I am curious
- Thread starter wes
- Start date
toddmcm
Carbonite Member
I always say extended warranties are for suckers. NO offense to anyone.
I use my insurance as coverage for my equipment. Anything happens and it's full replacement, then again I pay a lot more for insurance than the cost of an "extended warranty" .... but it covers ALL of my gear against everything. I have commercial insurance these days, but back in the day I always just added special policies to my regular home owners / renters insurance policy. I think they call them "floaters" for specific pieces of gear. I would look into that before purchasing an extended warranty that may or may not cover any future problems.
If photography is your primary income, or a source of income, a commercial policy might be right for you. Generally a commercial policy is more expensive than a personal article floater attached to your homeowners or renters insurance policy. You should expect to pay between $1.75-$2.25 per every $100 dollars of equipment with a deductible between $250-$500 per claim. A commercial policy offers a similar level of coverage for equipment as an all risk personal article floater, but eliminates the potential exclusion of equipment if used professionally.
Additional coverage available on a commercial policy includes general liability, commercial property, workers compensation, commercial automobile coverage and umbrella liability to name a few.
Most states require you to carry workers compensation insurance(they're so good in Massachusetts of keeping track of this even photo.net had to comply when sent notice after only a month of incorporation). Professional photographers operating a studio with employees could be liable for any and all costs associated with injuries in the event fo an accident. Professionals not only face this liability with full-time employees, but also with anyone they have hired for an assignment. Carrying workers compensation protects you from personally being liable for such costs. General liability insurance further protects you from third party bodily injury or property suits.
I use my insurance as coverage for my equipment. Anything happens and it's full replacement, then again I pay a lot more for insurance than the cost of an "extended warranty" .... but it covers ALL of my gear against everything. I have commercial insurance these days, but back in the day I always just added special policies to my regular home owners / renters insurance policy. I think they call them "floaters" for specific pieces of gear. I would look into that before purchasing an extended warranty that may or may not cover any future problems.
If photography is your primary income, or a source of income, a commercial policy might be right for you. Generally a commercial policy is more expensive than a personal article floater attached to your homeowners or renters insurance policy. You should expect to pay between $1.75-$2.25 per every $100 dollars of equipment with a deductible between $250-$500 per claim. A commercial policy offers a similar level of coverage for equipment as an all risk personal article floater, but eliminates the potential exclusion of equipment if used professionally.
Additional coverage available on a commercial policy includes general liability, commercial property, workers compensation, commercial automobile coverage and umbrella liability to name a few.
Most states require you to carry workers compensation insurance(they're so good in Massachusetts of keeping track of this even photo.net had to comply when sent notice after only a month of incorporation). Professional photographers operating a studio with employees could be liable for any and all costs associated with injuries in the event fo an accident. Professionals not only face this liability with full-time employees, but also with anyone they have hired for an assignment. Carrying workers compensation protects you from personally being liable for such costs. General liability insurance further protects you from third party bodily injury or property suits.
zzcoyote
Member
I'm not a big believer in warranties but these tape transports spook me. My buddy had an $1800 dollar repair on his XL1 due to the simple mistake of leaving it on top of his car when he drove off (just kidding -- it fell 12 inches onto carpet. I did do the car thing with a pizza my first day at Domino's though!). Anyway, paranoia got the best of me and I went for four extra years (for $250).
scharky
Veteran
You might want to read through that warranty because most of them will not cover user damage, meaning if you drop it and something breaks it's not going to be covered. I'm not saying that the warranty that you have does this, but make sure because most companies will try and nail you with that one.