++UPDATE++ Camera insurance will my gear be covered?

redmonkee

redmonkee

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PHILIP
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Just looking through the t&c's with aaduki and I noticed this line

"Basis of Settlement: Your equipment is covered on a new for old basis, provided that it was purchased new and the sum insured for each item is the current replacement cost of that item
(or the nearest equivalent if no longer manufactured) allowing a margin for inflation.
All new items with an individual sum insured of £1000 or more must be listed and notified to the insurer, otherwise they are not covered."

Does this mean I can't get cover as
a. My 2 x 1D3's were purchased used from MPB
b. My 300 2.8 purchased used from Ebay
c. My 135L bought used on the B&S forum on here

Anyone covered with them able to help?
 
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Give your house insurance a bell.... My gears on it - not on your house insurance but on my own :lol:
 
I have an 80-200 lens covered with them that I bought 2nd hand and they are covering it for the full replacement value of the nearest item which is a 70-200. I still have the emails where this was discussed with them.

I will give them a ring tomorrow but with the emails they would not have a leg to stand on.
 
redmonkee said:
Darren is that with Photoguard or Aaduki?
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Aaduki. I have just located the email and have sent them another asking for an explanation. I only spoke to them last week to increase the cover and add £5M PL too. They seem pretty good but we will find out when I get a response.
 
Philip,

Having read that again it could be taken two ways either

a) only items bought new are covered

b) only items bought new are covered on a new for old basis ie 2nd hand items are covered as 2nd hand.

But like I said hopefully tomorrow I will be able to tell you. Mine is certainly covered at this moment in time due to the confirmation emails which would technically override the policy. The rules of utmost good faith work both ways in insurance!
 
I need to ring them tomorrow too, as I need to add my D700 I bought last week from eBay second hand. It never occurred to me there might be an issue, but you've made a really good point especially as I'm intending to get a 24-70 second hand at some point too! I will report back here what they say.
 
The aaduki policy terms are clear on 2nd hand:-

All very old or rare equipment, or equipment which you acquired second-hand, must be listed irrespective of its value, otherwise they are not covered.
All very old or rare equipment, or equipment which you acquired second-hand, is insured for its second-hand value.
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Well spotted, thanks!! That's a relief.. obviously I wouldn't be expecting new for second hand (heh!) but very fair if it's second hand for second hand. My D700 is my first second hand purchase so that's okay. Will be ringing them tomorrow anyway.
 
Bit of an update on this.

Phoned Aaduki and YES they do provide cover for second hand equipment.

However they only cover it for the value you paid for it. So when listing the value of your items you need to list the used prices and not the prices it would cost to replace with the equivalent new item.

I phoned Photoguard and they too provide cover for used equipment but you have to list the value at what it would cost to replace it with a new item.

So the rough estimates I have been given are:

Aaduki
£270 (includes Public Liability of £5m)
only covered for the used value.

Photoguard
£348 (Public Liability of £1m)
covered for value of new equipment
**this quote does not include in car cover, this would but the quote in excess of £500

i think out of the two I'm going to go with Aaduki. I was much more impressed with their friendly telephone manner, and didn't like the way the sales person at photoguard said that Safari was the reason why the quotes were not updating on my screen and were more expensive than they should have been :thinking:
 
Ok another bit of an update.....

Phoned Aaduki and THEY DO COVER 2nd HAND EQUIPMENT AS NEW FOR OLD but you need to ring them and confirm all the details plus give them serial numbers and discuss what the NEW item would be.

ie I rang them originally and told them that I had an 80-200f2.8 which I bought for £500 and gave them the serial number, date of purchase etc. I then told them that the current replacement would be the 70-200f2.8 vr 2 at £1750. This is now ON my policy specifically and it is covered.

I spoke to underwriting not 5 minutes ago and they said that if anyone has concerns then just ring them and it can be sorted but they DO have some types of policy that do not cover 2nd hand items the same and these are the amateur policies.
 
cowasaki said:
Ok another bit of an update.....

Phoned Aaduki and THEY DO COVER 2nd HAND EQUIPMENT AS NEW FOR OLD but you need to ring them and confirm all the details plus give them serial numbers and discuss what the NEW item would be.

ie I rang them originally and told them that I had an 80-200f2.8 which I bought for £500 and gave them the serial number, date of purchase etc. I then told them that the current replacement would be the 70-200f2.8 vr 2 at £1750. This is now ON my policy specifically and it is covered.

I spoke to underwriting not 5 minutes ago and they said that if anyone has concerns then just ring them and it can be sorted but they DO have some types of policy that do not cover 2nd hand items the same and these are the amateur policies.
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aah that explains it then. it was an amateur policy I was quoted on.

Do you think i'd be better off with a more pro level cover? due to the cost of my gear to replace being pretty high
 
redmonkee said:
aah that explains it then. it was an amateur policy I was quoted on.

Do you think i'd be better off with a more pro level cover? due to the cost of my gear to replace being pretty high
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If you get paid AT ALL then get a professional policy or you will find it might be void when you need it.

Oh and if you don't get paid at all then forget the amateur policy and stick everything on your house insurance.
 
