Digital Camera Insurance

Home »

The Complete Picture of Digital Camera Insurance

From the amateur photographer to the professional photographer, cameras are a way to capture those special moments in life to share with others and preserve memories forever. However, because of their portability, it is easy to have them lost, stolen or damaged. These technological marvels range in price from the low end of the scale all the way up to pricy high end models. Because of this insurance companies offer the option of low cost digital camera insurance policies.

Camera Damage and Insurance

Everyone knows someone who has accidentally dropped their camera into water. This can be a traumatic event when the screen is turned on only to watch the colors blur together and the screen slowly shut down again. Stuffing the camera into a bag of silica gel overnight may help, but it is more than likely the camera will be permanently damaged. The camera can also suffer damage if it is dropped. The screen may crack, the lenses may break or the digital components may be compromised. With digital camera insurance, the insurance company will pay to have the camera repaired or replace it in these scenarios.

Theft Coverage

Thieves are also an ever present problem for camera owners. A fancy camera set up is a tempting target for anyone looking for a quick payout. These items are hard to trace and easy to pawn. Others criminals may take a camera simply as a crime of opportunity. While it is impossible to replace the memories on the SDHC card, it is possible to alleviate the costs involved with purchasing a new unit. With digital camera insurance, if the camera is ever stolen, a new one will be sent as a replacement once the claim has been processed.

Extending the Extended Warranty

Digital cameras also have a limited extended warranty period offered by the manufacturer. Even if the camera has exceeded the coverage time, having digital camera insurance can pay if there is a problem. This type of insurance allows policy holders to take their cameras in to the repair shop in order to get the issue diagnosed and the malfunction repaired quickly and easily. For professional photographers, this prevents them from losing valuable working time. Casual camera aficionados will also benefit from the ability to have their camera’s repaired when they break down.

Premium Rates

As with any insurance, the price of any insurance premiums is based on the chance of a claim and the cost of the equipment. Some people choose to add there digital cameras to their home owner’s policy. However, the cost of a new camera can easily exceed the policy coverage limits or be too low to be worthwhile when filing a claim. A digital camera insurance policy is designed specifically to cover camera equipment. Work with an insurance provider to determine which coverage plans and what exactly it covers before deciding which company to go with.

A digital camera is an investment. It is the way to share with others the visions of the photographer. Losing a camera from damage or theft can be a problem though. Not only are those memories lost, but the hassle and expense can be extensive. Digital camera insurance prevents this issue by providing a low cost way to repair or replace the camera and is an excellent option for consumers.