Is Camera Insurance Necessary?

lost camera of the forest

 

Imagine the following scenario: You’ve finally leaned into your approaching middle age and along the way, you’ve discovered your love for hiking (it’s just walking, but in nature!). You’ve set off on a hike in picturesque Mount Mitchell, North Carolina, camera in hand. You snap some shots of the spruce-fir forest, an impressive view that has been known to trigger extreme FOMO when it comes up in your Instagram feed. Now it’s your turn to experience it. Click. 

 

Mount Mitchell

 

 

During lunch, you look forward to going through all the shots on your DSLR camera. As you set down your sandwich and reach for the camera, it’s… not there. It’s at that moment that you realize you lost it. Oh no. 

It’s bad enough that all of your photos are lost, but the cost of replacing your Canon will definitely put all of your future hiking trips on hold. You may need to sell your mountain bike now!

But there are ways to avoid paying out of pocket for your lost or stolen camera.

 

Get a free quote from Insurious, you can get coverage to secure your equipment now:

Camera Equipment Insurance

 

 

 

 

Is damage to your camera covered by general liability insurance?

 

Do you already have homeowner or rental insurance? If so, you’re one of the over 50 million Americans whose stuff is covered while at home. Good for you! But if your stuff get lost, damaged or stolen while outside of your place of residence you are not covered. Bad for you!. 

 

 

What does general liability insurance not cover?

 

If you cause damage to your own belongings, it isn’t covered by contents insurance. This is called “first-party loss”. So, if you accidentally spill your latte on your camera, or drop it in a canyon when you try to capture that perfect shot – it’s not covered. 

Also, if you use your camera for business-related purposes, then damage probably isn’t covered by your insurance either. 

 

 

How much is the refund? 

 

Home contents insurance is a so-called replacement value insurance. That means, in the event of an accepted claim, you would be reimbursed for the replacement value, which is the amount the same camera would cost in the store if you were to buy it again today. So-called unappreciated depreciation.

 

 

What if something happens to my camera when I’m away from home?

 

Another big advantage of house contents insurance is off-premises coverage.

Off-premises coverage is part of your homeowner policy, and it covers your stuff if it’s stolen or damaged outside of your home. For example, if someone snatches your camera from your locked hotel room, you’d be covered. 

Worth noting: Off-premises coverage is usually limited to 10% of the total amount insured. So if you have 30,000 euro of coverage, the external insurance will only cover up to 3,000 euros.

What happens if someone steals your camera equipment from inside your car? 

In most cases, electrical equipment, including cameras, isn’t included in car burglary coverage. However, it’s important to read the fine print of your insurance policy to really understand your coverage. 

 

 

The Insurious Anti-Theft Package 

 

If you buy an Insurious camera equipment policy, you get Anti-Theft coverage automatically in the USA without any additional cost and Worldwide for a small added cost. With this, your belongings are protected against theft from anywhere in the world. If your claim gets approved, you’ll get reimbursed for up to the amount insured not the depreciated value.

It makes no difference to Insurious what type or how old your camera is when you apply for coverage. Your stuff is covered from the moment you buy the policy. BTW, with Insurious you get automatically, the lowest possible deductible of only $200. 

Apart from Homeowners’ or Rental insurance (with or without the Anti-Theft Package) – it’s worth checking if the camera company or distributors might cover damage to your favorite camera. More on this topic below…

 

 

What does the distributor’s warranty &  manufacturer’s warranty cover? 

 

Here’s the good news:  Because your digital camera is considered electronic, it comes with a distributor’s warranty of 12 months. But what exactly does that mean? 

A distributor’s warranty generally covers production, material, and design defects.  But this warranty only applies if your camera was defective from the start. If you bought a defective item, the refund falls under the responsibility of the seller or distributor, like Media Markt or Amazon. You can contact the store and request a repair, or if it’s completely defective, you can request a new device entirely. 

Pretty straightforward, right? 

If it’s been less than six months since you bought the camera, you shouldn’t run into any problems with the distributor. After six months, however, you will be required to demonstrate that the camera was defective from the start, which could be tough to prove.  