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cowasaki said:
If you get paid AT ALL then get a professional policy or you will find it might be void when you need it.

Oh and if you don't get paid at all then forget the amateur policy and stick everything on your house insurance.
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well at the moment I don't get paid for the photography I do. I have sold a few prints to parents, but thats it.

As for sticking it on the home insurance, weill I doubt my old man would be happy with that. (yes I'm living at home :shake:) Also I didn't think the home insurance would provide the Public Liability that I need even if I'm only an amateur.
 
Checkout Towergate Camerasure Policy. You'll get Public liability, plus car cover at a reasonable price.
 
redmonkee said:
well at the moment I don't get paid for the photography I do. I have sold a few prints to parents, but thats it.

As for sticking it on the home insurance, weill I doubt my old man would be happy with that. (yes I'm living at home :shake:) Also I didn't think the home insurance would provide the Public Liability that I need even if I'm only an amateur.
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Ring Aaduki and tell them that you are starting to photograph professionally and need a pro package and ask for a quote.

I paid £26.50 per month for £12K cover with £8K allowed out of the house at once PLUS £2K1 for my Macbook Pro with NO public liability and with cover in the boot and some special additions which I will not go into but relate to very special requirement of my work.

I then rang last week and increased the cover by £2K, changed the D200 for a D300 (but same insured value as the replacement is a D300s), added £5M PL cover as now shooting public whilst not at work and increased the level allowed out at once to £9K. This created an additional premium of £51 for the remaining 6 months inc their charge.

So roughly £265 + 36X2 = £ 337 for the year ISH

For £5 million PL, £13K camera (£9K at once), inc car cover, inc a £2K1 laptop.........

Seems very reasonable to me....
 
Just rang them and I'm very happy. It was only a little extra to add my second hand D700 on, and that's with a new-for-old basis too (i.e. insured for £1800, not the £1350 I paid second hand). Very reasonable indeed!
 
aaduki seem very reasonable and include 'in-car' as long as you take reasonable precautions - better to know what any limitations might be rather than assume you've got cover only to be faced with exclusions. For me, putting it on my home contents was the most expensive option of all so aaduki fitted the bill well.
 
gramps said:
aaduki seem very reasonable and include 'in-car' as long as you take reasonable precautions - better to know what any limitations might be rather than assume you've got cover only to be faced with exclusions. For me, putting it on my home contents was the most expensive option of all so aaduki fitted the bill well.
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Yes, well worth reading that section.....

For me camera is covered in protective bag/case in BOOT of saloon/Hatchback car. In van it must be in the rear of the van covered up behind smoked glass.

I also lock the peli case to the vehicle with a high security motorcycle lock and lock the peli case closed with 2 peli pad locks :)
 
Well I phoned Aaduki today and they have sent me the details of their quotation which i have to say I'm very happy with. Just need to provide a list of all items over £1000 and sign the papers and I'm all covered :thumbs:

The quote came to £230 with semi pro cover for 2nd hand value and 2M Public Liablility so I'm pretty chuffed with that. Also i must say the guy on the phone really knew his cameras and was extremely helpful, so first impressions are good :thumbs:
 
jollyjack said:
Not being tight, but do any of these companys allow monthly payment like on car/house or are they all up front company's alittle skint after my £3000 payout on my new D700 equipment
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Hi jon

Aaduki offered me an option of spreading it over 12 months but with interest

original quote £230

12 monthly option = £25.54 pm
= £306.48 per year
 
redmonkee said:
Hi jon

Aaduki offered me an option of spreading it over 12 months but with interest

original quote £230

12 monthly option = £25.54 pm
= £306.48 per year
Click to expand...

Thanks Philp, just put all my money into my latest collection and would find it easier paying monthly, but might be cheaper to be careful for a month or two and pay in one go.
 
I am sorry to hijack the thread. Would insurance pay for lens calibration and servicing? I have one outstanding job and no insurance at the moment (it pays for an extra prime every year like that)
 
Don't think this type of insurance would pay for 'maintenance', indeed in some insurance instances non-maintenance could be considered a reason for declining a claim, i.e. same principle as leaving gear on the front seat of an unlocked car - failure to exercise reasonable care.
 
I need to get insurance soon so I'll phone Aaduki up as they seem pretty decent going by this thread, thanks.
 
redmonkee said:
Hi jon

Aaduki offered me an option of spreading it over 12 months but with interest

original quote £230

12 monthly option = £25.54 pm
= £306.48 per year
Click to expand...

That just can't be right, £76 extra through interest? I think what you'll find is you only pay for ten months, then nothing for the last two, that's what I'm doing with them. The interest is 11% on the balance after paying the first payment on a card.
 
Dman said:
That just can't be right, £76 extra through interest? I think what you'll find is you only pay for ten months, then nothing for the last two, that's what I'm doing with them. The interest is 11% on the balance after paying the first payment on a card.
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Hi Dave

your right it is 11% interest. I just assumed it would be over 12 months but I think you might be right about the 10 months :thumbs:
 
Even 11% is pretty steep, but over 30% would have been criminal! :police:

Hopefully I'll never have to claim, but from what i hear, they are better than Photoguard and especially E&L.
 
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