Default Theft and liability insurance for wedding photographers - PPA?

[haring]

Did you hear about the Liability and Theft insurance offered through Professional Photographer of America (PPA)?
Can you recommend it? I would like to have theft and liability.
Would I participate in the insurance program automatically once I become a member or I have to pay for it extra? I am a little bit confused? Please advise!

Thanks! Priscilla

[FireHeart Photography]

you have to pay extra for it - depending on the amount of equipment - I carry 10k for equipment and liablity is a million and two million for coverage - runs about 450 annually

[lscottpht]

Yes, you have to pay extra for it. I have their liability and they sent me all the info on the theft, but I think I will wait on that one. It seemed pretty expensive. My liability cost $320 (or something like that) for the year.

[suerenee]

I found cheaper cover through the Hartford. I called USAA and they referred me to the Hartford. I got liability and equipment coverage for under 500 a year. much cheaper than the $720 the PPA group quoted me.

[Phisch]

If you don't mind, Suerenee, what did the quote cover?

Hartford quoted $700/yr for $10k in equipment + computer gear + liability.

[suerenee]

for $514 I got $13K in equipment + 1 million in liability. Our computers are covered through our Homeowner's policy.

[Tom]

I get mine through TCP Insurance
TCP&Co.

They specialize in photography insurance.

2mm Liability
~18k camera gear
~2k in odds and ends (pocket wizard type stuff)
~5k in computers that travel (home computers cost less)
I think a few other things. Costs me about $700/year.

Well worth the cost, especially since I shoot sports.

[Phisch]

This is weird! My insurance broker, using Hartford is quoting $700/yr for $13k equip + computer gear/1mil liabilities.

The cost did change when the broker found out it was for business vs. personal gear. I am wondering, for those who pay around $500, if that might be the difference?

I'm going to look into PPA and their insurance as a result.

[todd_a]

Originally Posted by Phisch

This is weird! My insurance broker, using Hartford is quoting $700/yr for $13k equip + computer gear/1mil liabilities.

The cost did change when the broker found out it was for business vs. personal gear. I am wondering, for those who pay around $500, if that might be the difference?

I'm going to look into PPA and their insurance as a result.

Anyone that is buying the insurance and allowing the insurance company to think it is for personal instead of business might be in for a suprise when they make a claim and the insurance company investigates to find out they are running a business with the equipment, and refuse to pay, then you are out the equipment and all the premiums paid. Bad deal.

[kayumangi]

Hey Merc, try getting the quote from HillUsher.com they sell products from the Hartford too and they are geared towards small biz. I have their Photographers Package choice thingie.

[Phisch]

Marius, I'm waiting for a quote from the folks that do the insurance at PPA. I'll compare it to the quote from my broker and then I might get another one from yours and compare. The one nice thing about the one my broker is offering is they don't ask for an itemized list of Everything That I Could Possibly Count As Equipment. Of course, that's another flag to me, but that's just one more reason to ask for another quote!

[Tom]

The one nice thing about the one my broker is offering is they don't ask for an itemized list of Everything That I Could Possibly Count As Equipment.

I don't think that's a good thing. I want them to have an itemized list of all my gear plus the replacement cost.

[XtremePhoto]

Originally Posted by Thomas Campbell

I get mine through TCP Insurance
TCP&Co.

They specialize in photography insurance.

2mm Liability
~18k camera gear
~2k in odds and ends (pocket wizard type stuff)
~5k in computers that travel (home computers cost less)
I think a few other things. Costs me about $700/year.

Well worth the cost, especially since I shoot sports.

What is your deductible per incident?

-G-

[Phisch]

Originally Posted by Thomas Campbell

I don't think that's a good thing. I want them to have an itemized list of all my gear plus the replacement cost.

Well, technically they would have had it. They wanted copies of receipts I think. One place wanted me to write it out. Well...that didn't sound like fun :D

[XtremePhoto]

Originally Posted by Phisch

Well, technically they would have had it. They wanted copies of receipts I think. One place wanted me to write it out. Well...that didn't sound like fun :D

That isn't insurance for replacement cost. When you insure something for replacement cost, it is the current market value of that item, not the historical value that the item cost.

-G-