Is my camera equipment covered actual cash value or replacement cash value?

Generally speaking, your business personal property (camera equipment, computers, lighting, etc.) is covered on either a replacement cost new claim settlement (no depreciation) or an actual cash value (an element of depreciation is calculated into your claim settlement). Check your policy. It will state in your Declarations what type of coverage you have. Of course, Replacement Cost is a better coverage option when available. To discuss your coverage needs please complete this customized proposal form. A photographers insurance specialist will discuss this with you. Request A Quote The content of these articles are advisory in nature and are not a guarantee of coverage. Please see your polic

Am I covered? "I spilt coffee on my laptop."

A photographer recently spilled coffee on her lap top. It wouldn't turn on. Seemed that the electrical components were fried. She took it to a tech and verified damage. Repair was estimated to be $1,200. Her Business Owners Policy (BOP) extended coverage. Spilling coffee (or other liquid) is a covered cause of loss under a BOP. Direct physical damage from an accidental event is a covered cause of loss unless excluded or limited. Since there is no exclusion or limitation for spilled coffee, it would be a covered (and subject to all of the other terms and conditions of the policy).

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