Get everything insured or part of gears insure?

badboy1984

badboy1984

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I'm up to the stage where I feel i need to get my equipment insured.

I was think shall I get all my equipment insured or only get the camera plus the expensive lens insured?

All my nikon primes like 28mm f2.8AI, 35mm f1.8 AFS, 50mm f1.8 AFD and 135mm f2.8 AI is pretty cheap.

Flash gun is cheap as well. The cost for each individual item cost no more than £200 to buy, but the Nikon 28-70 f2.8, Sigma 70-200 f2.8 and The camera cost abit more so i was wondering shall i get those 3 piece insure or just insured everything instead.
 
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My experience in insuring with the current company I use now is low cost items don't add much to the overall yearly cost. It really depends on the overall percentage of the total value. For example, if you had £2000 of insured items and added the 50 and 135 with a value of £300, it won't make a lot of difference so you might as well add them.

This current company I'm with wants replacement value as well, not necessarily used prices or depreciated value of your equipment. That increases the amount you want covered. I've had some in the U.S. depreciate the value of my equipment over time so it is more of a pro-rated value on claims. This current company also want a list the items but only want the serial numbers on the items £1500 and over.

The bigger changes in costs come with the level of coverage you choose. For instance, amateur/hobby or professional. Coverage while abroad for a max of 30 days or any amount of time away from home. Insured for 1 or 2 million in liability and legal representation, etc.

Call for quotes but I have a feeling adding your small items won't make a big difference as I don't really see it with mine. Depends n how expendable your small items are. I also have my tripod and tripod head included in my overall coverage as well but then again that equals about £1000 replacement value.
 
texfoto said:
My experience in insuring with the current company I use now is low cost items don't add much to the overall yearly cost. It really depends on the overall percentage of the total value. For example, if you had £2000 of insured items and added the 50 and 135 with a value of £300, it won't make a lot of difference so you might as well add them.

This current company I'm with wants replacement value as well, not necessarily used prices or depreciated value of your equipment. That increases the amount you want covered. I've had some in the U.S. depreciate the value of my equipment over time so it is more of a pro-rated value on claims. This current company also want a list the items but only want the serial numbers on the items £1500 and over.

The bigger changes in costs come with the level of coverage you choose. For instance, amateur/hobby or professional. Coverage while abroad for a max of 30 days or any amount of time away from home. Insured for 1 or 2 million in liability and legal representation, etc.

Call for quotes but I have a feeling adding your small items won't make a big difference as I don't really see it with mine. Depends n how expendable your small items are. I also have my tripod and tripod head included in my overall coverage as well but then again that equals about £1000 replacement value.
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Sorry don't mean to hijack the thread any suggestions on insurers, I too was considering insurance as I might invest in some f2.8 Nikon glass as an Xmas present to me :)
 
Many insurers will require you to insure all of your equipment. If you only insure 75% of it, then they will only pay out 75% of any claim. Check the details very closely with your insurers.
 
whacko77uk said:
Sorry don't mean to hijack the thread any suggestions on insurers, I too was considering insurance as I might invest in some f2.8 Nikon glass as an Xmas present to me :)
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I'm currently using Imaging Insurance. I've been happy with them but I havne't made a claim either. :lol:

It is not necessarily true you must insure everything you own with my insurance as you have to list a description of items and a state a replacement value for it. Definitely always read the fine print. For instance, I've read stories about a camera body being lost at sea or stolen only to find out the insurance company won't replace it until they can see the item to verify the claim. I guess it is to guard against insurance fraud but that is something I would not want to have to deal with in the policy I choose.
 
StewartR said:
Many insurers will require you to insure all of your equipment. If you only insure 75% of it, then they will only pay out 75% of any claim. Check the details very closely with your insurers.
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:thinking:

How would they know, unless you told them,or it was something that got stolen/reported to the Police, but wasn't on the list of insured kit :shrug:
 
The thing is i got two lens that i don't know how to declare the value, which are the 28mm f2.8 AI and 135mm f2.8 AI (both Nikon).
 
badboy1984 said:
The thing is i got two lens that i don't know how to declare the value, which are the 28mm f2.8 AI and 135mm f2.8 AI (both Nikon).
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Those are old lenses but you can ask the insurance company what they accept for a cost of replacement on a product no longer produced new.

If they will take a used cost from a reputable store that sells them then you are fine. Grays has your 135 AI for £250 and the 28 AI for about £275 in excellent but used conditions. I've linked a list of their used manual lenses for sale below.

Manual Focus lenses at Grays of Westminster
 
texfoto said:
I'm currently using Imaging Insurance. I've been happy with them but I havne't made a claim either. :lol:

It is not necessarily true you must insure everything you own with my insurance as you have to list a description of items and a state a replacement value for it. Definitely always read the fine print. For instance, I've read stories about a camera body being lost at sea or stolen only to find out the insurance company won't replace it until they can see the item to verify the claim. I guess it is to guard against insurance fraud but that is something I would not want to have to deal with in the policy I choose.
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Thanks I'll have a look.
 
texfoto said:
I'm currently using Imaging Insurance. I've been happy with them but I havne't made a claim either. :lol:
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I use Imaging Insurance as well, and I'm very happy. I have made several claims over the last 4 years, for a wide variety of incidents involving damage, loss, theft etc. and I have generally been impressed with the manner in which they have handled the claims.
 
All my gear is insured throught the house insurance, checked and double checked with them, as long as each item is less than 2K then it is covered, anything over that I have to have valued then still ok, I said what about lens on camera is that one item, the answer was as long as they can be seperated they are two items.

saved me a fortune.

spike
 
I've recently insured all my gear with Photoguard. If you go to their website and get a quote you can add as much or as little as you want. I've got new for old cover and as my gear has been acquired over the last year I've listed it all. I got £8000 worth of cover with travel cover and a £250 excess for around £250. In my opinion its well worth it, just for peace of mind. I couldn't afford to start again, would have to nick the wifes camera back.
 
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