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Travel Insurance - Photography gear

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1. Posted by SamCh (Budding Member 26 posts) 7y

I'm looking to find some travel insurance that will cover $14,000 worth of photography gear in addition to everything regular travelers insurance covers.

I'd prefer to find a company in the United States.

The two I had been looking at are: Travel Insurance Direct
www.travelinsurancedirect.com.au

and
http://www.worldnomads.com/ - World Nomads
World Nomads dropped the ball hard core, if you read the fine print there is a special clause for photography and jewelry equipment.

"Reimbursement for any individual object may never exceed 50% of the insurance sum. The maximum reimbursement for photo equipment and jewellery amounts to 50% of the insurance sum."

The max they allow - at least from the email they gave me is $1000. In reality if your $1000 camera is stolen you get $500 coverage for it.

Travel Insurance Direct would write me a new plan BUT... they are based out of Australia and the whole time difference/currency/phone issue is less then favorable.

Ideas?

2. Posted by fabyomama (Respected Member 560 posts) 7y

Perhaps you should be looking at separate insurance if you're professional(?) It would need to be for it to be valid. It also gives a host of other covers, but it's expensive.

Failing that, home insurance could be really worth a look. Mine covers my stuff indefinitely throughout Europe and up to 30 days worldwide with full refund up to £10.000. I can also extend the 30 days if needed, but sadly, I haven't needed to yet. :(

3. Posted by Redpaddy (Inactive 1004 posts) 7y

All you need to do, is go to a broker (either on-line or along your High Street - I'd recommend the latter) and tell them your exact requirements. They will be able to check through all the policies they sell, to find the one that most suits your needs.
I think you'll discover that even the very best policies available, will have an excess per item to pay on a claimed loss.

[ Edit: Edited on 05-Jul-2009, at 03:14 by Redpaddy ]

4. Posted by Sam I Am (Admin 5588 posts) 7y

Just wanted to clarify that World Nomads is actually not based in the US either... it's an Australian company, underwritten by different insurers depending on where you go I believe. I've always had to insure my laptop separately for trips as most just hardly cover this kind of equipment at all. Unfortunately these extra insurances are really expensive.... but that's also exactly why most travellers insurance companies put a max on the expensive equipment. It's the most commonly stolen/broken/damaged and insurance wouldn't be affordable if they covered it for everyone.

[ Edit: Edited on 06-Jul-2009, at 03:20 by Sam I Am ]

5. Posted by SamCh (Budding Member 26 posts) 7y

Quoting Sam I Am

Just wanted to clarify that World Nomads is actually not based in the US either... it's an Australian company, underwritten by different insurers depending on where you go I believe. I've always had to insure my laptop separately for trips as most just hardly cover this kind of equipment at all. Unfortunately these extra insurances are really expensive.... but that's also exactly why most travellers insurance companies put a max on the expensive equipment. It's the most commonly stolen/broken/damaged and insurance wouldn't be affordable if they covered it for everyone.

Just out of curiosity how much did you pay a month for your laptop insurance and what was the coverage amount?

-S

6. Posted by Sam I Am (Admin 5588 posts) 7y

It's a yearly insurance, so also covers me within Norway for a number of things, not just theft. These insurances aren't cheap though :( I think the one I've got now is about 250-300 USD per year. My newest laptop is cheaper though, and as the price is directly correlated to the value of a new laptop, it'll probably be half the price. I'm guessing the price is roughly 10% of the new value...

7. Posted by samsara_ (Travel Guru 5353 posts) 7y

Hey,

Just my two cents: if you are taking serious camera equipment with you then I think you will really have to do some research because I dont know of any travel policy that would cover that. Have you considered seperate cover for your camera equipment?

I used World Nomads when I did a RTW. I took out extra cover on my camera and ipod, but when they were robbed I got back a paltry amount. Even though I'd paid a higher premium with those two items specifically detailed as having extra cover, I still had problems. Another point to note that isn't always clear when taking out the policy is that, for electrical items, they will only cover them if you can produce proof of purchase. So, have your guarantees, receipts, manuals etc. stored at home somewhere so taht you can have them sent to you in the event that the worst happens, or make photocopies of receipts and bring with you...just in case.

World Nomads did, on the other hand, cover almost 100% of my medical bills when I got seriously ill in South America, so on that score they were fine.

I read an article in a a photography magazine here in the US the other day specifically outlining the pitfalls of trying to adequately insure camera gear. I'll dig it out when I get home later and, if there are any good recommendations, i'll come back to this thread.

8. Posted by SamCh (Budding Member 26 posts) 7y

Quoting samsara2

Hey,

Just my two cents: if you are taking serious camera equipment with you then I think you will really have to do some research because I dont know of any travel policy that would cover that. Have you considered seperate cover for your camera equipment?

I used World Nomads when I did a RTW. I took out extra cover on my camera and ipod, but when they were robbed I got back a paltry amount. Even though I'd paid a higher premium with those two items specifically detailed as having extra cover, I still had problems. Another point to note that isn't always clear when taking out the policy is that, for electrical items, they will only cover them if you can produce proof of purchase. So, have your guarantees, receipts, manuals etc. stored at home somewhere so taht you can have them sent to you in the event that the worst happens, or make photocopies of receipts and bring with you...just in case.

World Nomads did, on the other hand, cover almost 100% of my medical bills when I got seriously ill in South America, so on that score they were fine.

I read an article in a a photography magazine here in the US the other day specifically outlining the pitfalls of trying to adequately insure camera gear. I'll dig it out when I get home later and, if there are any good recommendations, i'll come back to this thread.

Yeah I noticed the details in world nomads... that's what caused my concern for finding insurance in the first place.

They really skimp out on electronics and jewelry - not paying anything really.

9. Posted by fabyomama (Respected Member 560 posts) 7y

Photo associations should help narrow your search.

10. Posted by SamCh (Budding Member 26 posts) 7y

For those curious as to how this turned out.

I was able to cover $16000 worth of gear under a home owners maritime coverage... whatever that means.

Total cost $230 FOR A YEAR!. Some of the other travel places were quoting me $100 a month.

I should also note that is has a $250 deductible and covers just about everything - theft, damage, lost ect. None of that 50% cost crap and max item cost coverage like world nomads either...

$450 to replace $16000 if anything bad happens sounds like a deal to me.

Long story short I am pretty excited.

Thanks for the ideas.

:)

[ Edit: Edited on 09-Jul-2009, at 15:47 by SamCh ]

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