Jason_Brook Offline Upload & Sell: Off
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I'm finally looking to insure all my gear as a hobbyist; I make no money from doing this. I reached out to State Farm and got interesting proposals as quoted below.
How is accidental damage NOT covered but "oops, I lost it" is Does this seem right to anyone else? This is a quote for $14k worth of gear.
To insure all of the equipment with a 0 dollar deductible, the cost will be around 118.00 a year. If you are interested in moving forward, I will need the serial numbers of all the items.
It’s much like your homeowner’s policy, except it includes mysterious disappearance, which a homeowner’s policy does not cover. That would just mean that you lost the item. The other covered losses would include:
Theft, fire or lightening, windstorm or hail, smoke, power surge, vandalism.
In the case of a camera falling into water or you dropping and damaging it, that would not be covered. But if you lose the equipment, you would have coverage. If you were to file a claim for any of the above reasons, you would pay nothing out of pocket, because the deducible is zero.
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