by Guest » Mon May 10, 2010 11:52 am
I'm a photographer since I stepped into my teens. I do have some expensive and rare cameras as well as equipments collected from far off places. I am about to begin shopping for insurance, but before that I'd like to be sure of what I should be looking for.
Posted: Tue May 11, 2010 12:46 pm Post Subject:
Get whatever you wish, but make sure that it covers your camera and equipment from damages, theft etc. Get each of your equipments listed with the carrier.
Posted: Wed May 12, 2010 11:33 am Post Subject:
Get each of your equipments listed with the carrier.
I guess it's the headache of your insurance agent. He'll check if you've listed all items with their respective serial numbers, models, design and price.
Posted: Thu May 13, 2010 02:45 am Post Subject:
You'll need what's commonly called an equipment "floater" or "schedule" type of policy. They're commonly available through agents and agencies that cover commercial and business risks; usually an independent agency and not an Allstate, Farmers, State Farm or similar. The coverage you need is true business coverage and a Businessowner's Policy (a "BOP") won't do it, no matter what any agent tells you. A BOP might be perfectly appropriate for your other needs, but not the cameras.
There are equipment floaters (called "floaters" as the coverage goes wherever the equipment goes, it "floats along with the camera") specifically designed to protect exactly what you're worried about. They can be added to your current business policy (get a basic one, they're cheap) for an additional premium. The premium can be cheap or spendy depending on what's being insured. You will need to provide values and information on how the cameras are used and other things to fill in the blanks, but there's normally no problem obtaining the coverage.
InsTeacher 8)
Posted: Fri May 14, 2010 07:40 am Post Subject:
They can be added to your current business policy (get a basic one, they're cheap) for an additional premium.
Will all business insurance carriers be able to offer such floaters?
How does the basic one vary from a more composite one?
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