I don't think that the problem is specific to cameras. It strikes me that even car insurance - which is exceedingly common - works the same way. if you wreck your car, you never really get enough money to buy a new one....if you get anything, you get "what it was worth" according to the insurance company. Since the insurance company says "What it was worth", the value they fix need not have any relation to actual market value. What we consumers have to realize is that the insurance company doesn't like to loose money (and they almost never do).
I'll also notice that here in California, it is fairly common for an insurance company to cancel a homeowner's policy for any claim....which also makes it not such a good idea to add you r gear as a rider on the homeowner's policy.
Last edited by BradS; 09-26-2012 at 12:53 PM. Click to view previous post history.