Including insurance in rental?

[Matthew Rogers]

Hey guys, I've got a client who wants to rent my RED, but they need to buy rental insurance to go with it, and I currently don't offer that. I am going to call my agent, but I wanted to see if anyone knew of a place where you can buy just equipment insurance for day/week/month.

Thanks,

Matthew

 

[Noah Kadner]

Definitely that's the renter's job. If they can't come up with it you walk away from the rental or risk your gear coming to harm's way. Compass, Progressive, etc.

Noah

 

[Greg M]

Definitely that's the renter's job. If they can't come up with it you walk away from the rental or risk your gear coming to harm's way. Compass, Progressive, etc.

Noah

Exactly, this is the renters responsibility...a general rule of thumb is if they dont know that then be wary.

 

[Zak Forsman]

if you don't want to pass on the money, perhaps compile a list of insurance providers for them. but this is definitely a *ahem* red flag.

 

[Matthew Rogers]

I am with you guys, but I want to help the client all I can. I think the issue is that I originally told them they needed "production" insurance--which doesn't exist. What they need is to add me to their general liability and add an equipment floater to their policy.

Have any of you seen any rental house that does offer insurance that they can "add on" to the rental? It seems like I saw one, but they charged an arm and a leg.

Matthew

 

[donatello b]

you might suggest to the renters they call their home owners insurance and ask to add a all risk "floater " ( specific for camera equipment) to cover it during the rental period...

 

[Andrew Hewlett]

Make sure you get a copy of the policy and that there is a note/rider that specifies your equipment as the materials being insured. I know when I've rented gear I always get asked if I have "production" insurance worth at least a million dollars. Its an easy thing to get through your local insurance agent. For my own gear, I would also insure it on my own side for theft, damage and loss just in case. I always worry that a production will go up in smoke and the camera gear will be the last to be paid out in an insurance claim.

 

[Jeff Kilgroe]

What others said, this is the renter's responsibility.. Maybe refer them to your insurance agent or give them a few contacts.

Some insurers, if you have a large enough policy or the right type of policy, will allow you to extend coverage to your clients/customers at a price. Much the same way a car rental company can offer insurance for renters without motor vehicle insurance -- they often try to up-sell with this, but that's another matter.

Talk to your insurance agent and make sure you have your bases covered. You will want coverage on your end and you will want your client to be covered for everything they rent from you and the proper insurance certificate(s) to show they're covered.

 

[John Leahy]

To my knowledge there are issues with insuring your equipment on someoneelses shoot in which you are not involved as you cannot insure something in which you have 'interest in' ie you don't have any control over what they dom with it

 

[Andrew Hewlett]

To my knowledge there are issues with insuring your equipment on someoneelses shoot in which you are not involved as you cannot insure something in which you have 'interest in' ie you don't have any control over what they dom with it

My comment was insuring your equipment in general. Knowing insurance companies, they will try to get out of paying you if you need to submit a claim. I insure all my equipment all the time, if its with me or in someone else's hands. Don't know if I'd be able to make a claim if it got stolen while on loan, but thats what your renter's insurance policy is for.

 

[Michael "Dorkman" Scott]

While we're on the subject...

Can anyone suggest a good insurance company for this equipment? I'm going to take delivery in a week or two and I want it to be covered the second it hits my porch.

 

[Robert Keslow]

http://www.taylorinsurance.com

I have been insured with Taylor and Taylor for over 20 years talk to Scott Taylor he is a great guy.