How does camera insurance handle expensive gear?
Camera gear policies usually have an unscheduled limit, which normally covers all cheaper gear up to a maximum amount for everything. For instance, a policy might have an unscheduled limit of $25,000.
Expensive gear may have to be listed, or part of the policy’s schedule. Schedule limits are item-specific, and allow photographers to insure highly valuable cameras and equipment for specific amounts. A policy might cover a camera for $5,000 and another for $7,500, for instance.
Owned gear must be valued above $2,000 to be listed on the policy schedule.
Are used and older camera equipment covered?
Yes, used and older camera equipment can usually be insured. Any claim payout for this gear would likely be on the lower end, given that used and older camera equipment has depreciated in value. An unscheduled limit might cover these items well, though.