy claims, the point above is valid. But the cost is undoubtedly higher.
Jul 8, 2021 12:55:20 #
tiphareth51
Loc: Somewhere near North Pole, Alaska
All my insurance needs are met by State Farm. I do recommend a separate policy for each issue as others have said, multiple claims may cause cancelation (home owners, car, umbrella, etc). Replacement value is a big plus along with a low deductible.
Jul 8, 2021 13:03:10 #
SD Kate
Loc: Sioux Falls, SD
OnDSnap wrote:
I have a personal umbrella policy with my homeowners insurance. (Allstate)
Double check that your umbrella policy is not liability only. Normally umbrellas apply only to liability not personal property.
Jul 8, 2021 13:18:51 #
tiphareth51
Loc: Somewhere near North Pole, Alaska
You are absolutely correct. It was my intent to show multiple policies. Clearly I did not state that well. Thank you for your correction. Sorry for the underline; it was not intentional.
Jul 8, 2021 13:28:33 #
I have a homeowners policy plus I have insurance on my auto. Camera equipment? I self insure. Unlike the guy who lost equipment to a swimming pool, I would never take a camera near a pool. Or a forest fire. Or parachute out of an airplane with one. Insurance is for accidents but some accidents are preventable if you use decent judgement. I like to say that "Judgement is my middle name!" I learned that at my mother's knee from my father's belt. Harry
Jul 8, 2021 13:39:37 #
I insure my gear through my main insurer, State Farm. I used to insure through AAA until they canceled all the policies in my area due to high fire ratings. AAA paid a couple of claims for me, no problem at all. This type of policy is nice because it is zero deductible. I have about $35,000 in gear insured. I get this mostly for theft reasons but it's also nice when I drop something, as I did with my Nikon D500 and the 200-500 lens attached to it (rolled off a table). While in Costa Rica on one trip when we came back from shooting one of the three vehicles left parked on the main road had been broken into, thousands of dollars of gear was simply gone. Nice to have insurance when this happens. Having insurance also means every piece of equipment I have is logged onto an excel spreadsheet so I can use that in case of a house fire, too.
Jul 8, 2021 13:53:13 #
Davet wrote:
I am looking for a recommendation for a quality insurance company that I can get for my camera equipment. Any suggestions will be appreciated. Thanks so much.
I realized that as a travel photographer, I was spending more time in foreign country destinations than here in the United States. When I checked with my agent, I learned that my policy only covered my camera gear within the United States, so it was basically worthless in my case. I dropped my coverage considering the situation and felt that at worst I might be out a couple thousand dollars if I had a major loss which was fairly unlikely and never occurred.
I did carry a million dollars liability policy until retired and felt that this was more needed than covering my cameras.
In fifty years I only had one claim which was for $2,000 for damage to a restaurant rug when a hot light fell over and burned a small hole in the rug. The rug had to be completely replaced.
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