 

 

What about the manufacturer’s warranty?

 

You usually get a manufacturer’s warranty on an item for either one or two years  – but the specific terms of the warranty are unique to the manufacturer.

 If something happens to your camera within the first one or two years after purchase (including any damage you may have caused yourself), you can contact the manufacturer. Rechargeable batteries are usually excluded from this warranty. 

That brings up the question you’ve all been waiting for: 

 

 

So, what does professional & photography insurance cover?

 

Here’s what’s covered by professional & photography insurance: Your camera, portable video equipment (digicam and camcorder), and photography equipment, such as lenses, shutters, and tripods.

In addition to your personal cameras, coverage often includes cameras and photographic equipment used purely for business purposes. 

 

 

What type of damage is covered?

 

Usually, professional insurance covers your camera for the following:

  • Drop and breakage-related damage
  • Liquid and water damage
  • Operating errors
  • Short circuit, lightning strike, fire & overvoltage
  • Construction defects
  • Theft, burglary, and robbery (some providers require that the camera was stolen from a secure area for this coverage to apply).

With any insurance coverage, it’s important to check the terms and conditions of the policy to decide if the coverage makes sense for you. 

Find coverage that fits your lifestyle: If you spend a lot of time outdoors, it doesn’t make sense to choose insurance that doesn’t cover breakage.

Know when coverage starts: Check if there is a 4-week waiting period between buying the insurance and activating the coverage.

Good to know: Cameras older than 12 months don’t qualify for coverage from most insurers. 

Before we go any deeper, you should ask yourself the following questions: 

  • How much did your camera cost? Would it be worth it for you to invest in insurance on a monthly basis to cover it? 
  • If your camera was damaged or stolen, how financially devastating would replacing it be?

And now for the moment, you’ve all been waiting for: 

 

 

Is it worth it to get camera insurance?

 

According to experts, if your camera isn’t worth more than 500 euros, special camera insurance is probably not a savvy financial move for you. 

According to Chip, the insurance only becomes worth the cost when the value of the camera is over 1,000, if not 1,500 dollars. Professional photographer David Köster agrees, saying that the insurance only really becomes necessary when the value of the camera plus the camera equipment is in the four-figure range. 

It’s not just the price off the shelf that counts, it’s also about how much gets reimbursed if you file a claim. When figuring out your coverage, make sure that you get back the replacement cost. With some insurance providers, after two years they will only reimburse the actual cash value. You can think of that as the Ebay price of your camera. 

As you may have guessed, the difference between replacement value and actual cash value can be pretty significant. 

And while you’re comparing policies and crunching the numbers, be sure to check if your insurance includes a deductible or not. Most insurance companies start at $500.

 

 

Summary

 

If you have a very expensive camera and accessories that you often use outdoors, then camera insurance might be worth it for you. Be aware of the limitations of professional and general liability insurance coverage and don’t be shy to discuss coverage directly with your insurance company if you have any questions. We designed an active live chat just for that.

If you have a mid-priced camera, the coverage provided by the distributor’s and manufacturer’s warranty in addition to your contents insurance policy is probably enough. 

Insurious offers specialized camera insurance at this time and has got your camera equipment covered.

 

Get a free quote in seven-minute or less:
Camera Equipment Insurance

 

Article by

Maurizio Festa

Marketing Director – Insurious

 

 

 


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Insuring Your Camera? Here’s What You Need To Know

Discover all the options you have in insurance cameras & camera’s equipment.

Your equipment deserves proper cover – who provides the best camera insurance in 2021?

We all want the best camera – so surely we need the best camera insurance to go along with it. After all, we sink serious cash into our kit – so if the worst happens and it gets lost, damaged or stolen, you want the proper protection in place.

With the best DSLRs and mirrorless cameras commanding well over a grand – and even the best compact cameras getting up there in price – it’s more important than ever to make sure you have the right insurance cover for your camera. And that’s before you even get to the rest of your kit bag!

