Whether you are renewing your insurance or purchasing photographer insurance for the first time, it is important to consider some key factors in order to ensure you receiving the best protection for you at the best price.
Here are some tips on how to achieve the best premium for your camera and photographer gear insurance.
- Choose a higher deductible: In order to keep your premium low opt for a higher deductible. A deductible is a specific amount of money that you must pay before an insurance company will pay a claim. So the higher the deductible the lower the premium. Choose the highest deductible you can still afford in the case your camera equipment is lost, stolen, or damaged and you can help save on your premium.
- Increase security measures: Do your own risk management by increasing security, this can help you save on your photographer or videographer insurance. Some of these security measures may include installing a security system, converting a closet to a safe room with deadbolts, invest in high-quality travel cases that lock or ask us for any other recommendations.
- Make sure your policy covers commercial activities: Many professional photographers assume they are covered by their homeowner’s policy, but if you sell your prints you may not be. This lesson is better learned before there is a loss. Check your policy and make sure you have the appropriate coverage or you could be facing a pricey lesson.
- Choose a company that does not charge a brokers fee: A great way to save some money when it comes to purchasing insurance is to opt for a company that does not charge a brokers fee. At Arts & Entertainment Insurance Brokerage we never charge a broker fee for photographer/videographer insurance program.