Equipment Insurance

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Gav - 20 Sep 2007 13:24 GMT

I've just bought a new camera and a couple of lenses for around £2.5k. I'm
thinking that I should probably get them insured for accidental damage and
theft, so I am looking for recommendations for companies who affer this
type of cover. I'm just a novice so I don't need Pro cover, just something
that will cover me mainly for within the UK but with option for Worldwide
cover for when I go on holiday (max 3 weeks a year). After googling I came
up with 2 but there must be more than that.

thanks

Gav

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Trev - 20 Sep 2007 14:44 GMT

> I've just bought a new camera and a couple of lenses for around £2.5k. I'm
> thinking that I should probably get them insured for accidental damage and
[quoted text clipped - 7 lines]
>
> Gav

Most of the Camera maker clubs offer competitive insurance with reliable
brokers.

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Mark Dunn - 21 Sep 2007 09:20 GMT

Many people self-insure. If it's not your livelihood it's worth considering.
The break-even is probably about 10 years.

> > I've just bought a new camera and a couple of lenses for around £2.5k. I'm
> > thinking that I should probably get them insured for accidental damage and
[quoted text clipped - 10 lines]
> Most of the Camera maker clubs offer competitive insurance with reliable
> brokers.

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Will Wilkinson - 21 Sep 2007 09:56 GMT

>Many people self-insure. If it's not your livelihood it's worth considering.
>The break-even is probably about 10 years.

I'm paying £174 for just over £5,000 worth of pro cover - break even
would be over 28 years on the kit, and the £1 million public liability
would be several lifetimes if it is ever needed.

Will

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Will Wilkinson - 20 Sep 2007 20:10 GMT

>I've just bought a new camera and a couple of lenses for around £2.5k. I'm
>thinking that I should probably get them insured for accidental damage and
[quoted text clipped - 7 lines]
>
>Gav

I use PhotoGuard <http://www,photoguard.co.uk>, they offer both pro and
amateur cover and the rates seemed reasonable to me (I needed pro cover
though so didn't do a comparison of amateur rates). Don't know what
their like at handling claims though as I've not had to make one.

Will

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tom chisholm - 21 Sep 2007 17:54 GMT

> I've just bought a new camera and a couple of lenses for around £2.5k. I'm
> thinking that I should probably get them insured for accidental damage and
[quoted text clipped - 7 lines]
>
> Gav

Try your household contents insurance. My gear is covered "all
risks" without my having to pay anything extra.

Tom

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Malcolm Stewart - 21 Sep 2007 19:45 GMT

> I've just bought a new camera and a couple of lenses for around £2.5k. I'm
> thinking that I should probably get them insured for accidental damage and
> theft, so I am looking for recommendations for companies who affer this
> type of cover.
> thanks
> Gav

This topic comes up frequently on the Amateur Photographer website forums.
Recently (in the last 8 months) someone started a thread telling us how he
lost (dropped) his camera over a cliff edge, and how his insurers dealt with
the matter. From memory they weren't too keen on paying out as he offered
no "corpse" for them to bury.

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M Stewart
Milton Keynes, UK

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Tony Polson - 21 Sep 2007 21:42 GMT

>> I've just bought a new camera and a couple of lenses for around £2.5k. I'm
>> thinking that I should probably get them insured for accidental damage and
[quoted text clipped - 8 lines]
>the matter. From memory they weren't too keen on paying out as he offered
>no "corpse" for them to bury.

If they were one of the insurers who advertise via a flyer inserted
into some issues of Amateur Photographer, I am not in the least
surprised. They have a reputation for keenly priced premiums, but
they are apparently not at all keen when it comes to paying out money.

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Flying Rat - 22 Sep 2007 15:56 GMT

> >> I've just bought a new camera and a couple of lenses for around £2.5k. I'm
> >> thinking that I should probably get them insured for accidental damage and
[quoted text clipped - 13 lines]
> surprised. They have a reputation for keenly priced premiums, but
> they are apparently not at all keen when it comes to paying out money.

It might be worth talking to someone like Endsleigh, the old student
insurance company. I had a car policy with them for years and they were
competitive as well as being happy to go that bit further.

As they do away-from-home insurance for students, they might be able to
offer something similar for a standalone equipment policy.

http://www.endsleigh.co.uk/locator/index.html

FR

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My amateur aviation photography site
http://www.whitehatter.net

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Tony Polson - 22 Sep 2007 16:47 GMT

>> If they were one of the insurers who advertise via a flyer inserted
>> into some issues of Amateur Photographer, I am not in the least
[quoted text clipped - 9 lines]
>
>http://www.endsleigh.co.uk/locator/index.html

I would have thought that using a specialist insurer experienced in
dealing with photographic equipment might actually be a very good
idea, especially when it comes to making a claim.

I am sure Endsleigh are very good at what they do, but what experience
do they have of insuring photo gear other than as a small part of
their main business insuring students?

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Flying Rat - 23 Sep 2007 14:11 GMT

> >> If they were one of the insurers who advertise via a flyer inserted
> >> into some issues of Amateur Photographer, I am not in the least
[quoted text clipped - 17 lines]
> do they have of insuring photo gear other than as a small part of
> their main business insuring students?

I was just throwing the idea in for discussion and reference. Endsleigh
have a steady business with specialist insurance because of their
student business, so they will presumably be versed with insurance for
photography equipment as many students will have that sort of equipment.

They are part of a larger group as well as being a brokerage so they
would be able to offer some degree of choice and price competition as
well as back office experience in the subject. Something akin to a half-
way point between the smaller specialists and the generic faceless
multinationals with their one-size-fits-all policies.

if a specialist broker can't offer insurance for a user at a reasonable
rate then Endsleigh would be the next port of call for me.

FR

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My amateur aviation photography site
http://www.whitehatter.net

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