What Is Camera Insurance
There is no other type of artist as a photographer. Professional photography equipment is an integral part of their craft. They must invest in equipment and materials as part of their craft. The quality of the camera lens is essential to the quality of photographs.
Consequently, as a photographer, you must be sure to ensure your camera (along with the rest of your equipment) in case it gets damaged, lost, or stolen. You will be less likely to incur additional business expenses if something goes wrong if you have a protection plan in place.
Describe Camera Insurance
If you have a camera (including DSLRs and SLR cameras), action camera, or camcorder, camera insurance can help you protect them from accidental damage, electrical faults, theft, and loss. Any equipment or accessories you own can also be covered.
Third-party insurers offer camera insurance as an alternative to manufacturer-sponsored policies.
Camera Insurance Covers
With a camera insurance policy, you can protect your Canon, EE, GoPro, Panasonic, Nikon, Sony, JVC, or Nikon camera from:
- The camera has been damaged by accidents, such as cracked or smashed screens or lenses.
- After the manufacturer’s warranty period has expired, there is an electrical or mechanical breakdown.
- Your camera or camcorder has been stolen.
- A camera or camcorder has been lost.
Camera insurance can also protect your camera or camcorder accessories and equipment, but this might need to be taken out as an add-on to your policy under ‘Accessory cover.’ This can include tripods, lenses, and more.
If your camera is damaged and it isn’t repairable, then your insurer can cover the cost for a replacement – check your policy has new for old cover included.
Camera Insurance For Travel
In addition to covering accidental damage, loss, and theft in case of theft, most standard camera insurance policies also cover loss and theft when traveling. If you’re planning on taking your camera abroad, read the policy documents carefully to see if there is a time limit on how many days you’re covered.
You’ll still need to practice the same safety precautions as in the UK to help make sure you’re covered. This can include keeping your camera in a locked hotel room and using any safety devices available such as a locked safe.
Some insurers may say they will only send a replacement camera to UK addresses, so you’ll need to keep this in mind if you’re a travel photographer that needs their camera while away.
Your travel insurance policy may also offer some level of cover for your gadgets.
Considerations About Camera Insurance
The policy documents of most camera insurance providers will state that they will not cover the following items:
- If you intend to use a camera or camcorder for commercial purposes, you may need business insurance for business equipment.
- The damage is caused by the aging of the camera or camcorder.
- A camera that has been intentionally damaged by you or someone else but not by a third party.
- Damage or repairs to accessories and equipment that are not manufacturer-approved or which were caused when the manufacturer’s instructions were not followed.
- Manufacturer’s defects or recall of the camera model and make.
- Cosmetic damage that doesn’t affect the camera’s performance or safety – cosmetic damage might be a dent or a scratch.
- An insurer may also say that a camera or camcorder needs to be under a certain age to be covered.
You should always read the policy wording and policy summary documents carefully before taking out cover with a camera insurance provider, so you know what won’t be covered.
Camera Insurance Cost
Depending on your choice of coverage, camera insurance will cost different amounts.
A standard policy with most providers usually includes coverage for theft and accidental damage. As part of most gadget insurance policies, you can also find mechanical breakdown coverage.
Loss coverage will typically be offered as an add-on to your policy. It will therefore increase your premium.
Should Anyone Get The Camera Insured
You may want to consider camera insurance if:
- There are expensive cameras and camcorders you’ve bought, and if anything were to happen to them, you couldn’t afford to replace them.
- If you have an action camera, you worry that it might be damaged during a photoshoot or during extreme sports – particularly if you are using it for a shoot.
- You think there’s a risk your camera or camcorder might become lost or stolen.
- You would need a replacement device soon if anything were to happen to your camera or camcorder. Some insurers will offer a replacement camera within 24 hours.
- Third-party camera insurance policies can sometimes work out cheaper than the insurance cover quoted by the device manufacturer or network provider.
- Your camera will be insured for a mechanical or electrical breakdown during the manufacturer warranty period, but this won’t cover any accidental damage, theft, or loss.
Claim Your Camera Insurance
On the website or by phone of your camera insurance provider, you can make a claim. You can ask your provider what to do next, including any evidence that’s required and how long it’ll take to complete the repairs.
You will need to submit proof of the device purchase date when filing a claim.
Most providers say you need to let them know within 48 hours of discovering there’s a problem with your camera or camcorder if it’s been damaged. If your device is lost or stolen, it’s better to let your insurance provider know within 24 hours of discovery.
Does Home Insurance Cover Your Camera
It may be possible for you to get limited cover for your camera or camcorder through an existing insurance policy like contents insurance, but you’ll have to verify whether the policy includes enough coverage.
The accidental damage coverage for your devices might not always be included in your home insurance policy.
If you claim for your gadget on a home insurance policy, you will still have to pay an excess fee, which can be much higher than a gadget policy. And a claim on your home insurance policy will then make your future home insurance policies more expensive.
Cameras and camcorders can also be insured as part of a gadget insurance package. It may make sense to get a multi-gadget discount if you have a camera, laptop, and mobile phone all covered under an umbrella policy.
Policies cover each gadget for accidental damage, mechanical breakdown, and theft and provide the allowance of a claim based on the type of device.
Business Insurance For Cameras
You may want to consider taking out additional insurance if you intend to use a camera or camcorder for business:
In case a public member is injured during a photoshoot or damage is caused to their property, the accident is caused by the equipment you use for photography.
The insurance protects your business in the event that an unhappy client makes a claim against you. Suppose you lose any client photos and they want compensation.
Do you need insurance for your camera?
You and your equipment must evaluate the risks to decide whether to take out dedicated camera insurance. It is worthwhile to consider it if you live in a high crime area or regularly shoot at places that are even at a moderate crime risk.
Is it possible to ensure a used camera?
Many home and renters insurance policies can cover your professionally used camera and gear up to a certain amount (in insurance terms, this is called a sublimit).
Does homeowners insurance cover camera equipment?
Your camera is covered at home if you have contents insurance, up to a specified amount (this amount is listed on your policy but is usually around $2,000).
What is the insurance of photography?
The purpose of photography insurance is to protect photographers and videographers against financial loss caused by damage to their equipment or lawsuits.