Last updated: 16/10/2022

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Taking pictures and videos can often quickly become an expensive hobby. The more knowledge and experience you have, the faster the demands on the recording quality increase. However, the resulting higher costs are also associated with an increasing financial risk.

Another disadvantage can also arise with regard to the areas of application. Expensive equipment tends to be used less often or only taken on long journeys in exceptional cases in order to avoid expensive damage. In order to be able to use your camera without worries, we recommend that you take out insurance for your camera.

Our camera insurance test 2022 not only provides answers to frequently asked questions, but also tells you which aspects you should particularly consider when taking out insurance. To make your choice easier, we have analysed selected providers in more detail.




Summary

  • Camera insurance protects your camera from damage and theft. Under certain circumstances, you can also insure your accessories.
  • Camera insurance can also cover damage abroad. The exact conditions vary from provider to provider.
  • Camera insurance tends to be aimed primarily at recent purchases. In the case of an older or used camera, other conditions apply.

The Best Camera Insurance in the United Kingdom: Our Choices

Guide: Questions you should ask yourself before taking out a camera insurance policy

Before taking out camera insurance, potential customers have a lot of questions. We have summarised these for you and answered them in detail in the following paragraphs.

What are the benefits of camera insurance?

Both a camera and the necessary accessories can often be associated with very high acquisition costs. Since these devices are usually highly sensitive, cost-intensive damage can occur relatively quickly. If you work with very expensive equipment, camera insurance could provide you with the necessary security.

Camera insurance can benefit both professional and amateur photographers. However, to enjoy the benefits included, the value of the camera should be more in the four-digit range. (Image source: unsplash.com / Marco Xu)

With camera insurance, you are financially protected against damage to your equipment as well as against theft. Especially the latter happens more often than desired in the case of expensive cameras. If you travel often, nature also offers certain conditions or obstacles that make damage more likely.

What kind of damage does camera insurance protect you from?

With the help of a camera insurance policy, you can insure yourself against a wide range of damages, depending on the provider. Both external influences and damage caused by your own carelessness can be covered by the appropriate insurance policy. Our overview should give you a comprehensive picture in this regard.

Influence examples
Nature water, fire
Technology short circuit, overvoltage, battery wear
Own fault breakage, fall, dropping, operating error

Before you take out insurance, you should be able to estimate roughly what damage is most likely to occur in combination with your use. Especially if you are often out in nature for the perfect snapshot, more extensive damage coverage is recommended.

In principle, however, a claim triggered by you should not be due to gross negligence or intentional actions on your part.

What types of damage are not covered by my camera insurance?

While gross negligence may be tolerated by selected providers, the intentional destruction of your camera and equipment is not covered under any circumstances. Regardless of the extent of the damage, in case of doubt you will have to bear the costs yourself.

Various providers are also not prepared to include professionally used cameras in their insurance cover. If this applies to you, you should enquire about this with the respective provider before taking out the policy. (Image source: unsplash.com / Mario Calvo)

If you want to take out camera insurance, some providers also tend to be rather risk-averse. As a result, damage that can result from risks that are difficult to calculate is rarely taken into account. An example of this would be defects caused by nuclear energy.

Which companies offer camera insurance?

Camera insurance is part of the portfolio of many German insurance providers. However, in addition to insurance companies with a broad portfolio, there are also providers that focus specifically on the protection of cameras and photo-specific accessories. Some of the better-known companies you can choose from are

  • Media Markt
  • Saturn
  • Generali
  • Gothaer
  • Allianz
  • R + V
  • Nürnberger
Before taking out an insurance policy, you should definitely compare both the offer and the price of the providers.

Apart from the larger dealers, there are also some insurance brokers who can offer you sensible protection for your camera. These include, for example, the companies “Pergande und Pöthe” and “Aktivas”.

Although these providers usually have a smaller portfolio than larger insurance companies, you should not exclude them from your comparison process. You may also be able to secure comprehensive cover that suits you at reasonable premiums.

Can used or older cameras also be insured?

Due to the fact that many providers tend to advertise camera insurance for new equipment, the question of insurance for older cameras comes up relatively often. There is no clear, generally valid answer, but you can find an insurance provider for an older device.

