The amount of photography equipment I own has escalated over the last year or so (mainly thanks to a photography diploma I took which made me study areas of photography that were new to me, which in turn meant I had to buy more photography gear) and my storage unit was bursting at the seams. Things had gotten out of control and I had photography bits and pieces all over the place, and finding specific accessories started to take an age. There was only one thing for it, and that was to buy some new raking so I could get everything in one place, catalogue it and put it in some kind of logical order.
Long story short - I got the racking, put it together, put it in the photography studio and started loading everything on to it. I have to admit that I was stunned by the amount of photography equipment I had bought to take my photography diploma. The accessories were endless and included a couple of new lenses, photography backgrounds, two new flashes (a Godox Wistro AD360 and Godox Ving 860), flash brackets, shoot through brollies, flash stands, ETTL flash triggers (Yongnuo 622s), macro flash, additional daylight balanced lamps, photography backgrounds, filter sets……. The list was endless. The majority of my purchases were from Amazon so I decided to go back through “my orders” and print off all of the photography equipment I had purchased since I started my diploma. The purchases from my local camera shop comprised the larger and more expensive items only, and with my online account I had the ability to go back over past invoices and print them off. I really love the paperless/electronic invoicing system many businesses use nowadays.
Going through the invoices, totaling them up and then finding the actual bit of equipment among everything took a while but it was a worthwhile exercise. With everything listed, located and costed up I then took a look at how much I had spent, and I was stunned. The amount I had spent on photography equipment was obscene and I was shocked. When I totaled the value of all my photography equipment (i.e. my recent purchases and the photography gear I had before) I realized my photography insurance was so far out that if the worst happened I would get back a fraction of the value of my stuff.
As well as cataloging all my photography equipment I used this exercise to take a photo of each and every item, next to the invoice where possible, as evidence and proof should I ever need to make an insurance claim. Having recently dealt with insurance on a separate claim I now know the lengths they will go to get out of paying up or paying the full amount.
As I sure you have already guesses I contacted my insurance company and got it amended to reflect the current value of my photography stuff. The increase in insurance premium wasn’t that much but I was also stung with a £55 admin fee to amend the policy mid-term. The admin fee to change an insurance policy is an absolute con and nothing more than a way to extract as much money from policy holders as possible. I have to admit that I was outraged when I was told the admin fee and was all set to cancel the policy and take out a new policy with a different insurance company, but when I found out I would be stung with a £75 cancellation fee (on top of what I had already paid for the year – I pay in full so the insurance company already had my money) I had no option but to put up, shut up and pay up. When my photography equipment insurance comes up for renewal in a few month’s time my current insurers can stick their policy where the sun don’t shine because I am going elsewhere. My current insurers aren’t going to get another penny out of me, ever, the thieving money grabbing scumbags. I hate insurance company’s and the way they prey on our fears, but given the value of my photography equipment I really have no other choice and have to have my photography equipment insured.
Even though this was time a consuming exercise I found it useful and I now have details to all the photography equipment I own, together with photographic evidence. If you have never carried out this exercise or haven’t done it for a while it may be worth you checking over your photography equipment, to make sure you have adequate in insurance in place.
Keen photographer addicted to cameras, lenses and everything photography related. Feel free to follow me in my photography ramblings, and if you have any thoughts, comments, queries or anything else to add I would love to hear from you.