DSLR Camera Insurance

[skulkingghost]

Do any of you photographers have insurance on your cameras? If so who is it with and what is the rate? I want to get it on the D300 I am planning on buying. I have seen some people have it under their homeowners insurance, however I am currently renting an apartment so I have nothing like that. Any ideas? Any sites I can visit?

 

[alfa147x]

I am a high school student who lives with his parents in a house
how should I go about getting my camera under the homeowners insurance

sorry skulkingghost for stealing your thread

 

[The Stigenator]

i was wondering if its worth getting the BestBuy thinge for the body? I have the Canon EOS40D and its almost a month since i got it. I wouldnt mind getting the insurance.

 

[skulkingghost]

Originally posted by: alfa147x
I am a high school student who lives with his parents in a house
how should I go about getting my camera under the homeowners insurance

sorry skulkingghost for stealing your thread

I found this to be a helpful link:
http://photo.net/learn/insurance

 

[fuzzybabybunny]

Originally posted by: TheGoodGuy
i was wondering if its worth getting the BestBuy thinge for the body? I have the Canon EOS40D and its almost a month since i got it. I wouldnt mind getting the insurance.

I think it's a good deal. The Best Buy thing is something like $180 for three years, right? I might be thinking of Circuit City's 3-year extended warranty. Canon charges a MINIMUM of $200 for any kind of repair out of warranty, no matter how small. I've gotten my Rebel XT repaired twice, and paid $200 each time. Something like a shutter replacement will be even more.

 

[AndrewR]

Originally posted by: skulkingghost
Do any of you photographers have insurance on your cameras? If so who is it with and what is the rate? I want to get it on the D300 I am planning on buying. I have seen some people have it under their homeowners insurance, however I am currently renting an apartment so I have nothing like that. Any ideas? Any sites I can visit?

I will be putting my camera equipment (~$3000) on my valuable personal property insurance very soon -- as soon as I get the time to send the serial #s to my insurance company. I already have ~$4000 of rugs on there, and it's about $3/month as a rider to my renter's insurance (which is about $20/month).

You can get renter's insurance, and I'd recommend you looking into it unless you really don't have anything worth protecting. It's a small price to pay for some piece of mind, especially since a friend of mine just lost everything to an apartment fire. Fortunately, she had insurance. Could you survive the complete destruction of everything in your apartment right now?

 

[corkyg]

I have decided to be "self-insured." Main reaon is the difficulty of establishing and processing a claim. Damage is one thing, but theft requires a complete police report, etc. I do have coverage of my camera equipment on a household floater, but the same rules apply. By the time they factor in depreciation, etc., I figured I would just pay the premiums to myself and go from there.

Basically, I play the odds. The only people who constantly benefit from insurance policies are the insurance companies.

 

[alfa147x]

Is it worth getting my equipment insured?

Canon 30D
Canon 18-55f /3.5
Canon 50mm f/1.8
Quantaray 75 - 300 f/ 4.0

 

[corkyg]

I would say that depends on your risk factors. What would you insure it against? Loss? Damage? Theft? What is your exposure to those risks? Weight all that against the cost/premiums in the context of what you can afford.

 

[virtuamike]

If it's for personal use and you're a renter, then renter's insurance would be a good idea. If it's for business, then get commercial equipment coverage.

 

[virtuamike]

Originally posted by: corkyg
I have decided to be "self-insured." Main reaon is the difficulty of establishing and processing a claim. Damage is one thing, but theft requires a complete police report, etc. I do have coverage of my camera equipment on a household floater, but the same rules apply. By the time they factor in depreciation, etc., I figured I would just pay the premiums to myself and go from there.

Basically, I play the odds. The only people who constantly benefit from insurance policies are the insurance companies.

Everyone's situation is different. I wouldn't dismiss insurance.

 

[corkyg]

Originally posted by: virtuamike
Everyone's situation is different. I wouldn't dismiss insurance.

Not dismissing it - simply saying the same thing differently and applying it to my specific case.

Insurance on anything requires careful analysis. How much deductible can you handle is another factor. Definitely, it is not something where one size fits all.

In some replies above, I detect a merging of insurance with extended warranty coverage. They are not the same thing.