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