Welcome to MyCameraInsurance.com, your headquarters for finding Camera Insurance to fit all of your needs. As I’m sure you know already, protecting your camera gear against peril and damage can be extremely important. The equipment you lug around everyday costs money, and what would you do if it was damaged? Do you have the expertise to repair it yourself? Or more commonly, the money to repair it or purchase new equipment? This threat of financial stress is what drives people to purchase insurance everyday. Just how you buy insurance to protect your car or home, you can purchase insurance coverage for your camera equipment.
Trust me, I know it can be difficult to know where to start. Fortunately, you have a few options as to how you can cover your camera equipment against peril, some of which I have laid out here for you.
| Homeowner’s Insurance: With most Homeowner’s and Renter’s policies, your personal property is protected against peril (number and extent of perils covered is determined by your policy, i.e. Named vs Open Peril). Typically with a Homeowner’s policy, personal property coverage is afforded in the amount of 50% of the home’s insured value. Inside of this general coverage, there are specific categories by which are insured to a certain extent. For example, a typical policy may only provide coverage up to $1000 per item, and a maximum total of $2500 for jewelry under a covered loss. Based on your specific policy, your camera equipment may be covered for certain perils to an extent under electronics (if equipment is considered an electronic by definition). Read More about Homeowner’s Camera Insurance… |  |
| Personal Articles Floater: As detailed above, typical Homeowner’s and Renter’s Insurance provides basic coverage for your camera and equipment. Depending on your policy, you can add a floater for specific items you would like additional coverage on. Typically these items are jewelry, furs, or other expensive items which are valued beyond the general coverage provided by the policy. Typically people obtain a floater when their camera equipment exceeds the general coverage provided by your homeowner’s policy. This coverage is also provided on a named or open peril basis dependent on the coverage you choose. Read More about adding Scheduled Coverage… |  |
As depicted above, this coverage is usually afforded for those photographers that do not own a commercial business or make much money with their photography. If you use your camera outside of typical recreation use, or for business purposes, it is typically wise to pursue coverage through one of the options listed below as you may be better protected against peril.
| Commercial Insurance: If the typical use of your camera equipment is for business purposes, then a commercial policy may be your best option. Within your basic Homeowner’s policy, there are exclusions which limit the coverage provided. Once specific exclusion, business property, limits the amount of coverage for damage caused by a covered peril to property used specifically for business purpose (i.e. camera equipment). A commercial policy does not carry this exclusion or limitation as it is built primarily for business risks, including personal property damage. Further, your commercial policy can cover those additional risks you face as a commercial entity including general liability coverage, worker’s compensation, etc. Read More about Commercial Camera Insurance… |  |
| Inland Marine Insurance: This coverage is different than those listed above as it is primarily used for covering property which is in transport (land, sea, air). Inclusive of this property can be your camera equipment. Historically this coverage was named such because it covered those items which were being transported over sea. Since then, the coverage has extended to land and air transport. Typically this type of policy is for property which has no permanent location or cannot be confined to a central location. Specifically within this type of policy, camera insurance is pursued through a Equipment Floater, which covers commercial equipment that is often moved around. Read More about Inland Marine Insurance… |  |
