SteadiHub
2019General Discussion forum

How to insure second-hand aerial filming equipment for proper replacement coverage

What the thread found

  • Equipment should be insured for full replacement value rather than purchase price, allowing rapid equipment replacement if loss or damage occurs
  • When insuring discontinued equipment models, identify the closest currently available model and use its replacement cost as the insured value
  • Document gear inventory details including serial numbers and model information when submitting values to insurance providers
  • Insurance availability varies by location, with some providers limiting coverage to current market value

Depends on

  • Discussion addresses primarily UK situation but experience may vary by country
  • No definitive guidance provided on how insurers handle replacement value determination in all cases
  • Insurance options and coverage policies differ between regions
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