DSLRUsers.com

Just updating the insurance for my D200.

I figure if one of your guys have done this with NRMA you are more likely to give good answers than they often do.

Do NRMA give you cash, or do they have a preferred supplier. This would affect the value I insure for (as Hardly Normal prices are much greater than Poon's for e.g.)
I believe the excess is around $100 - sound right?
Is accidental damage covered?

Thanks,
Nick

Nick,

Always insure on the basis of full replacement value, and local sourced stock. You are not going to be privvy to whatever arrangements the insurer might have from one day to the next.

Wise advice Gary...

Had a look at the PDS. Concurs with Gary's advice. (If you read between the lines).

Now need to find what local prices are for:
D200
Tokina 12-24
Sigma 105 Macro
Sigma 70-200 + TC
Nikon 18-70
Nikon 50 1.8
SB800
Bags + Chargers + Batteries etc.

Other question I have:
My D70 is still listed on insurance for ~$2000. If I drop it, what will they replace it with? I've been paying a premium for a $2000 item, so do I get $2000 or a store voucher for that?

Any one made a claim with NRMA?

Nick,

I'd guess the replacement item would be a D70s

Nick, Gary's advice is probably spot on.

When you insure (with most companies) you do so for replacement value. The insurance company will in the event of a claim (in some instances anyway) check your sum insured to make sure you are not underinsured. I am pretty sure they would use the local rrp (not any discounted prices available).

They then (at their option) would use one of their sources to try to repair or replace your item.
If this were not possible they could offer you a cash settlement or another similar model (this will depend on what their best option is).

Say you lose a d70 (no longer available) and as you mentioned yours was insured for $2000 (they may consider this as over-insured). They could opt to provide a replacement d70 or say a d70s - if they could find one. Most likely they would be able to source a d200 under the SI (which would be a great outcome)
....However they may consider that you are over insured, in this case, and suggest a cash settlement for the value of the lost item (say around $750 - certainly not $2000)...but who knows what may happen at the time of the loss of said camera.

You definitely need to know what you are/are not insured for though.

Best option is to insure for a full local replacement value and keep your insurance values up to date....now where is my insurance papers and contents list....who was my agant again???

Cheers, Mick