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Archive 2013 · CPS evaluation loan question

  
 
butterfly2937
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p.2 #1 · CPS evaluation loan question



JohnBrose wrote:
For insurance, call your agent and check. I have a commercial photo equipement policy so it's probably a little different, but I just call and add the lens to my policy and then when I'm done, they remove it from the policy and credit me back any premium that wasn't used as if I had it for the whole year. My policy doesn't really have a provision for rental-which you aren't actually doing so I just treat the lenses as I've purchased them. If you actually go through a rental place like lensrentals.com-they have insurance that you buy through them-this
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No policy will allow you to add rented equipment. You would have to basically tell them you purchased it. Most insurance companies including mine will ask for the purchase receipt. I have wanted to get a loan from CPS but the issue with insuring the item has stopped me every time.So just realize that if something were to happen to the equipment you could be stuck replacing it. It’s really better to use lens rental or some other place that offers insurance on the rented equipment.



Feb 22, 2020 at 07:43 PM
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