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Why the Cost of Camera Equipment Insurance is Probably Less than You'd Think

Whether you're a hobbyist or a professional, you know that photography can become an expensive obsession. (For more on that, check out the article, "6 Most Ridiculous Times Photography Insurance Came in Handy.") Camera technology progresses so quickly that you might feel as though your brand-new digital SLR is ancient after just a few years. There's always a lens to save up for, and, if you run a studio, there's always new and improved lighting equipment.

Given the high price of your gear, it's only natural to assume that insuring it all will cost you an arm and a leg. But realistically, camera equipment insurance can cover your stuff for just a few hundred bucks a year.

Bringing the Cost Into Focus

Bringing the Cost of Photography Equipment Insurance Into Focus

Let's look at what you're protecting. A photographer's gear is their livelihood. You can have all the talent in the world, but without a camera, you're not really a photographer, are you? Your equipment is an investment in your craft and in your career. And it can be quite the investment. (Related reading: "Should Photographers Bother with Liability Insurance?")

Depending on what kind of work you do — whether it's product shots, studio portraits, sporting events, wedding photos, or National Geographic spreads — you're going to need specific equipment to get the job done. The cost of it all can range anywhere from a few thousand to tens of thousands of dollars. You might even break the hundred-thousand-dollar mark if you try hard enough!

Most photographers add to their collections over the years, purchasing new lenses every now and then and upgrading their camera body when they need to. Each new expensive investment is usually the result of lots of research and shopping around. A $3,000 camera here, a $1,500 lens there, a $500 flash over here, and then a $800 lens later on — it's easy to see how it all adds up. If something gets damaged or stolen, it can be expensive to replace.

But what happens if you suddenly lose all your gear? What if you're the victim of a natural catastrophe or a mastermind theft? How quickly could you get back on your feet, replace the essentials, and resume your business?

Property Insurance: A Shield

Property Insurance for Photographers: A Shield for Your Essentials

If you want to protect your photography gear, consider Property Insurance. It can help you cover the cost of replacing damaged or stolen equipment in case of...

  • An accidental fire.
  • A theft.
  • Wind damage.

Plus, Property Insurance can cover your studio space and related business assets. Most policies can be customized for your specific needs. Because photographers come in many flavors, there's no one-size-fits-all policy. A policy can be tailored based on whether you…

  • Own or rent a studio.
  • Travel on location or to your client's space.
  • Handle client property.
  • Need actual-cash-value or replacement-value coverage.

When your policy is custom-fit for your professional needs, you don't have to worry about paying extra for coverage you don't need. Considering how much you've spent on photography gear, equipment insurance is a wise investment.

For a ballpark estimate on what a Property Insurance policy might cost you, check out our sample photography insurance quotes.

Smile, and Say, "Free Quotes!"

Smile, and Say, "Free Quotes!"

Ok, that might be cheesy. No one expects you to say that. But nevertheless, it's a good idea to start protecting your photography equipment today. Fill out an online application to get free Property Insurance quotes sent right to your inbox.

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