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  1. #11
    Senior Member
    carguy's Avatar

    Re: Photography Insurance

    Yep. More peopole need to understand these basics.


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    Joe

    D750 | 50mm f1.8G | Tamron 70-200 2.8 VC
    Fujifilm X100T | Nikon F3/T, N90s | Minolta A5, XG1 & X-570
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  2. #12
    Senior Member
    Bill16's Avatar

    Re: Photography Insurance

    Wow Great heads up buddy! I'm sure glad you posted that BC!

    I looked at the insurance site Joe buddy, and it seemed like it might be pretty good. But what the hell do I know. Sorry buddy, this is too much for my poor brain. It just makes me think I should stay out of the deep end of the photography pool!
    Last edited by Bill16; 09-11-2014 at 06:21 PM.
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  3. #13
    Senior Member
    Browncoat's Avatar

    Re: Photography Insurance

    Sorry, I got sidetracked.

    I used to have Hill & Usher before I switched to Nationwide. In all honesty, H&U is a bit cheaper than what I have now, even with my Nationwide discount. However, that was a personal choice for me. I have all of my stuff with the same agent, who is local and a personal friend. Anyway, sidetracked again...

    H&U is sort of the defacto company for a lot of working photographers. I think you can get a discount through PPA/ASMP and other groups, if you have memberships with them. I never had to file a claim, or really had much dealings with them to form any kind of opinion on their service. Price was reasonable, and they're one of the few who have a niche in this business. If you were able to ask around on a wider scale, I think you'd find that H&U are among the most widely used.

    [EDIT]

    Pretty sure H&U does a lot of this niche stuff. Now that I think about it, I'm almost positive they're the same company that provides insurance to newspaper carriers.
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  4. #14
    Senior Member
    Browncoat's Avatar

    Re: Photography Insurance

    Quote Originally Posted by carguy View Post
    Yep. More peopole need to understand these basics.
    Yep, very important. 90% of any insurance is applied to how the property that is insured is being used. And if that use falls under any kind of business/commercial, then people are sh*t outta luck. I've seen a lot of people get burned. The previous examples were just what-if's, but here's one that actually happened:

    A gentleman walked into our office one day with some estimates. He was a doctor who owned a practice just a few blocks away. He hired some guy to mow the lawn at his business, and the guy had backed his truck into the doctor's building and caused some damage. He hit a water or electric meter, and damaged some masonry. The guy gave the doctor our info as his auto insurance carrier. And we were. We had his personal auto insurance. But...

    That's commercial use, not personal. No commercial policy = no coverage, plain and simple. Even just showing up to mow a lawn on someone else's property is viewed as a part-time landscaping business, and unless you have your ducks in a row, you can get burned. The doctor's business insurance wouldn't cover it either, because his policy (and most) require the use of real contractors for work done on the property.

    Moral of the story: I get up in arms about a lot of "pros" and their outdated business models and the snobbery of what it means to be a "pro" vs "Joe". But when it comes to insurance...it's no joke. I'm all for people doing photography on the side and earning a few bucks, but for goodness sake, at least have the common sense to protect yourself.
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  5. #15
    Senior Member
    carguy's Avatar

    Re: Photography Insurance

    Great info - thank you
    Joe

    D750 | 50mm f1.8G | Tamron 70-200 2.8 VC
    Fujifilm X100T | Nikon F3/T, N90s | Minolta A5, XG1 & X-570
    Detroit Imagery / My weekly contributions /
    About.me
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  6. #16
    Senior Member

    Re: Photography Insurance

    Very good advice. I myself have an Inland Marine policy. My State Farm agent told me that's what I needed to do things right. And yes your right, it's only $160 yr.
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  7. #17
    Senior Member
    mrpbnm's Avatar

    Re: Photography Insurance

    Quote Originally Posted by Browncoat View Post
    I have Nationwide business insurance...
    Everyone on this forum who is reading this, who is:
    • a homeowner or renter
    • has photo equipment of any kind, any $$$
    • has a vehicle


    Do yourselves a huge favor and call your insurance agent today and get an INLAND MARINE policy for your personal photo gear. Don't let the name fool you. It's for high value items like jewelry (and photo gear). All insurance companies have them, and they are a separate policy from your homeowners/renters and auto policies that protects your stuff just about anywhere under any circumstance: theft @ home, coverage on vacation (even overseas), covered while in your car, etc. Because it is a standalone policy, if you need to file a claim, it will not count against your home or auto policies. A typical Inland Marine policy costs $100-$200 per year. Agents will be happy as a pig in slop to write one for you because it increases their policy count, and they are no-hassle, no-frills. It's pretty much pure commission for them.

    There is a lot of "lawyer speak" in any insurance policy. Get yours out and read them, and I 100% guarantee there are exclusions under the "Use" sections of your home and auto policies that leave gaping holes in your coverage when you think you have it.
    @Browncoat Will the inland marine policy cover photo equipment used for business or is it only for personal use equipment? Also, are drops and spills covered? I just dropped a camera and lens at my job that is going to cost $1100 to repair. Of course my company will pay for that, but had it been my business' camera, I'd be stuck with the repair bill...

    mrpbnm
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  8. #18
    Senior Member
    Challenge Team
    Eyelight's Avatar

    Re: Photography Insurance

    Quote Originally Posted by mrpbnm View Post
    @Browncoat Will the inland marine policy cover photo equipment used for business or is it only for personal use equipment? Also, are drops and spills covered? I just dropped a camera and lens at my job that is going to cost $1100 to repair. Of course my company will pay for that, but had it been my business' camera, I'd be stuck with the repair bill...

    mrpbnm
    Browncoat wonders through every now and then, but in case he does not see your note for awhile, I can add a couple thoughts.

    Inland Marine policies are written for personal and/or business equipment. I think the basic policies will cover fire, theft, etc, but you can add coverage for accidental damage or loss. Best to check with your insurance agent of choice and read the policy.
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  9. #19
    Senior Member
    sonicbuffalo's Avatar

    Re: Photography Insurance

    @mrpbnm.....I just had my photography and jewelry covered on an inland marine policy through Farm Bureau. The agent told me that I wasn't covered for accidental drops and spills. The benefit is that if my equipment is stolen, or lost, it is covered WITHOUT any deductable. A very important decision to make for me. I didn't want to have to pay out of pocket.
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  10. #20
    Senior Member
    Browncoat's Avatar

    Re: Photography Insurance

    Quote Originally Posted by Eyelight View Post
    Browncoat wonders through every now and then, but in case he does not see your note for awhile, I can add a couple thoughts.

    Inland Marine policies are written for personal and/or business equipment. I think the basic policies will cover fire, theft, etc, but you can add coverage for accidental damage or loss. Best to check with your insurance agent of choice and read the policy.
    Just wandering through...

    Eyelight is correct.

    For the sake of simplicity, these policies are basically an extension of your homeowner's policy, and are for personal property. Not sure if it was this thread or another, but I've noted that when it comes to insurance, use is 90% of how they are underwritten. Any time the words "business use" are even a remote possibility, consult with an agent to specifically outline what coverage you need. 9 times out of 10, a commercial policy is the best course of action if those words come into play.
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