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Old Oct 8, 2005, 8:26 PM   #1
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Hi all.

What is the Best/ good Insurance companyto insure aCANON 20D, 70-200 2.8 and 580EX?......What would be the policies? Oops, was that a Mark 2 and a 400MM 2.8 I dropped?:idea: :G:G

thanks for replying
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Old Oct 11, 2005, 12:38 PM   #2
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In US, get a personal articles policy with state farm. You will have to show them your camera/lens etc. Cost is very resonable and covers everything.
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Old Oct 11, 2005, 2:12 PM   #3
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I second the state farm policy. Do NOT just have it added to your home-owners. First off, a claim against home owners will have a deductible. Second, a claim could affect your rates and lead to you being dropped. Personal articles is the way to go.



I had to make a claim on mine a few months ago (with State Farm) and here's what I learned.

1. They take your list of insured items and cost out a replacement value - which is very competititive with internet prices. They will either offer to replace the item or give you the $$ for THEIR REPLACEMENT VALUE - NOT THE INSURED AMOUNT. So, lets say you insure a camera for $1100 and the price drops to $800 in 6 months. You still pay premiums on the $1100 amount but they will only pay you $800. The good news is, it still ends up replacing the item so you don't lose out. But, they will not go over the stated insured amount for a particular item. So if you insure a lens for $1000 and the price for that lens goes up to $1200 - State Farm will only give you $1000. If the price of the lens drops to $800 - State Farm will give you $800.

Just something to be aware of. But, still a great experience - inside of 2 weeks my claim was processed and I had a check. They even offered to allow me to upgrade gear through their channels (again their prices were about equal to reputable on-line retailers so I kept my business at B&H). If I hadn't had that insurance I would have been out about $2300 in gear that I could not afford to replace.
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Old Oct 11, 2005, 4:58 PM   #4
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Welcome to the world of insurance claims! :sad: I think most of the big insurance companies are going with replacement value these days. The good thing is that the personal articles policy is relatively inexpensive. I paid $60 for a year to insure about $4K in camera stuff. I think that is pretty good since there is no deductible and it covers every kind of peril except for warranty type failures. I have one for a laptop as well.

H
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Old Oct 11, 2005, 9:30 PM   #5
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I have mine through Farmers Mutual, same deal, replacement value, but covered for any peril. I also have my renters ins. and auto ins. through them so there is a discount involve for multiple policies, so check with your insurance agent to see if they have the type of coverage you're looking for.
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Old Oct 14, 2005, 10:02 AM   #6
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I just went through setting this up with my insurance company for my new Digi outfit.

Total cost of my equipment was 5800.00 that I had receipts for, I did not insure stuff like batteries, chargers, memory cards etc... Just the body, 3 lenses and flash. This was added to my home owners in a ryder (think it's spelled right). My home owners deductable doesn't matter. If the equipment needs to be replaced it will be replaced with exactly what I have now if possible. 2 or 3 years from now that may not be, so it would be replaced with a comperable model up to the 5800.00 but not over 5800.00. The cost was 45.00/year.

Joe
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Old Oct 14, 2005, 1:52 PM   #7
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JohnG - How do state farm compute the cost of the lens? Let us say my lens cost me $1000 now if they replace it with a new lens, then it is fine with me but if they pay me $800, I can't buy a new lens with that amount.
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Old Oct 15, 2005, 8:36 AM   #8
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bobbyz, If the replace cost is still at $1000 for you lens, you will still get the $1000. If the replacement cost of you lens drops to $800 you will only get the $800, but will still be able to replace the lens because of the depreciated cost of a new one.
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Old Oct 18, 2005, 12:54 PM   #9
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Thanks.
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Old Oct 18, 2005, 11:14 PM   #10
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I have a floater on all my camera equipment with my Farmers Insurance Renters Policy. It is an at cost replacement, so if I proide a copy of the recept and photos when I set up the policy it will refund my everything, without questions or facoring age of equipment. I have had good resluts with farmers, To add new equipment I just fax in a copy of the reciept and photos and they add it with a day. I recently added a 360.00 Velbon tripod and I costs $3 to add on my floater and the coverage is good for a year. The policy covers theif, fire, etc. However if I drop my equipment i'm out of luck (get a commercial policy from that) Anyways, the only thing I don't like is that I often take 2 labtops with my when shooting, and they will not cover my laptop in with the camera floater policy, I wound have to set up a computer policy, but when I take possions out side the apartment I have up to 10% of my total renters policy so it covers the value of the laptops.
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