Just make sure that you get REPLACEMENT coverage, and not some other
coverage that might assume some depreciated value. I had about $8000 worth
of telescope and camera equipment stolen about a year ago, and my insurance
company went out to find the replacement cost - with my suggestions where
to go - on the equipment and then used that as the figure to reimburse me.
This included tax! Of course, I had receipts for everything - including
those for a used OM-1n, and some lenses. Everything has since been
replaced. It was really quite a hassle, but it was worth the $300 or so a
year renters insurance.
Regards,
Dan M.
At 11:42 AM 1/1/99 -0500, you wrote:
>At 05:40 AM 1/1/99 -0800, you wrote:
>>The recent unhappy story about the loss of a Nikonos system prompted me
>>to remind this group that your homeowner's insurance policy often covers
>>the loss of such equipment -- _if_ you aren't a professional
>>photographer.
>>
>>It works like this. Equipment which is used professionally is _not_
>>covered because you are _obliged_ to take it out of the house, and it is
>>considered something desirable to steal. I'm a tech writer, so if I
>>carry my notebook computer to work, it is _not_ covered.
>>
>>On the other hand, I am not a professional photographer. So damage to or
>>loss of my photo equipment _is_ covered. (I have a supplemental policy
>>for my notebook.)
>>
>>If you don't have homeowner's insurance (or similar insurance for condos
>>or apartments), you should get it. (When I got mine a few months ago
>>from State Farm, I was flabbergasted at how cheap it was. The
>>supplemental policy for my notebook was also cheap and broad -- it even
>>covers normal breakdown of the equipment!) If you already have it, you
>>should check to see just what is covered, for how much, and under which
>>conditions.
>>
>
>Gotta watch this, tho. Most of the time, items like cameras are covered up
>to a certain amount. You will need a supplemantal rider to your coverage to
>cover you if you have a lot of stuff. And they tend to be a PITA because
>you have to submit a list of equipmet, with serial numbers, so if you tend
>to trade equipment a lot, the list gets obsolete fast.
>
>
>Regards,
>Denton Taylor
>_______________________________
>Photogallery at www.dentontaylor.com
>Panoramic and 360deg Immersive Images at
> www.threehundredsixty.com
>
>
>
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