My insurance company doesn't have insurance for business use, only casual. So now I'm without camera insurance and toting around 7-8 K of equipment sometimes. Not good.
Where do you all get your insurance and how much are you paying yearly?
Full Version: Camera Insurance for "Professional" use?
I'm using http://www.niksecure.com/ which is a Nikonians venture backed by a large insurance company.
It's aimed at pro's and serious amateurs.
Your premium is going to be based on the amount of equipment you ensure but this line from the website should give you an idea.
'Low premium: Insure equipment worth $5,000 USD for only $150 USD per year.
Cover up to a maximum of $20,000 USD worth of equipment.'
It's not limited to Nikon equipment.
It's aimed at pro's and serious amateurs.
Your premium is going to be based on the amount of equipment you ensure but this line from the website should give you an idea.
'Low premium: Insure equipment worth $5,000 USD for only $150 USD per year.
Cover up to a maximum of $20,000 USD worth of equipment.'
It's not limited to Nikon equipment.
Consider your liability coverage also; that's a much larger potential for loss than your equipment.
Some sources for coverage:
Tom C. Pickard Agency
Hill & Usher
Nill
~~
www.toulme.net
Some sources for coverage:
Tom C. Pickard Agency
Hill & Usher
Nill
~~
www.toulme.net
Be aware that photography insurance splits your insurance into two categories:
-stuff that stays at your office
-stuff that goes with you to a shoot.
If you list your computer under office equipment it will not be covered outside of your listed address. Many pros bring their G5's, monitors, or printers to shoots with them. That stuff must be listed under camera equipment, and not office equipment.
These policies also provide insurance for rental equipment. So if you have an itch to try a 10K lens, you will only have to leave a credit card deposit for 500 bucks at the camera store rather than the whole 10K.
-stuff that stays at your office
-stuff that goes with you to a shoot.
If you list your computer under office equipment it will not be covered outside of your listed address. Many pros bring their G5's, monitors, or printers to shoots with them. That stuff must be listed under camera equipment, and not office equipment.
These policies also provide insurance for rental equipment. So if you have an itch to try a 10K lens, you will only have to leave a credit card deposit for 500 bucks at the camera store rather than the whole 10K.
QUOTE (ericstaud @ Jan 12 2007, 03:09 PM)
...If you list your computer under office equipment it will not be covered outside of your listed address. Many pros bring their G5's, monitors, or printers to shoots with them. That stuff must be listed under camera equipment, and not office equipment.
...
...
My policy from Tom Pickard has a separate category for traveling business equipment with a fairly hefty initial limit ($15k as I recall), so I do have to list it separately, but it doesn't go against the camera equipment limit.
Nill
~~
www.toulme.net
Any agency/company that writes commercial insurance should be able to handle your needs. For liability coverage you would need a CGL [commercial general liability] policy to which can be added an Inland Marine Rider to handle scheduled property such as cameras, lenses, etc as well as computers and printers.
Insurance companies that write these type of policies include -
The Hartford
Erie Insurance Group
The Travelers
If you are not a professional, consider a Personal Inland Marine policy as opposed to having your photography equipment, and also your computers and printer(s) on your homeowners. The advantage is that should you suffer a loss, the claim will not count against your homeowner's policy.
Insurance companies this type of policy include -
The Hartford
Erie Insurance Group
The Travelers
State Farm
Nationwide
Allstate
Insurance companies that write these type of policies include -
The Hartford
Erie Insurance Group
The Travelers
If you are not a professional, consider a Personal Inland Marine policy as opposed to having your photography equipment, and also your computers and printer(s) on your homeowners. The advantage is that should you suffer a loss, the claim will not count against your homeowner's policy.
Insurance companies this type of policy include -
The Hartford
Erie Insurance Group
The Travelers
State Farm
Nationwide
Allstate
QUOTE (Jake21209 @ Jan 13 2007, 02:47 AM)
I have the Hartford pays fast I have had two clais in the last 3 years one for 1500 andanother for 2800 no bumps in premuims . Great company
Any agency/company that writes commercial insurance should be able to handle your needs. For liability coverage you would need a CGL [commercial general liability] policy to which can be added an Inland Marine Rider to handle scheduled property such as cameras, lenses, etc as well as computers and printers.
Insurance companies that write these type of policies include -
The Hartford
Erie Insurance Group
The Travelers
If you are not a professional, consider a Personal Inland Marine policy as opposed to having your photography equipment, and also your computers and printer(s) on your homeowners. The advantage is that should you suffer a loss, the claim will not count against your homeowner's policy.
Insurance companies this type of policy include -
The Hartford
Erie Insurance Group
The Travelers
State Farm
Nationwide
Allstate
Any agency/company that writes commercial insurance should be able to handle your needs. For liability coverage you would need a CGL [commercial general liability] policy to which can be added an Inland Marine Rider to handle scheduled property such as cameras, lenses, etc as well as computers and printers.
