Something tells me that Benjiboy is not exactly stupid.
Face it folks, insurance companies, especially the 'mass market' ones like State Farm or others similar to it are going to give you a surprise if enter a claim for items that are: 1) used 2) not bought often 3) have little market value.
MY PROBLEM: even if they did pay $25 for each and every used Spotmatic body that I own my dilemma is that with many, many cameras and lenses I spent yeoman's hours doing repairs and those hours of work are not going to manifest with any settlement. Yes, again, I think that Benjiboy is more focused upon the 'real' world and not the theoretical one.
Decades ago when Travelers Cheques were in vogue American Express was very efficient with refunding lost Cheques. NOW...I have heard horror stories with refunds being denied. They can AFFORD to reneg on this because it is not a major part of their business any more. The point that I am making is this: learn to differentiate between theory and practice. I sounds nice to 'know' that you are insured but I want to see the real claim and see what results.
I have about 800 cameras and about 1000 lenses. NO WAY am I going to get an average of about $20 times 1000 = $20,000 for my items if a flood 'happens' or a theft 'happens'. My stuff is in about four locations, so I am 'insured' against all of it being taken at one time. Insurance premiums have a habit of encouraging insurance companies to commit the crime of 'puffery'. Those companies are not in the business of telling the dire truth any more than is legally necessary.
Oh yes, let me tell you about the 6000 classical music 33 rpm LPs that co-exist with the cameras. Those should also get a handsome reward if stolen! -David Lyga
Last edited by David Lyga; 09-25-2012 at 04:59 PM. Click to view previous post history.