Important: Update Your Insurance Policies
Important: Update Your Insurance Policies
Author
Discussion

Andy M

Original Poster:

3,755 posts

289 months

Thursday 26th February 2009
quotequote all
Canon, and I would think Nikon too, have massively increased the price of their goods over the past few weeks (on average around 20% increase) and as a result your insurance policy may have out-of-date listings for the replacement values of your kit.

I've just updated mine and incurred an extra £14 off Photoguard (my insurer), but it's better than being left out of pocket...

ThatPhilBrettGuy

11,810 posts

270 months

Thursday 26th February 2009
quotequote all
Very good point. In fact, even wider, people should revisit contents insurance full stop. As we're people that generally like electric trickery gadgets, most of them are rising too.

F308 MAN

1,029 posts

267 months

Thursday 26th February 2009
quotequote all
ThatPhilBrettGuy said:
Very good point.
what he said.

i would imagine you two gents are CPS members ?
i've just jumped ship to Aaduki Insurance and their "new for old" policy is linked to your equipment as listed at CPS.
also very nice people, unlike the last lot ... mad
cheers,
d

Rich-UK

1,431 posts

286 months

Thursday 26th February 2009
quotequote all
Quick question. Should you insure to the amount your stuff is worth or what it would cost to replace with new?

Maxf

8,444 posts

271 months

Thursday 26th February 2009
quotequote all
Rich-UK said:
Quick question. Should you insure to the amount your stuff is worth or what it would cost to replace with new?
I think it depends on the policy but as a rule I'd insure gadgets at what they cost to replace (either new, or on the secondary market if they cant be sourced new).

I need to revisit my cover as most of my collectable stuff is traded in $$s and therefore I've seen a rise in value just off the back of exchange rate changes.

ThatPhilBrettGuy

11,810 posts

270 months

Thursday 26th February 2009
quotequote all
F308 MAN said:
ThatPhilBrettGuy said:
Very good point.
what he said.

i would imagine you two gents are CPS members ?
i've just jumped ship to Aaduki Insurance and their "new for old" policy is linked to your equipment as listed at CPS.
also very nice people, unlike the last lot ... mad
cheers,
d
I'm guessing CPS isn't Crown Prosecution Service smile

red355

231 posts

243 months

Thursday 26th February 2009
quotequote all
it says Canon Professional Services on my card

http;//cpn.canon-europe.com

F308 MAN

1,029 posts

267 months

Friday 27th February 2009
quotequote all
ThatPhilBrettGuy said:
I'm guessing CPS isn't Crown Prosecution Service smile
hello phil,
how are you ?
busy times ahead ?
beer d

ThatPhilBrettGuy

11,810 posts

270 months

Saturday 28th February 2009
quotequote all
F308 MAN said:
ThatPhilBrettGuy said:
I'm guessing CPS isn't Crown Prosecution Service smile
hello phil,
how are you ?
busy times ahead ?
beer d
Doing fine cheers Dave! Going to be a rubbish year in the city so I'm having to actually work for my living for once, so photography has taken a back seat a bit. Must be a few changes going on in IoM as well I'd guess...