Insurance companies that write these type of policies include -
The Hartford
Erie Insurance Group
The Travelers
If you are not a professional, consider a Personal Inland Marine policy as opposed to having your photography equipment, and also your computers and printer(s) on your homeowners. The advantage is that should you suffer a loss, the claim will not count against your homeowner's policy.
Insurance companies this type of policy include -
The Hartford
Erie Insurance Group
The Travelers
State Farm
Nationwide
Allstate
QUOTE (dwdallam @ Jan 12 2007, 08:34 AM)
My insurance company doesn't have insurance for business use, only casual. So now I'm without camera insurance and toting around 7-8 K of equipment sometimes. Not good.
Where do you all get your insurance and how much are you paying yearly?
Where do you all get your insurance and how much are you paying yearly?
I'm not insured myself, but I'll add that (at least this used to be true) that some group or another is writing prof. camera insurance coverage for members of the North American Nature Photographers Association, I found a reference http://www.nanpa.org/insurance.html but haven't looked into it deeply myself.
--Joe
You know another thing I didn't mention was what kind of coverage you get? I know some cover for the "market value" of the camera, and not the "replacement" cost.
And thanks for the information.
And thanks for the information.
There are depreciated value policies, IOW, the adjuster goes on-line, and whatever your lost/stolen item is going for on eBay, that is what you get. The other is based on what you purchased the gear for. Also consider getting coverage for accidental breakage.
QUOTE (jjlphoto @ Jan 17 2007, 02:22 PM)
There are depreciated value policies, IOW, the adjuster goes on-line, and whatever your lost/stolen item is going for on eBay, that is what you get. The other is based on what you purchased the gear for. Also consider getting coverage for accidental breakage.
Yeah that Ebay adjustment is bullshit. It should be whatever a legitimate delaer has in used stock for that item, like B&H or Adorama. I looked, and they have NO used 70-200mm IS L lenses.
QUOTE (dwdallam @ Jan 17 2007, 08:49 PM)
Yeah that Ebay adjustment is bullshit. It should be whatever a legitimate delaer has in used stock for that item, like B&H or Adorama.
Perhaps I was being a bit cynical, but you get my point.
As to replacement cost, talk to the agent, he or she should be able to give you an accurate answer.
Property on commercial policies are treated differently than on personal lines policies. When in doubt, ask to see a sample policy and check the wording. Ask for quotes from several carriers and see which one meets your needs.
Association coverage may or maynot be better. The only way to determine this is to get a quote from all the carriers and check the fine print. Ask your agent for help.
Property on commercial policies are treated differently than on personal lines policies. When in doubt, ask to see a sample policy and check the wording. Ask for quotes from several carriers and see which one meets your needs.
Association coverage may or maynot be better. The only way to determine this is to get a quote from all the carriers and check the fine print. Ask your agent for help.
I asked Tom Pickard about the equipment value. I was told the value was based on what is on my insurance schedule. I can choose to put the value of my Lens as the new retail value, the used ebay value, or as one dollar. So my old 4x5, which I never use, I insure for the used value. Mission critical equipment (such as my P45 and Alpa) are listed at their full retail value. So, if everything is stolen, I can afford to replace the P45 right away, at full retail cost, for my continued shooting. I can replace the 4x5 over time through ebay, if I wish, at used prices.
QUOTE (ericstaud @ Jan 18 2007, 03:45 PM)
I asked Tom Pickard about the equipment value. I was told the value was based on what is on my insurance schedule. I can choose to put the value of my Lens as the new retail value, the used ebay value, or as one dollar. So my old 4x5, which I never use, I insure for the used value. Mission critical equipment (such as my P45 and Alpa) are listed at their full retail value. So, if everything is stolen, I can afford to replace the P45 right away, at full retail cost, for my continued shooting. I can replace the 4x5 over time through ebay, if I wish, at used prices.
That sounds much better, but his photography plans start START at 500 per year. However, they cover liability etc. I just want camera insurance, period. I'll have a look hard after I get done with taxes
QUOTE (dwdallam @ Jan 19 2007, 04:33 AM)
That sounds much better, but his photography plans start START at 500 per year. However, they cover liability etc. I just want camera insurance, period. I'll have a look hard after I get done with taxes
$500 for both property and liability is about 6% of the estimated value you first mentioned. I don't know your finances or budget, but that seems reasonable considering what you could loose either from a property or liability stand point. As a professional, that premium would be deductible, and depending on your business status could be 'above the line".
I still think you should shop around through various independent agents and see what else is on the market. There are a lot of good companies and most offer competitive rates, but you have to shop the market.
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