Just insured my camera gear......

mson wrote in post #4882888
Reeforbust, yeah it does sound illegal but we are dealing with insurance companies. It's also legal for them to discriminate based on age/gender so...

Oh boy, do I know this for a fact. $4K car. 8 years old. 100K miles.
Type? Hyundai Tiburon (2000). Style? Coupe. Age? 19 going on 20 July.
Car payment? $100/mo. Insurance? Full coverage with Progress.
Car is in dad's name. Insured on their policy with me added.

Price I pay (and average quote I've gotten 'on my own'):
$250/mo vs $275-$450/mo[SIZE=2]

Oh and this was DOWN from $315/mo. That happened shortly after my
19th birthday when I got a wonderful non-moving citation.
But to end this off-topic rant... For that price, I need to call a local SF agent

My insurance when I was 18 (mandatory in UK) on a <1L peugot 105 that was about 15 years old was over £2000, or about $4000 at the time.

The car was only worth about £400/$800

Insurance companies are the scum of the earth - they'll always shaft you if they can

Rick_the_Uneducated wrote in post #4970695
Insurance companies are the scum of the earth - they'll always shaft you if they can

EXACTLY.

And god forbid you come to collect one day after paying out-the-ass for years.

I still need to call my agent and inquire about the depreciation issue... I want to know that they are going to pay me in full for the lost or damaged items no matter how long I have had them insured should I ever need to make a claim.

UPDATE:

I just got a call from my insurance agent and they told me that the underwriter needs the serial numbers off my equipment.
[SIZE=2]Originally they just needed a list of what I had and an estimated value.....I knew it was to good to be true! Now how do I explain the 1Ds Mark III that I have insure but I uhh......Ummmm, don't have a serial number....Hmmmm......y​eah, I dropped the camera and it just happened to hit a file shaped rock the took the serial number right off that sucker!
Honest Sir!

Reeforbust wrote in post #5014754
UPDATE:

I just got a call from my insurance agent and they told me that the underwriter needs the serial numbers off my equipment.
[SIZE=2]Originally they just needed a list of what I had and an estimated value.....I knew it was to good to be true! Now how do I explain the 1Ds Mark III that I have insure but I uhh......Ummmm, don't have a serial number....Hmmmm......y​eah, I dropped the camera and it just happened to hit a file shaped rock the took the serial number right off that sucker!
Honest Sir!

LOL thats too funny!

do you guys earn money using this equipment and is it part of a business?

It seems like when I asked three different agents about this type of policy they all tried to get me to sign up for homeowners/renters policies as well as a business policy. they asked a ton of questions and some agents never got back to me. I finally got a quote for $180/yr for $10k coverage with a $1k deductible. That's not a deal.

I'll have to recheck into this but maybe its because I live in NJ....we get the short end of the stick all the time.

I gotta get this soon as I just made some big purchases.

thanks

wetclay wrote in post #5541647
do you guys earn money using this equipment and is it part of a business?

It seems like when I asked three different agents about this type of policy they all tried to get me to sign up for homeowners/renters policies as well as a business policy. they asked a ton of questions and some agents never got back to me. I finally got a quote for $180/yr for $10k coverage with a $1k deductible. That's not a deal.

I'll have to recheck into this but maybe its because I live in NJ....we get the short end of the stick all the time.

I gotta get this soon as I just made some big purchases.

thanks

I told my insurance agent from State Farm that I sometimes to make money off of my photography equipment and she said thats fine but I would have to do a business plan. It was very little more than the personal plan so I was okay with it. I think mine was about $300 for $15k worth of coverage. You should check out State Farm if you havent already.

^ I've been talking to my SF agent also. What I got was, "The rate for computers is $2.20 per $100. For example, a $2,000 computer would cost $44.00 for the year. The rate for photography equipment is $1.20 per $100. So, a $2,000 piece of equipment would cost $24.00 for the year."

I recently insured about $4,200 worth of gear for $55 through State Farm. Excellent deal.

My insurance is through Liberty Mutual (LM). When I inquired about insuring my computer and photography equipment, LM said that there is not necessary because it covered under my homeowner's policy.

Question: is there any downside to having my gear covered under my homeowner's policy? Also as a side note I'm just a hobbyist.

rodal126 wrote in post #5568599
Question: is there any downside to having my gear covered under my homeowner's policy?

The stuff might not be covered if it's not in your house, like say, travelling in Europe.

But I'm not 100% sure and they're all a little different.