Jump to content


Photo

Camera Insurance


  • Please log in to reply
4 replies to this topic

#1 Cullen74

Cullen74
  • Basic Members
  • PipPip
  • 11 posts
  • Other

Posted 06 April 2006 - 01:41 PM

I'm getting ready to buy a camera. How does insurance for cameras work? Can anyone recommend an insurance company? Is a camera covered through homeowners insurance? Could it be covered under a production insurance policy? Does a standard policy offer international coverage--I will be traveling a great deal w/ my camera? What's a typical policy run per year for a 30K camera package? What does it cover? Any help or advice is greatly appreciated.

Many Thanks,
Cullen
  • 0

#2 Mitch Gross

Mitch Gross
  • Basic Members
  • PipPipPipPip
  • 2873 posts
  • Cinematographer

Posted 07 April 2006 - 10:14 AM

There are a few options. First off, know that your homeowner's policy specifically will NOT cover a business item such as your camera unless you get an additional rider, and even that would only cover the gear while it was sitting in your home. For any production you should get the client to provide insurance, listing you as a LOSS PAYEE for the FULL REPLACEMENT VALUE of the gear, for which you should provide an itemized list complete with serial numbers and down to the last cable & screw. If you want to get your own equipment insurance, you can contact an industry company such as D.R. Reiff. Such policies generally have a deductible anywhere from $1000-$2500 and an annual premium of 1.5% of the value of the gear, so $100,000 of gear would cost $1500. But most insurers have a minimum, so even though you only have $30k to protect, look to spend around $1000 for insurance (but you might get a lower deductible for that). Lastly, for international travel it is important to also get something called a CARNET, which is essentially an agency swearing to all the governments of the world that you own this gear and did not buy it in one country to bring into another to avoid tariffs & duty. This is in addition to any insurance.
  • 0

#3 Cullen74

Cullen74
  • Basic Members
  • PipPip
  • 11 posts
  • Other

Posted 10 April 2006 - 11:15 PM

Many thanks. In essence, I'll be the client. Is there anyone out there who could recommend any additional insurance companies that they use to insure their camera packages?

Many Thanks,
Cullen
  • 0

#4 Peter J DeCrescenzo

Peter J DeCrescenzo
  • Sustaining Members
  • 620 posts
  • Camera Operator
  • Portland, OR, USA www.peterdv.com Blog: http://herefortheweather.wordpress.com/

Posted 11 April 2006 - 06:33 PM

Hi Cullen: If you're in the US, just an FYI: I have business insurance through St. Paul Travelers (customer service 888-661-3938, toll-free). They call it a "Store Pac / Photo Studio" policy. My current policy renews in June for $800 per year (it was less last year). It covers $40K worth of gear and includes coverage for up to $2M worth of liability, up to $300K damage to rental premises, and up to $5K/person medical. It's valid thoughout the US, but I don't know if it includes any international coverage (I doubt it; I don't work outside the US, so this isn't a concern for me).

I got this policy a few years ago by joining WEVA.com , but I don't know if WEVA membership is currently required or results in a discount.
  • 0

#5 Miklos Philips

Miklos Philips

    New

  • Basic Members
  • Pip
  • 4 posts
  • Cinematographer
  • Los Angeles

Posted 07 May 2006 - 09:04 PM

I've used SafeWare (http://www.safeware.com/) , which has been traditionally a computer insurance firm but they recently gave me a quote that covered my Digital Camera as well for around 400 / yr. Insured against theft, crashes, any kind of loss even when in transit - i.e. to and fro location. BUT! Better check it all out yourself and read the fineprint. I have not signed up with them yet and have yet to do my own due diligence.
  • 0


Aerial Filmworks

Glidecam

CineLab

rebotnix Technologies

Metropolis Post

Visual Products

Abel Cine

CineTape

Willys Widgets

Rig Wheels Passport

Ritter Battery

Technodolly

Broadcast Solutions Inc

Paralinx LLC

Wooden Camera

The Slider

Tai Audio

FJS International, LLC

Gamma Ray Digital Inc

New Pro Video - New and Used Equipment

Media Blackout - Custom Cables and AKS

Technodolly

New Pro Video - New and Used Equipment

Abel Cine

Gamma Ray Digital Inc

Rig Wheels Passport

The Slider

Willys Widgets

CineTape

CineLab

Media Blackout - Custom Cables and AKS

Ritter Battery

FJS International, LLC

rebotnix Technologies

Tai Audio

Aerial Filmworks

Broadcast Solutions Inc

Paralinx LLC

Wooden Camera

Visual Products

Metropolis Post

Glidecam