Think of all the camera accessories in your setup, from flashguns and tripods to microphones and ND filters… not to mention the glass! Telephoto lenses, prime lenses, quirky Lensbaby lenses – you can easily end up with a collection of optics that are worth more than your actual camera.

And if you photograph at weddings, shoot live music, or cover any other events where you’ll be mixing with large groups of people, you may well find that your general household insurance might not cover these situations.

What camera insurance should I buy?

The question is, whatever the particular insurance premium may cost, is the alternative – no insurance – something that you can really afford?

Feel free to ask our equipment insurance specialist via live chat or phone.

Insurious is the best camera insurance option for USA photographers in 2021. here is why:

Comprehensive insurance protection for photographers without voluntary parting exclusion.

Insurious offers insurance protection for both photographers and video makers, helping protect your business and enable it to quickly recover from any catastrophes. With its policies underwritten by Athos Insurance, Insurious offers USA national photographic equipment coverage but also the option to extend it with Worldwide inclusion at a small extra cost ( limitation applies ), making it the perfect solution for the traveling photographer.

Making sure applications are quick and easy, there are two main insurance policies option offered to photographers and videographers, namely Long Term and Short Term. Long-term policies are designed to provide coverage on an annual basis while short terms are prepared for events and defined periods of time.

Most insurance companies offer policies with a voluntary parting exclusion clause. The “voluntary parting” exclusion clause provides that “The insurance carrier will not pay for loss caused by loss resulting from your, or anyone acting on your express or implied authority, being induced by any dishonest act to voluntarily part with title to or possession of any property.”  Voluntary parting exclusions do not apply to Insurious offered policies making them the best equipment insurance of 2021.

To have a practical example: You lend the camera to someone that never returns it or returns it damaged.  In this case Insurious offered policies will cover your equipment loss there where most carriers wont.

With Insurious you can create your own policy by using the website quote tool customizing options and extend coverage to best fits your need,  you can also call or chat with the insurious team directly to discuss your options.

 

 


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How Affiliate Marketing Works & Insurious Partners Programs

Are you interested in becoming an affiliate marketer? Have you been considering working with affiliates? Or are you simply curious about how affiliate marketing works?

If you answered yes to any of those questions, and you have limited knowledge about how affiliate marketing works, then you’re in the right place. The concept isn’t hard to grasp. By the end of this blog post, you should have a solid understanding. So let’s get going!

What Is Affiliate Marketing?

Affiliate marketing is a form of internet marketing. Companies (sometimes referred to as advertisers or merchants) pay people (affiliates) based on their performance promoting an offer via an affiliate link.

In a nutshell, if you’re an affiliate (also referred to as a publisher), you use your skills as a marketer to refer your audience to a product or service. When someone in your audience decides to buy a product or service and take an action based on your recommendation, you get a commission or kickback.

Affiliate Marketing

Who Are Affiliates?

An affiliate can be an individual or a company. Most of the time, affiliates are bloggers or other content makers. They’re usually in industries that are the same or closely related to that of the company whose products they’re promoting.

Affiliates are people who help promote a product or service by writing posts, making videos, and conducting other marketing efforts. When an affiliate’s visitor makes a purchase or submits a lead form on the affiliate company’s website, the affiliate gets paid.

Affiliates can also promote affiliate companies by publishing things like banner ads and text links. Whenever a lead is generated, the publisher is paid a commission.

Affiliate Links

After signing up with an affiliate program, you’ll get an affiliate link or a special URL that contains your affiliate username or ID. You use this link whenever you mention the advertiser’s product on your website or in other marketing efforts, such as on social media.

Whenever one of your audience members clicks on your affiliate link, a cookie is dropped into their browser to track them. If they become a customer, the company knows it received that customer from you and you get credit.

Does It Cost To Join An Affiliate Program?

There is no charge to join an affiliate program. However, some promotion strategies will cost if you choose to use them. For example, while your blog won’t cost you anything but your time, pay-per-click marketing, email campaigns, and social media ads will require an investment.

Do You Need Qualifications To Be An Affiliate Marketer?

Anyone can become an affiliate marketer, and there are no standard qualifications.