Some insurance companies only cover used equipment up to a certain period of time. However, if you have found a provider, you must provide proof of new value or proof of ownership. In order to calculate the insurance value and thus your premium, an appraisal of your camera must be carried out.

Can a camera also be covered by household insurance?

Within the framework of a household insurance policy, you can also have your camera covered as an alternative to a specific policy. In direct comparison, however, you will be confronted with some restrictions. To avoid financial burdens, you should know the exact specifications of your recording device.

Household insurance will only cover damage up to a certain value. If you own expensive equipment, the coverage will be rather low in this case.

In the case of household insurance, cameras are often grouped under certain categories, such as “hardware” or “electrical equipment”. This means that specific damage to your camera can often not be covered at all or only to a very limited extent in individual cases. For cheaper cameras, however, this insurance is a sensible option.

Can insurance be taken out without the invoice for the camera?

Both with somewhat older equipment and in the case of recent purchases, proof of purchase can get lost relatively quickly. In the case of camera insurance, however, it is very often needed. However, if you have lost yours, there are often some alternatives to enable you to take out insurance after all.

As with used cameras, proof of ownership and the value of the new camera must be provided. If no proof of purchase is available, you can also have the insurance determined on the basis of the new price from a third party dealer. (Image source: unsplash.com / NordWood Themes)

If your camera is valued based on the price of a third-party dealer, it must also be a new product. Second-hand goods and auctions are excluded. Alternatively, you can have the value estimated by a photo dealer. A photo of the camera with a daily newspaper is sufficient as proof of ownership.

Buying criteria: These are the factors you can use to compare and evaluate camera insurance policies

If you are looking for the right insurance for your recording device, you will find a wide range of different tariffs to choose from. You can distinguish between them based on the following criteria:

  • Amount of premiums
  • Protection abroad
  • Damages covered
  • Contract period
  • Maximum financial compensation
  • Excess amount
  • Waiting period
  • Protection of accessories

In the following paragraphs we have taken a closer look at these criteria. This will tell you what you need to look out for in order to find the best cover for your camera.

Amount of premiums

When determining the premiums payable, insurance companies very often apply scales based on the purchase price or value of your camera. Cameras with a higher, three-digit value are usually insurable for between €50 and €60. In the case of a purchase with a higher purchase price, the insurance can be significantly higher.

Depending on the provider, insurance for your camera can cost up to 200 € per year. However, in a direct scale comparison, this can often be related to other criteria than the purchase price. In the following paragraphs we will analyse some of these criteria in more detail for you.

Protection abroad

Especially if the camera is an integral part of your holiday, your insurance should also be valid outside Germany. Cheaper providers often do not include this criterion in their offer. If this factor is important to you, you should also check whether any cover abroad also includes countries outside Europe.

The basic prerequisite for international cover is a safe stay, at least guaranteed by the authorities. If you intentionally travel to a crisis area, the insurance usually does not apply.

In order to exclude negligence or intent in this case as well, you should ideally always carry the camera with you in a locked bag. Special bags or backpacks are particularly suitable for this purpose. If you are looking for insurance that is also valid abroad, make sure that both damage and theft are covered.

Damage covered

As mentioned earlier, camera insurance can cover a wide range of damages. However, there are some types of damage that only selected providers reserve in their scope of protection. While the insurance rarely covers negligence, theft can also be excluded in some cases.

In the case of handover to carriers or for luggage storage, some insurers will not pay for any thefts. If they are taken into account, the camera must be kept locked. (Source: unsplash.com / ANDI WHISKEY)

Regardless of what environment you are in, operator error can also cause damage at any time. This can be caused by clumsiness or even misunderstanding. While these individual cases are covered by selected insurances, no protection can be provided in the case of ignored warnings in the instructions.

Contract period

Before you buy camera insurance, you should also take a closer look at the criterion of contract duration. Higher insurance premiums often provide more comprehensive protection, but they also include a minimum contract term. A premature cancellation of the contract can be quite expensive.

Not every insurance provider insists on a contractual minimum term.

The prescribed minimum term can vary greatly in a direct comparison of providers. While some providers even waive it, minimum contract terms can last only one month or even two years.

