OT question re insurance for photo equipment

[Bill Armstrong]

I have a rider on my home policy that covers my photo equipment, but every time I add or drop something from the list of covered items I get hit with another service/processing fee. It's a bit like being nibbled to death by ducks.
Anyone in this forum have other alternatives that work for you?

Thanks
Bill Armstrong

[William Robb-3]

----- Original Message -----
From: "hygrade7ca"
Subject: [PrairiePhoto] OT question re insurance for photo equipment


I have a rider on my home policy that covers my photo equipment, but every
time I add or drop something from the list of covered items I get hit with
another service/processing fee. It's a bit like being nibbled to death by
ducks.
Anyone in this forum have other alternatives that work for you?


Which insurer? I have a rider through the co-operators. They don't charge me
for adding or subtracting items, though they do charge for the increase in
amount of the waiver. It's hard to get them to change though. I suspect they
don't know I've switched from Nikon to Pentax, even though I update my value
list regularly.
I really should check with them on that.

bill

[Bill Armstrong]

My home policy is through Peace Hills Trust. I think the home policy  
is good value, but getting dinged every time my list of items changes  
is irritating. Seems like everyone in this forum likes to add new  
stuff on a regular basis. ;)


Bill Armstrong
hygrade7@...

Reading is a child's get out of jail card.

[Jim MacKenzie]

I didn't see this email until today since I've been in rural Newfoundland
without the Internet.  Back in St. John's today.

 

Many insurers don't charge service fees for endorsements.  My office (I'm an
insurance broker) deals with about 8 different carriers and only a handful
of our companies have service charges, and usually only for new or renewal
policies and usually only on obscure lines of coverage.  I only have about
four homeowner's policies in total that are subject to such fees and they
are for weird situations.

 

As for scheduling photo gear, most good home policies don't have limits on
photo gear that's used for amateur use (no income).  I simply don't schedule
my gear at all.  I have a $1,000 deductible but if I lost a bag with a
couple of expensive bodies and f/2.8 zooms, that'd be a pittance.
Lower-priced gear, I can afford to lose.  I also shoot film which means that
many of my bodies are replaceable at very low costs.  If I lost my Nikon F5
I would, however, be entitled to replace it with a new F6 since I have
replacement cost insurance.

 

If you use the gear professionally, all bets are off.  You need to pay a
premium for this.  The best option I've found is through the SPPA here in
Saskatchewan.  Ordinary commercial policies tend to be much more expensive
because our loss histories in such gear are not good.

 

Jim

 

  _____  

From: PrairiePhoto@... [mailto:PrairiePhoto@...] On
Behalf Of Bill Armstrong
Sent: June 4, 2009 4:56 PM
To: PrairiePhoto@...
Subject: [PrairiePhoto] Re: OT question re insurance for photo equipment

 






My home policy is through Peace Hills Trust. I think the home policy
is good value, but getting dinged every time my list of items changes
is irritating. Seems like everyone in this forum likes to add new
stuff on a regular basis. ;)

Bill Armstrong
hygrade7@accesscomm <mailto:hygrade7%40accesscomm.ca> .ca

Reading is a child's get out of jail card.