Insurance -- the big discussion thread

Robert Poulton · June 4th, 2003, 01:02 PM

Brad,
I'll have to sign up for that one. Sounds like a good deal.

Rob:D

Jeff Price · June 4th, 2003, 03:09 PM

These are usually riders on your policy (I have the same thing on all of my optical gear). There may be a catch though if you use the equipment professionally. That might require a different policy/rider and I'd bet it's more expensive!

Brad Higerd · June 4th, 2003, 03:46 PM

Jeff,

When setting up this additional coverage, I was asked if the camera was used professionally. After telling him that it was presently only costing me money, my agent told me the difference in cost for professional use is nominal. He has never mislead me before.

Brad

Benjamin Taft · June 4th, 2003, 09:42 PM

My XM-2 is hopefully on the way and I'm in the lookout for a good insurance. My homeowners policy (Trygghansa) only covers valuables that cost less then $1200. If I wan't my camera covered I have to buy an extra seperate insurance costing me about $90.

Any of our swedish comminity members have any suggestions/recomendations for what companys plan I should go with?

Also what is the standard practice if you need to make use of your insurance. Do you usually have to wait a long time for them to approve things and then buy it through some company that they have contacts with? I would like to know what I should demand/expect from them.

Boyd Ostroff · June 5th, 2003, 08:40 AM

I have all my computer, photo and video gear covered under a rider on my State Farm homeowners policy as well. Last winter my wife had a break-in at her apartment where she was staying while attending grad school out of town. A digital camera, laptop and some peripherals were stolen. State Farm was great and I got reimbursed for everything within a month or two.

They sent me a check. The only thing that wasn't fully covered was a two year old digital camera. They pro-rated its value based on age, however they offered another hundred bucks or so if I submitted a receipt for purchase of a replacement. They just wouldn't cover anymore if we didn't replace. It turned out to be a non-issue since digital cameras have gotten so much cheaper these days, I was able to get her something better than the old one for the amount they paid.

In all respects, I've been very happy with my State Farm homeowners and auto policies. But it's also important to have a good agent to deal with.

Stephen Schleicher · June 5th, 2003, 11:40 AM

I too have seperate riders for my equipment. I have a rider for my laptop that I take back and forth to work so if it get lost or stolen it will be covered. I made sure all my video equipment and computers are also covered under seperate riders. Not that much extra money at all.

Steve Nunez · June 7th, 2003, 07:27 AM

Would anyone have information on how to get insurance for apartment dwellers?

I must have a good $20G or so in my place and don't have a lick of insurance- apartment insurance seems like a good investment- can anyone point me in the right direction?

Paul Sedillo · June 7th, 2003, 07:34 AM

<<<-- Originally posted by Steve Nunez : Would anyone have information on how to get insurance for apartment dwellers?

I must have a good $20G or so in my place and don't have a lick of insurance- apartment insurance seems like a good investment- can anyone point me in the right direction? -->>>

Steve your best bet is to locate a local insurance agent and secure renters insurance. Any of the large companies should be able to provide this type of coverage (State Farm, Farmers, Allstate). Ask around (friends, family, etc.) and get a recommendation. I would call several of the aforementioned companies and get quotes.

Boyd Ostroff · June 7th, 2003, 08:18 AM

Paul is correct. You really should have insurance, not only for your posessions but especially for liability. It's one thing to lose $20,000 worth of gear but entirely another to get sued for $1,000,000! Actually the policy I had while living in an apartment was called a "homeowners" policy anyway. Talk to an agent, it isn't all that expensive.

Kevin Burnfield · June 17th, 2003, 03:23 PM

when I inquired with my agent about coverage for my equipment she said it would be covered under homeowners but only if were 'not for professional use'.

If so you've got to get a seperate rider deal for it. Be careful about that.

Jeff Price · June 17th, 2003, 03:46 PM

You may want to get the rider anyway - the coverage is probably better.

