Re: [Leica] Insurance

["Bill Christensen" <kangwei@interaccess.com>]

Kevin,

When insuring photo gear, it is imperative to insure it for full replacement
value.  Years ago, someone I know had a Leica R and some lenses stolen that
were sitting by his feet in a nondescript bag.  Since he did not have full
replacement value, his insurance company offered only one-third of the
replacement cost for new equipment.  He was out $6,000.  He now has full
replacement value and is incredibly careful with his camera bag in public.

Bill Christensen


- -----Original Message-----
From: Khoffberg <khoffberg@email.msn.com>
To: leica-users@mejac.palo-alto.ca.us <leica-users@mejac.palo-alto.ca.us>
Date: Tuesday, January 19, 1999 12:16 PM
Subject: RE: [Leica] Insurance


>FWIW
>
>I checked with my insurance agent the other day on this one.  Here's what
he
>said:
>
>1) It's all covered under the personal property part of your homeowner's
>policy anywhere in the world.  The amount of your coverage is usually
>calculated as a percent of your home's value.  If you need more, you have
to
>buy a rider.
>2) Good idea to have receipts.  Lacking that, all your serial numbers,
>description, and even a picture of your gear.  The good news with Leica,
>Hasselblad, Nikon, etc. is there is a ready market in used gear so
>establishing a value is easy.
>3) You need a police report or similar to make a claim.
>4) It's all subject to your deductible.
>
>That's what I was told.  Might even be right.
>
>Kevin Hoffberg
>
>