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Thread: Equipment Insurance

  1. #1

    Default Equipment Insurance

    Hey guys ...

    Anyone here is presently paying premiums for equipment coverage for their Camera and Accessories?

    Am looknig for one that covers against theft-loss, damage blabla...

    Notice that there are such available services in UK and America but am having problems locating one in Singapore..

    Any Advice?

    Thanks

  2. #2
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    Default Re: Equipment Insurance

    For insuring while in singapore don't think have. But when travelling, should have.

  3. #3
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    Default Re: Equipment Insurance

    are a insurance agent fren? i'm sure we all have 1 agent fren.....
    D70s-er Since 2005

  4. #4
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    Default Re: Equipment Insurance

    Ask your insurance broker about the AXA SmartHome plan. The coverage is good for all your personal home contents, camera gear included. Additional benefits include coverage whilst traveling and is not just limited to your photo gear but other personal belongings like jewelery, watch etc...

  5. #5
    vince123123
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    Default Re: Equipment Insurance

    In any insurance plan, please check the per item coverage. Some travel insurance only cover S$500 per item or less.

  6. #6
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    Default Re: Equipment Insurance

    Quote Originally Posted by vince123123
    In any insurance plan, please check the per item coverage. Some travel insurance only cover S$500 per item or less.
    The plan I recommended covers the actual value of the property, up to a maximum plan coverage (starts from $15,000). It's quite flexible and great for camera equipment which usually costs more than $500 a piece.

  7. #7
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    Default Re: Equipment Insurance

    Quote Originally Posted by Terence
    The plan I recommended covers the actual value of the property, up to a maximum plan coverage (starts from $15,000). It's quite flexible and great for camera equipment which usually costs more than $500 a piece.
    How's the premium like? But does look good if you know you're travelling to a dangerous place

  8. #8
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    Default Re: Equipment Insurance

    Quote Originally Posted by _espn_
    How's the premium like? But does look good if you know you're travelling to a dangerous place
    For $30,000 coverage, the premium is about $600 per year, payable monthly or annually.

  9. #9
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    Default Re: Equipment Insurance

    Quote Originally Posted by Terence
    For $30,000 coverage, the premium is about $600 per year, payable monthly or annually.
    Looks pretty reasonable, worth a look at

  10. #10

    Default Re: Equipment Insurance

    Quote Originally Posted by _espn_
    Looks pretty reasonable, worth a look at

    Hm.. in that case, it does look like UK- USA offers a much better deal for insurance premiums.


    Hm..sad sad.

  11. #11
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    Default Re: Equipment Insurance

    Quote Originally Posted by Bleuwhale
    Hm.. in that case, it does look like UK- USA offers a much better deal for insurance premiums.


    Hm..sad sad.
    SG kia-si one, won't bother about such stuff... so have a plan is better than no plan.

  12. #12
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    Default Re: Equipment Insurance

    best insurance is to take good care of it!
    D70s-er Since 2005

  13. #13
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    Default Re: Equipment Insurance

    Quote Originally Posted by zcwnfx
    best insurance is to take good care of it!
    You cannot prevent natural disasters and theft

  14. #14

    Default Re: Equipment Insurance

    Simplistically, $600 per year for $30k coverage, it should be worth it if you think you have a more than 2% chance of claiming

    For a comparison of risks (unfortunately US-based), see http://www.livescience.com/forcesofn..._of_dying.html

  15. #15
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    Default Re: Equipment Insurance

    Quote Originally Posted by _espn_
    You cannot prevent natural disasters and theft
    true :P

    hmmmm, but is it true that cameras often suffer from human disasters more?
    D70s-er Since 2005

  16. #16
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    Default Re: Equipment Insurance

    Quote Originally Posted by Terence
    For $30,000 coverage, the premium is about $600 per year, payable monthly or annually.
    Who's offering it?
    Andy Ang :lovegrin: - "A Photo speaks a thousand words. Have you spoken today?"
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  17. #17
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    Default Re: Equipment Insurance

    Quote Originally Posted by Andy Ang
    Who's offering it?
    Perhaps if you read the earlier posts you might find the answer to your question.
    Last edited by Terence; 20th July 2006 at 11:19 PM.

  18. #18
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    Default Re: Equipment Insurance

    You mean AXA SmartHome plan?
    Andy Ang :lovegrin: - "A Photo speaks a thousand words. Have you spoken today?"
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  19. #19

    Default Re: Equipment Insurance

    Quote Originally Posted by Terence
    Ask your insurance broker about the AXA SmartHome plan. The coverage is good for all your personal home contents, camera gear included. Additional benefits include coverage whilst traveling and is not just limited to your photo gear but other personal belongings like jewelery, watch etc...

    Home contents insurance ONLY cover loss of valuables while its inside the house. ie, due to burglary or fire. It does not cover the items once its taken out of the house. There is also a cap on the amount claimable (plan dependant) based on category. Cameras and accesories are under a single category (eg, Photographic equipment) and not valued individually. So if your plan states $1,000 or $500 cap per category of equipment, thats the max you can claim regardless of the total value.

    However, you can proposed to have your equipment assessed individually and valued accordingly instead of blanket cover. This will not be cheap and it will still cover ONLY burglary or fire damage while inside your home.

    Coverage while travelling is when you're away and your house is broken into or caught fire. Once your valuables leave your home, this policy will not cover...period.
    Last edited by el69; 20th July 2006 at 11:31 PM.

  20. #20
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    Default Re: Equipment Insurance

    Ya loor.
    Andy Ang :lovegrin: - "A Photo speaks a thousand words. Have you spoken today?"
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