However, knowing how to write a blog post, string a great review together, or do video are all a big plus because they mean you don’t have to pay for content in the beginning. Also, any existing marketing knowledge you have will be a great advantage to you.

Start Earning Today!

There’s no limit to what you can earn with affiliate marketing. It’s up to you to learn how affiliate marketing works and see how far you can scale this incredible business model. It takes a bit of effort at the beginning but when you hit that sweet spot and everything aligns, it’s a great feeling.

Now that you know how affiliate marketing works, why not test the waters? After all, it could be your golden goose, but you’ll never know unless you try!

Try Insurious Affiliate Program & get $10 sign up bonus instantly.  Learn More

 


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Photography Insurance – Protect Yourself and Your Equipment

The risks photography businesses face can be significant. So are the costs associated with these risks. Camera insurance is a must. Whether you’re a serious hobbyist photographer or a seasoned pro.

At the very least, camera insurance will help you replace a cracked lens.  Here’s what you need to know about camera insurance.

 

Equipment and Camera Insurance

When you buy photography or camera insurance, use a company that specializes in photography. General insurance brokers may not be able to tailor the policy to your requirements.

As with any type of insurance, there are a lot of variables. Understanding what your needs are will help you determine the best photography insurance. Equipment insurance will be an option that you can choose as part of your DSLR camera insurance package. Photography gear is very expensive. The damage caused to a dropped lens may cost you thousands of dollars if they aren’t insured. No matter how careful you are, accidents happen more often than you think.

 

Tripping over a tethering cable can mean knocking over your laptop and tripod. And your expensive camera.
This is not an option you should skip over, as the likelihood of needing it sooner or later is great.
When speaking with the insurance representative, be specific. Make sure you discuss the fields in which you photograph. It may influence the final price of your policy. Depending on the company, this may not have any bearing. But it’s good to be upfront and direct with your insurance provider. Want to learn more chat with an insurance specialist at Insurious.us

 

 


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Audio Visual & Lighting Equipment Insurance

Many sectors rely extensively on audio, visual and lighting equipment. With this reliance comes the need to protect against material damage and subsequent financial losses. Insurious is a specialist equipment Insurer with its policies underwritten by Athos Insurance, Insurious offers USA national music equipment coverage but also the option to extend it with Worldwide inclusion at a small extra cost ( limitation applies ) and can tailor comprehensive and flexible coverage to protect the sensitive equipment used by today’s businesses.

The audiovisual market is one that has seen substantial growth over the past decade. With the emergence of new markets and fast-paced technological advances, this growth is predicted to continue long into the future. Cover can be arranged for equipment while away from the premises and whilst hired out to customers or hired in from a provider. Whether this equipment is owned or hired we can provide wide-ranging All Risks cover, additional expenditure and business interruption including where damage is caused as a result of a breakdown. Audiovisual solutions are widely used throughout the corporate, broadcast and recording sectors and range from the hire of a few items to the use of highend technical solutions for conferences or exhibitions.

Such equipment may include:

• Projectors

• Plasma & LCD screens

• Videowalls & whiteboards

• TV, video & radio broadcast equipment

• Cameras

• Recording studio equipment

• Portable lighting & sound equipment

Commercial property policies may only provide limited protection for electronic equipment and additionally, some Insurers may be unwilling to cover equipment that is mobile and away from the premises.

If you are in the audiovisual business and would like to learn more about how to insure your equipment consider contact Insurious team via live chat or by phone. You can also use the quick quote form on the Insurious website.


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Complete Guide to Understanding Equipment Insurance

Understanding the minefield that film production and production equipment insurance is a challenge.  I wanted to bring on the show Kathrine Wong and Aylene Villarin from  Athos Insurance to left the vail on all things filmmaking insurance.

 

Now I know what you are saying…a podcast about insurance, snore! but to be honest it’s a fun episode with tons of knowledge bombs. Enjoy my conversation with Kathrine Wong and Aylene Villarin from Athos Insurance.

 

 

Listen to “IFH 257: Complete Guide to Understanding Film and Production Equipment Insurance” on Spreaker.

 

 


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