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04/27/2006 12:25:53 PM · #1 |
Hey guys. This is one I've been putting off for a while. I KNOW I need to purchase insurance to cover my camera and studio equipment. Now that I've registered my business name (for banking reasons), my homeowners policy will no longer cover that stuff because of its business use.
I checked with PPA's recommended provider who wants $180/year for $7,500 coverage. Sounds awful high to me. I also have a call in to my local agent who is working on a quote.
Where do you get your equipment coverage and about how much/year does it cost?
*muttersthisisanexpensivebusiness!*
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04/27/2006 01:13:09 PM · #2 |
Have you checked into coverage through ASMP or with Hill & Usher through WPPI?
I know Hoffberger specializes in insurance for photographers.
It's worth a look.
It's also important to have liability coverage as well, probably more important than equipment coverage.
Message edited by author 2006-04-27 13:17:10.
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04/27/2006 01:14:43 PM · #3 |
probably more important than equipment insurance is considering liability insurance, depending on the type of business you are in. E.g., if you are shooting a portrait and someone trips over a cable, you'll be liable potentially.
I pay about $400 a year for $15,000 worth of insurance. |
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04/27/2006 01:27:00 PM · #4 |
thats funny you posted this thismorning i just came from the insruance place, i got renters and a seperate policy for my camera, 500,000 liability, so know i can shoot at state parks,
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04/27/2006 01:30:38 PM · #5 |
I pay $75/year for $5000 equipment value through Allied which also insures my home, my vehicles and my RV. I get the multiple policy discount thingy, so they say.
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04/27/2006 01:46:33 PM · #6 |
| I think I'm like $25/year for $2500. Rider on my homeowner's (a claim on this will not affect homeowner policy). |
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04/27/2006 02:09:25 PM · #7 |
Originally posted by Gordon:
probably more important than equipment insurance is considering liability insurance, depending on the type of business you are in. E.g., if you are shooting a portrait and someone trips over a cable, you'll be liable potentially.
I pay about $400 a year for $15,000 worth of insurance. |
Good point, Gordon. The quote I got back from my agent is $299/year for $75000 coverage plus 300k/600k liability. Sounds like that is about par for that type of coverage.
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04/27/2006 03:15:54 PM · #8 |
Does anybody know anything about international insurance? The providers I've spoken with have no problem insuring at home, but when you tell them you basically travel for a living they start backing away pretty fast.
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04/27/2006 03:23:02 PM · #9 |
Originally posted by dpdave:
Does anybody know anything about international insurance? The providers I've spoken with have no problem insuring at home, but when you tell them you basically travel for a living they start backing away pretty fast. |
Hoffberger seems to include international coverage as part of the package.
Hill and Usher offer it, but not as part of the standard package.
I would expect the ASMP coverage to be similar.
I doubt that any of them will cover equipment taken into a war zone, so watch where you go.
Message edited by author 2006-04-27 15:25:18.
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04/27/2006 03:31:05 PM · #10 |
Originally posted by Spazmo99:
Originally posted by dpdave:
Does anybody know anything about international insurance? The providers I've spoken with have no problem insuring at home, but when you tell them you basically travel for a living they start backing away pretty fast. |
Hoffberger seems to include international coverage as part of the package.
Hill and Usher offer it, but not as part of the standard package.
I would expect the ASMP coverage to be similar.
I doubt that any of them will cover equipment taken into a war zone, so watch where you go. |
Thanks for that, Spaz. I'll see if I can get ahold of them tomorrow.
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04/27/2006 05:01:32 PM · #11 |
| The coverage I have from Rand (via NANPA) covers internationally (but no liability cover - deers don't sue) |
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05/18/2006 02:06:20 PM · #12 |
| Are there any other companies that offer equipment insurance? |
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05/18/2006 02:07:50 PM · #13 |
One of my customers has a photography equipment rider on their State Farm policy.
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05/18/2006 02:17:55 PM · #14 |
Originally posted by karmabreeze:
One of my customers has a photography equipment rider on their State Farm policy. |
That's OK if photography is just your hobby, but if you have a business, or anything resembling a business (i.e. a website where you offer prints for sale), in which you use your camera gear, the insurance company can and will refuse to pay should you need to make a claim.
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05/18/2006 02:18:08 PM · #15 |
I talked to Nationwide about it, and they suggested adding my camera to either homeowner's or renter's insurance. But, I don't own, and I don't have a formal lease.... making me inelligible for renter's.
When I was in DC last week, I was approached by an awful lot of homeless people. The jeans I was wearing had holes in 'em, and I had on a rather stretched out t-shirt. If it hadn't been for the camera around my neck, I probably could have passed for homeless. So, my guess is that it was my camera attracting them making them think I might have money. It was then that I thought, "What if I got mugged and someone took my camera?" I couldn't afford to replace it. |
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05/18/2006 03:27:56 PM · #16 |
Originally posted by ragamuffingirl:
So, my guess is that it was my camera attracting them making them think I might have money. |
Your profile lists 30D... I would have thought the same thing seeing you with it around your neck.
:)
-Serge |
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05/18/2006 03:47:34 PM · #17 |
Since my *real* job is working with the homeless and victims of domestic violence, I'm usually a real soft touch for people on the street. It was just a stroke of bad luck that I somehow managed to lose most of my money last week, and I was left with barely enough to get home.
As for my 30D, I had it on lay-away for a long time, and then still borrowed money to get it off. Then, because my life closely resembles a proof for Murphy's Law, my car broke down and it cost $400 to fix it. |
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