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Thread: Insurance

  1. #1

    Default Insurance

    Hi all,

    Not sure if anyone has started this thread before. If so, please forgive me....

    Has anyone insured your digital SLR cameras and lens? Either a general insurance or a trip insurance. Or if you now of other types of insurance....

    I was told that if I insure my equipments, the insurance company would depreciate the value year by year, not sure what is the depreciation rate. Did not get the chance to ask. Any insurance agent out there able to comment? Would that mean that if we lost or demage our equipment, we would not get a full refund, or at least the market value?

    Please advise....

  2. #2
    Join Date
    Apr 2005

    Default Re: Insurance

    Depreciation goes by month rather than year, general insurance is only good for the first year, the rate is usually 5%, check with NTUC direct. Agent won't make good money out of these


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