K. Forman · July 24th, 2003, 08:24 AM

Hello all-
I recently spoke with the Corporate HQ of a chain of stores, one of which I would like to use as a location. I was told it would be no problem, just send a waiver clearing them of responsibility in case of injury, and my insurance certificate.

I can guess that the certificate would be coverage in case of damages, but how much would I need, and where do I get it?

Don Bloom · July 24th, 2003, 02:28 PM

A million is minimum. Check with your insurance person that has your house and car, sometimes they will offer hazard and liability for business as well as covering your gear. If not ask who they know ,you'll probably have to go to a commerical carrier or broker.
Don

K. Forman · July 24th, 2003, 03:39 PM

Thanks Don. Any idea as to what I can expect to pay?

Don Bloom · July 24th, 2003, 04:31 PM

Keith,
That'll depend. Lot of variables. Not too bad though, I have E&O, liability, all my gear is covered no matter where or what, the only thing they won't do is edit for me, and it 's costing me about a grand a year. I have all my stuff insured for REPLACEMENT VALUE and have 2 million liability and 1/2 million E&O. It's call a Business Owners Policy or something like that.

Don

June 4th, 2003, 03:09 PM	#92
Jeff Price Major Player Join Date: Apr 2003 Location: Chico, California Posts: 357	These are usually riders on your policy (I have the same thing on all of my optical gear). There may be a catch though if you use the equipment professionally. That might require a different policy/rider and I'd bet it's more expensive! __________________ Jeff Price Flickerflix Nature Videos flickerflix@yahoo.com

June 5th, 2003, 11:40 AM	#96
Stephen Schleicher Regular Crew Join Date: May 2003 Location: Hays, KS Posts: 188	State Farm Rocks I too have seperate riders for my equipment. I have a rider for my laptop that I take back and forth to work so if it get lost or stolen it will be covered. I made sure all my video equipment and computers are also covered under seperate riders. Not that much extra money at all.

June 7th, 2003, 07:27 AM	#97
Steve Nunez Trustee Join Date: Jan 2002 Location: Pembroke Pines, Florida Posts: 1,418	Would anyone have information on how to get insurance for apartment dwellers? I must have a good $20G or so in my place and don't have a lick of insurance- apartment insurance seems like a good investment- can anyone point me in the right direction? __________________ Steve Nunez-New York City www.stevenunez.com

June 7th, 2003, 07:34 AM	#98
Paul Sedillo Major Player Join Date: Jul 2002 Location: Houston, TX Posts: 607	<<<-- Originally posted by Steve Nunez : Would anyone have information on how to get insurance for apartment dwellers? I must have a good $20G or so in my place and don't have a lick of insurance- apartment insurance seems like a good investment- can anyone point me in the right direction? -->>> Steve your best bet is to locate a local insurance agent and secure renters insurance. Any of the large companies should be able to provide this type of coverage (State Farm, Farmers, Allstate). Ask around (friends, family, etc.) and get a recommendation. I would call several of the aforementioned companies and get quotes. __________________ Paul Sedillo Image::Studio http://www.image-studio.com Houston, Texas

June 17th, 2003, 03:46 PM	#101
Jeff Price Major Player Join Date: Apr 2003 Location: Chico, California Posts: 357	You may want to get the rider anyway - the coverage is probably better. __________________ Jeff Price Flickerflix Nature Videos flickerflix@yahoo.com

June 4th, 2003, 01:02 PM	#91
Robert Poulton Major Player Join Date: Nov 2002 Location: Portland, OR Posts: 245	Brad, I'll have to sign up for that one. Sounds like a good deal. Rob:D

June 4th, 2003, 03:46 PM	#93
Brad Higerd Regular Crew Join Date: Jan 2003 Location: Orlando, FL Posts: 186	Jeff, When setting up this additional coverage, I was asked if the camera was used professionally. After telling him that it was presently only costing me money, my agent told me the difference in cost for professional use is nominal. He has never mislead me before. Brad

