subject: Photographic Insurance – What do I Need to Consider [print this page] Photographic Insurance What do I Need to Consider
When it comes to spending many thousands of pounds on photography equipment the last thing you want to do is scrimp on the insurance to cover your lost, stolen or damaged gear. It is therefore vital that you thoroughly research all you need your photographic insurance to protect against and how replacements will be supplied etc. It is also important to read thoroughly each insurers policies and what they do and do not cover and make sure that it covers all you need (after all each of us have differing requirements).
Below are a number of things to consider when looking for Camera or Photographic insurance (and just remember that this list is not comprehensive, I would recommend further investigation into your own requirements):
What is being insured: One thing to bear in mind, it's not just the camera body and lens being insured, you also want to cover filters, tripods, lighting, bags and all manner of other accessories that you will be carrying or using, so make sure everything you need covered is listed. You should also be checking what is the maximum single value per item (if any), and making sure all items will be covered individually. It is also worth finding out how easy it is to make amendments as you add new equipment. Does the insurer offer new for old replacements, it may be hard to get older cameras replaced with exact models, new for old will alleviate this headache.
What is covered:Does the photographic insurance cover all your needs? Are you protected outside the home/studio or when travelling abroad, or is theft from an unattended vehicle covered? These are all questions you must ask yourself when looking for camera insurance, you want to be sure your expensive equipment will be replaced if there is a problem. It is advisable to have Public liability insurance and sometimes indemnity insurance (depending on your circumstances) so it is important to make sure you know if these are included if you need them. It is possibly most important to ask what is NOT covered as well, just to make sure.
No Claims: If you are sure everything is covered, then like most insurance you will be looking for the best deal, so remember to find out if there are no claims discounts available, and don't forget to check about excess costs, these can considerably increase or decrease your premiums.
Often it is possible to set up photographic cover with your home insurance company, and this may be fine for your circumstances but with specialist photographic insurance there are added options such as public liability insurance something that you WILL need if you plan on taking pictures professionally, but also something that all of us should consider if we take photos. There are also other options that it is worth looking into, some extra questions you should probably ask are; does your insurer cover hire costs if you need a quick replacement? Are you covered outside your home country? Is theft from a car covered? Are you covered for loss? There are too many questions to fully cover in one article.
Photographic insurance at first glance appears complicated, but as with everything insurance related once you work out what the terminology means it is quite straight forward, as long as you know what you want covered then you should be able to find what you want.
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