Insurance to Protect your investment

[Rick Darge]

I'm looking at insurance plans for the RedOne right now - What are you guys planning on using?

I want to be covered if I take my camera to Antartica and accidentally drop it off a ship into sub-zero degree oceans of ice. :cold:

I want to be covered if some crazy cats break into my abode and take nothing but the Red. :ph34r:

I even want to be covered if I'm shooting some fireworks and a firework accidentally gets lodged into the lens and blows my $20K investment to China. :construction:

[R Fogg]

Your home owners insurance should cover any loss due to a break in. My agent said that I would need a different policy to cover any losses incurred while I was using the camera for "work". But I was unclear if I was covered if there was a loss while using red recreationally. Still waiting to hear back from him about the details.

I am curious about international coverage as well...anyone?

rfo

[donatello b]

check with your own agent on home policy's ..
when i asked about RED they stated 17,500 is over the limit for a single item and i would need to purchase a "floater" to cover the camera for fun type projects .. if i use it for any paid work i would need to buy a different floater that states it is used as such .. if i rent out the camera ( without me ) = a different type floater ( note: each type floater cost more then other) -
production company's should provide a certificate of insurance to you but how many of us call to make sure it is good .. i've seen producers change dates and the amount of $$ the policy covers ...

[Rick Darge]

Donatello, who do you do business with? I used to have State Farm insurance for $300 a year but I dropped them after poor customer service

[J. Bernard Vallon]

My wife is a member of USAA, and they give us really good insurance for just about everything. For small business insurance, they have a partnership with the Hartford Group. Has anyone heard any good things about them?

I'm going to look into them, I expect good things.

[donatello b]

for "fun" projects ( no intent to make $$ ) i use a agent at CAL Co .. basic home is with Travelers (for "fun" projects - liability max 300k) .. floater is thru Oregon Mutual ( max liability 5 mil with 300k deductable for fun productions) ... every now & then i do need a liability certificate to shoot in public and they issue 2 certificates ...
when i need production insurance for project with intent to make $$ then i go thru the Film Arts Foundation in SF - they have a "deal " with a agent - depending on what i need cost could range from $900 per year ( 1 mil liability for documentary under 75k) to 15k per year full production package for doc with 1mil budget... dramatic projects cost more ...

[Ken Corben]

In LA I use Mann Insurance - a boutique agency with great customer service and a long history of film/equipment production insurance. I've found it's less hassle and money in the long run to simply by annual coverage for production equipment to include everything from airline theft to flooding.

They still won't cover terrorism or "acts of God" so if shooting a documentary in Iraq you may want to leave RED at home and take some used PD-150's.

Mann Insurance
10801 National Blvd
Los Angeles, CA 90064
(310) 474-8424

[Rick Darge]

What do you pay Sharkguy and how much coverage?

[Vladimir Eugene]

What do you pay Sharkguy and how much coverage?

I'm also interested in prices. And what that would cover

[Ken Corben]

The premium is a percentage of declared value, deductible amount and all the other fine print. I have attached a copy of my current policy for a $10K underwater camera system - premium is $300/annum.

Sharky

[Rick Darge]

That doesn't seem bad at all for the type of coverage you get - I like also how they know exactly what you are having covered, unlike renter's insurance where its this blanket amount that always seems to be in the gray area - So I can assume that coverage on a low-end RED system at $20K will run about $600 a year - Everyone who owns a RED should have it insured regardless because if you lost that camera some out, that would be heartbreaking for most people