June 4th, 2003, 09:42 PM	#94
Benjamin Taft Regular Crew Join Date: Feb 2003 Location: Gothenburg, Sweden Posts: 52	My XM-2 is hopefully on the way and I'm in the lookout for a good insurance. My homeowners policy (Trygghansa) only covers valuables that cost less then $1200. If I wan't my camera covered I have to buy an extra seperate insurance costing me about $90. Any of our swedish comminity members have any suggestions/recomendations for what companys plan I should go with? Also what is the standard practice if you need to make use of your insurance. Do you usually have to wait a long time for them to approve things and then buy it through some company that they have contacts with? I would like to know what I should demand/expect from them.

June 5th, 2003, 08:40 AM	#95
Boyd Ostroff Wrangler Join Date: Dec 2002 Location: Mays Landing, NJ Posts: 11,802	I have all my computer, photo and video gear covered under a rider on my State Farm homeowners policy as well. Last winter my wife had a break-in at her apartment where she was staying while attending grad school out of town. A digital camera, laptop and some peripherals were stolen. State Farm was great and I got reimbursed for everything within a month or two. They sent me a check. The only thing that wasn't fully covered was a two year old digital camera. They pro-rated its value based on age, however they offered another hundred bucks or so if I submitted a receipt for purchase of a replacement. They just wouldn't cover anymore if we didn't replace. It turned out to be a non-issue since digital cameras have gotten so much cheaper these days, I was able to get her something better than the old one for the amount they paid. In all respects, I've been very happy with my State Farm homeowners and auto policies. But it's also important to have a good agent to deal with.

June 7th, 2003, 08:18 AM	#99
Boyd Ostroff Wrangler Join Date: Dec 2002 Location: Mays Landing, NJ Posts: 11,802	Paul is correct. You really should have insurance, not only for your posessions but especially for liability. It's one thing to lose $20,000 worth of gear but entirely another to get sued for $1,000,000! Actually the policy I had while living in an apartment was called a "homeowners" policy anyway. Talk to an agent, it isn't all that expensive.

June 17th, 2003, 03:23 PM	#100
Kevin Burnfield Major Player Join Date: Dec 2002 Location: Princeton, NJ Posts: 363	when I inquired with my agent about coverage for my equipment she said it would be covered under homeowners but only if were 'not for professional use'. If so you've got to get a seperate rider deal for it. Be careful about that.

July 24th, 2003, 08:24 AM	#102
K. Forman Capt. Quirk Join Date: Apr 2002 Location: Middle of the woods in Georgia Posts: 3,596	Locations and Insurance Certificates Hello all- I recently spoke with the Corporate HQ of a chain of stores, one of which I would like to use as a location. I was told it would be no problem, just send a waiver clearing them of responsibility in case of injury, and my insurance certificate. I can guess that the certificate would be coverage in case of damages, but how much would I need, and where do I get it?

July 24th, 2003, 02:28 PM	#103
Don Bloom Inner Circle Join Date: Jan 2003 Location: Chicago, IL Posts: 6,609	A million is minimum. Check with your insurance person that has your house and car, sometimes they will offer hazard and liability for business as well as covering your gear. If not ask who they know ,you'll probably have to go to a commerical carrier or broker. Don

July 24th, 2003, 03:39 PM	#104
K. Forman Capt. Quirk Join Date: Apr 2002 Location: Middle of the woods in Georgia Posts: 3,596	Thanks Don. Any idea as to what I can expect to pay?

July 24th, 2003, 04:31 PM	#105
Don Bloom Inner Circle Join Date: Jan 2003 Location: Chicago, IL Posts: 6,609	Keith, That'll depend. Lot of variables. Not too bad though, I have E&O, liability, all my gear is covered no matter where or what, the only thing they won't do is edit for me, and it 's costing me about a grand a year. I have all my stuff insured for REPLACEMENT VALUE and have 2 million liability and 1/2 million E&O. It's call a Business Owners Policy or something like that. Don