Posted 22 January 2004 - 01:11 AM
Posted 05 February 2004 - 05:41 PM
Posted 05 February 2004 - 11:04 PM
Larry posted something about Mike Bennet putting a policy together by, what?, now I believe... in the 2003 forum before it went read only...
Larry, any updates?
Posted 05 February 2004 - 11:09 PM
Date: Thursday, December 04, 2003 06:03 PM
From: Larry McConkey email@example.com
Topic: Insurance for Steadicam Owners
Message: 1 of 2
Read 174 times
I talked to Michael Bennett again and he told me that he did not think he would be able to get a program organized for Steadicam Equipment Insurance until the first of the year. He is very confident that he can help us out, however, and give us a product and price that we will like. He is now with Aon which I do not know personally but he says they have a long history of insuring the Entertainment Industry. His number at Aon is: 513-562-4539 and he said he would be happy to talk to anyone who has questions, but he won't be able to give any hard information until January.
Posted 03 June 2004 - 08:13 PM
Plus I guess I didn't realize that Mechanical breakdown was covered. That's cool!
(this link is now on the Steadicam Guild web site)
Here is the general Steadicam policy
The program is underwritten by the Fireman's Fund Insurance Company which has a Best Rating of A.
Coverage is written on a full replacement cost basis (no deduction for depreciation at time of loss) and is worldwide in scope. We offer two deductible options of $500 (standard) or $1,000 which is a 10% credit of the premium.
In addition to the equipment schedule, we cover any leased or rented equipment up to the value of your owned equipment or $100,000, whichever is less, at no additional charge. We also cover mechanical breakdown at no charge. In conjunction with the leased or rented equipment, you also receive $5,000 for loss of use coverage should your rental agreement make you responsible for their down time.
We also offer rental reimbursement coverage for either a $5,000 or $10,000 limit as an option. The policy minimum premium is $1,000 including options. A 25% down payment is required to bind coverage.
The program has been in existence for about 6 years and we currently have 130 participants country wide.
Posted 04 June 2004 - 08:51 AM
Posted 04 June 2004 - 10:12 AM
I wonder if Mike Bennett is starting up a Steadicam insurance policy program yet?
Posted 04 June 2004 - 06:11 PM
Posted 19 August 2004 - 12:52 PM
Posted 19 August 2004 - 09:33 PM
I use Arts and Entertainment Insurance/Andy McDonough. 781 639-2723
That includes the Steadicam and Jibs.
If you have any questions give me a call
Posted 19 August 2004 - 11:46 PM
Sent you an email about Walter P. Dolle in response to yours.
Posted 21 September 2004 - 04:46 AM
looking to buy my own rig and of course want to insure it. i've looked in the archives and already gotten some valuable info; however, i live in taiwan, so i'm not sure if anyone has any input into american or european companies that are willing to insure equipment that's working abroad.
rob van gelder wrote me saying that his insurance was started in europe and is carried over to thailand. my situation is slightly different as i'll be buying the rig while already established in a foreign country.
if any of you guys/gals know of a company or are currently using a company that can insure me out here in taiwan, i'd really appreciate it. taiwanese companies don't insure film gear period, so that's not an option either.
one company that i've found from the archives is wp dolle. i've written them directly to find out if they'll insure me. anyone other than david allen grove under their coverage? thoughts?
Posted 21 September 2004 - 02:16 PM
Posted 22 September 2004 - 01:33 PM
My latest claim, due to a broken bolt in the socket block has set me back around $ 3500.
The premium is around $2800, and if the insurence pays me back, I will probably"only" pay around $500.
You can save the money for the insurance and hope nothing happens, some yoars will be OK, but you can have bad luck too.
Also, directors want more and more "sharp" and speedy movements. Partly due to the on and offline editing where they can ramp up so nicely to 100fps without really degrading. Then they expect you to do that in real life too.
This also increases the risk of failure and damage, not only to your rig but also to the camera which is most of the time much more expensive.
although that camera is normally insured, you do have that "own-risk" that is between $1000 and $ 4000.
A crushed eyepiece for a Arri 435 and 535 is worth more than that and it is one of the first things to go in the event of a crash.
Do the math-take the risk or not.......
Posted 25 September 2004 - 07:51 PM
My insurance has decided to cover the claim from the rental company, so I get back all the expenses minus ?500 own-risk. I´m very relieved!
But I´m sure I should not have these accidents more often......