You arrive back at your apartment to find your door pried open and your photography gear missing. You take out your phone and call your insurance broker to report the claim under the homeowners policy that you purchased. An adjuster is assigned. The claims adjuster does a web search and sees that you have credits for various wedding shoots. Because you were hired and paid your gear is now considered “commercial” equipment and as such, not covered by your homeowner’s insurance policy which is intended to cover “personal” photography gear that is not used for commercial purposes.
You tell the adjuster that you only worked twice in the last 12 months for two weddings and made less than $300. The adjuster shrugs, “It doesn’t matter, even if you shoot a birthday party for 60 minutes for $50, you are a professional and your gear is considered commercial and is no longer covered under a homeowners policy”.
This is a difficult, pricey lesson that is better learned before there is a loss. Our experience tells us that many professionals assume they are covered by their homeowners insurance policy when in fact they are not.
If you use your gear to make money, check your insurance policy and make sure your coverage is appropriate. At Front Row we have created a 5 minute on line insurance solution.
Available at: https://photographer.frontrowinsurance.com/
The policy term is for 12 months and coverage is provided worldwide on a limited basis.
All equipment is covered for replacement cost for: theft, damage, fire and loss of use. Rental coverage is also available.
The online link ensures industry-low prices:
- $10,000 equipment coverage: $75 plus a broker fee of $100
- $2,000,000 location liability coverage: $200. Liability covers property damage and bodily injury to third parties. Pays legal fees too.
- $1,000 deductible for gear
"We wanted to make the insurance process easier, faster and cheaper for photographers,” said David Hamilton, President of Front Row “Given that there is no need to speak to a broker and an insurance company underwriter is not involved, the cost to process an on line photography equipment insurance policy is much less and we have passed the savings onto the gear owner. Although the policy is online, we are still available to answer questions by e mail or over the phone if required.”