Negative Film and Faulty Stock / Equipment Insurance Explained

Posted by Mike Groner on Jul 21, 2016 9:35:13 AM

Annual_Dice_Banner.jpgNegative Film / Videotape and Faulty Stock / Camera & Processing Equipment Insurance can be put in place to cover the additional expenses/costs that a production company could incur in order to re-shoot/edit footage due to a loss.

NEGATIVE, FILM, & VIDEOTAPE INSURANCE:

Coverage against all risks of direct physical loss, damage, or destruction of digital media, raw film or tape stock, exposed film (developed or undeveloped), recording videotape, sound tracks and tapes, up to the amount of the insured production cost.

  • Coverage does not include: loss caused by fogging; faulty camera or sound equipment, faulty developing, editing, processing, or manipulation by the cameraman; accidental exposure to light, dampness or temperature changes; or errors in judgment in exposure; lighting or sound recording, or from the use of incorrect type of camera, lens, raw film or tape stock.

FAULTY STOCK, CAMERA, & PROCESSING INSURANCE:

Covers loss, damage or destruction of digital media, raw film or tape stock, exposed film (developed or undeveloped), recorded video tape, sound tracks and tapes, caused by or resulting from fogging or the use of faulty equipment (including cameras and video tape recorders); faulty sound equipment; faulty developing; faulty editing and faulty processing; and accidental erasure of video tape recording.

  • Coverage does not include: loss caused by errors of judgment in exposure, lighting or sound recording, from the use of incorrect type of camera, lens, raw film or tape stock.
  • This coverage can only be purchased with Negative, Film, and Videotape coverage. 

No coverage applies unless ALL equipment is fully tested and proved to be sound at the commencement of filming / taping.

Did You Know?

Most broadcasters and financing bodies require the limits for Negative Film & Videotape & Faulty Stock Camera & Processing coverages to be the full limit of the budget.

Digital Film Insurance and the Future blog post

To obtain coverage a no obligation insurance quote for your project, please click on one of the links below:

Short-Term Production Insurance:Up to 14-days with no minimum premium. Coverage can include Commercial General Liability, Film Equipment Insurance, Props/Sets/Wardrobe coverage, Automobile Physical Damage and more.

Film Production Package For a Single Production:Film Production Package for a single production: features, television series, documentaries, and more.

Blanket Annual Production Package:    A convenient way of administering your insurance if you anticipate multiple productions in the next twelve months. This type of policy covers Documentaries, Corporate Videos, Commercials, Educational Films, Music Videos, Shorts, and more.

Tags: negative film, faulty Stock, Insurance for Footage

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