In selected cases, this criterion can also affect other conditions of your contract. For example, in the case of a shorter term, the notice period may be slightly longer. Some providers also allow you to pay a lower premium for a longer commitment to their insurance offer.

Maximum financial compensation

The amount of money your insurance company can pay you back in the event of a claim also varies greatly from provider to provider. Depending on the company, you are entitled to either monetary compensation, reimbursement of repair costs or replacement of the device. At most, however, you will be reimbursed the replacement value of the camera.

While some providers always offer replacement value insurance, other insurance companies divide their offer according to the time frame. In this case, the maximum refundable amount is reduced by a percentage after a certain period of time. Which graduations apply to which extent is not uniformly regulated for all providers.

In case of a graduation, you will have to expect reductions after three years at the latest. The first graduation, which is approximately a 20% deduction, can also occur within the first year after purchase.

Amount of the deductible

In the event of damage or theft, a so-called deductible may also be part of your insurance policy. This means that in one of these cases you have to pay part of the costs yourself. (2) The amount of the deductible can vary depending on the insurance and the case of damage.

While some insurance companies do not charge an excess, selected companies charge an excess of between 50 € and about 150 €. However, there are also certain variations that you can have built into your contract. Some companies allow you to lower your premiums by including a deductible.

Waiting period

With regard to the waiting period, you should take out insurance as soon as possible after purchase.

As with other types of insurance, there is often a so-called waiting or waiting period. This means that in the event of a claim, payment cannot be made immediately after the occurrence. (1)

If a waiting period is part of your camera insurance, the time of purchase plays an important role.

Normally, you can influence the amount or the consideration of the waiting period in your contract within the first week after the purchase. The waiting period can usually be up to six weeks.

Consideration of accessories

If you also use accessories in combination with your camera, this should ideally also be taken into account. Tripods or special lenses can also mean high costs or loss of function in the event of damage. If your accessories were also associated with high acquisition costs, you should take this aspect into account.

By including accessories in the insurance tariffs, various providers offer protection that exceeds the replacement value of the camera. However, if your accessories are to be included, they must be specified in the policy. (Image source: unsplash.com / Matthias Oberholzer)

If you buy additional accessories, you have to inform your insurance company. If your accessories are included in the contract, the protection criteria usually apply across the board. Cases of damage that do not apply to your camera are also not taken into account for your extensions.

What else you should know about camera insurance

Now that you are sufficiently informed about camera insurance and can choose the right provider for you, we would like to give you some more information. If your camera is already insured, you may be able to gain some important insights.

How do I cancel my camera insurance?

If you want to cancel your camera insurance, the conditions of the contract term and your notice period are decisive factors. In order to cancel on time, the cancellation period should end at the same time as the contract. This way, you can avoid being charged additional, unnecessary premiums.

You can often cancel your contract by filling out a form on the provider’s website.

In order to make the cancellation as uncomplicated and quick as possible, you should include important data such as your customer or insurance number in your cancellation request. If you choose to send your cancellation by post instead of electronically, you will have to pay the postage costs yourself.

Is there camera insurance specifically for commercial use?

Just as for private use, there are also insurances that specialise in customers in professional environments. In general, the annual premiums are higher, but the protection is usually more comprehensive. In these cases, equipment is often insured that is rarely used privately due to its high price.

In the case of commercial camera insurance, the coverage of rental equipment is also usually somewhat easier. Many companies also rely on rental equipment to implement their projects due to the high costs involved. Depending on the use, the insurance can be world-wide or Europe-wide, or only for indoor use.

Image source: Pakpong Pongatichat / 123rf.com

References (2)

1. Financescout 24 Redaktion: Karenz: Die Wartezeit für Versicherungsleistungen
Source

2. ProContra Redaktion: Selbstbeteiligung Definition - procontra Versicherungslexikon
Source

Financescout 24 (Wissenschaftlicher Artikel)
Financescout 24 Redaktion: Karenz: Die Wartezeit für Versicherungsleistungen
Go to source
ProContra Online (Wissenschaftlicher Artikel)
ProContra Redaktion: Selbstbeteiligung Definition - procontra Versicherungslexikon
Go to source
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