camera equipment

Ask These 4 Questions Before Buying Camera Insurance

Camera gear is expensive! According to Forbes, DSLR’s are becoming a niche market and prices are on the rise: “A new lens from Nikon, the AF-S Nikkor 180-400mm F/4E TC1.4 FL ED VR will sell for $12,400 USD, the price of a decent used car. It is a good match for the Nikon D5, which currently retails for $6,500 USD.” But if that means nothing to you and you’re still looking to make an investment, you’ll want to do something proactive and protect your equipment with camera insurance.

Before you buy, make sure you get answers to these four questions about camera insurance.

Photographer working on laptop

Do I Really Need Camera Insurance?

It depends. If you have enough money to replace your camera gear, should you ever need to, then you can be self-insured. For most photographers, a loss of thousands of dollars in equipment can hurt their business. If you’re in this boat, camera insurance is for you!

At Full Frame, we’re of the mind that every photographer needs camera insurance. Whether you freelance on the weekends or you run a full-time photography business, your equipment is at risk of being damaged or stolen.

You may face something like this on the job…

You leave your camera bag in the car and don’t return for a few hours. When you get back, you see someone has broken in and smashed your back window. To your dismay, your gear is stolen. Do you have the money to replace it before your next photo shoot?

No matter how careful you think you are, but just one slip up could cost you a great deal of money. The possibility of an accident happening is always present and you need the protection camera insurance provides.

Does My Homeowners Insurance Policy Cover My Camera Gear?

Not usually. You shouldn’t count on your homeowners insurance policy to cover your camera gear. Even if you don’t use your camera gear for a full-time photography business, making claims on your homeowner’s policy may lead to a cancelation. In order to keep your homeowners insurance policy in the clear, you should consider purchasing a separate camera equipment insurance policy.

If Something Happens To My Equipment, How Do I File A Claim?

Filing a claim on your camera insurance policy is easily done in just four steps:

  1. Report it: Depending on the severity of the situation, you might have to file a police report.
  2. Compile the paperwork: If you filed a report, make sure you get a copy and that all information is accurate. The insurance carrier will need the who, what, when, where, and how of the situation to file the claim.
  3. Fill out the claim form: With us, you can file a claim online and input all the necessary information such as your basic info and details about the incident.
  4. Wait it out: Once we receive the claim, it’s sent to the carrier to be processed. They require about 7-10 business days to assign a claims adjuster who will then call you to hash out any other details.

Is Camera Insurance Worth the Cost?

YES!

If something tragic were to happen to your gear, it could cost you thousands of dollars to replace. Camera insurance starts at just $55 on top of your annual photography insurance policy, and if you’re looking for more than just basic coverage, we offer higher coverage limits that could fit your needs. The bottom line is, with Full Frame you don’t have to worry about overpaying for coverage.

Give yourself peace of mind and give your gear the protection it deserves with proper camera insurance.

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Professional Liability

Professional liability insurance can protect your business from the cost negligence claims that arise from professional errors and omissions, like giving bad instruction or failing to provide necessary information on a subject. If you teach classes or run demonstrations as part of your business, we strongly recommend this additional coverage option.

Additional Insureds

When you add a person, event, or organization to your policy as an additional insured, they receive protection if they are named in a suit due to a covered business-related loss/claim because of your actions or operations.

Additional insured status cannot be granted to a friend or co-worker as an extension of your policy. Each individual must purchase their own policy to obtain liability coverage.

A written contract, such as a venue, studio rental, or employment contract is required to add another party as additional insured.

General Liability

General liability insurance can protect your business from the cost of third-party bodily injury and property damage claims, like if a client trips on your business equipment and injures themselves. It also protects against the cost of copyright infringement claims, personal and advertising injury claims, and more.

Damage To Rented Premises

This coverage can protect your business from the cost of claims arising from damages done to rented spaces, like a studio or event booth. It’s common for property owners and event organizers to require businesses to list them as additional insureds on a policy before renting a space. Full Frame provides unlimited additional insureds for just $30.

Camera Equipment Coverage

Also known as inland marine insurance, camera equipment coverage can protect your business from the cost of repairing or replacing damaged or stolen business equipment—including camera bodies, lenses, lighting equipment, and more. Our policy can protect against claims that occur at home, on a job and anywhere in between. Full Frame offers multiple coverage options for equipment insurance based on your business needs.