Our Owned Equipment policy is designed to cover your owned production equipment, as well as financed, leased, and rented gear.

About the Owned Equipment Policy

• Policy Term Options: Available for a 6-month or annual term.
• Coverage Limit: Cover your owned or rented gear up to $750,000. For higher limits, please contact us.
• Worldwide Coverage: Applies while the equipment is in use, storage, or transit.

Optional Coverages:

• • Rented Equipment: Covers equipment you rent to others and equipment you rent from others.
  • Rental House Loss of Use Coverage: Reimburses a rental house for lost income if their rental equipment is lost, stolen, or damaged in a covered claim incident while in your possession.
  • Rental Reimbursement: Reimburses you for rental fees if your gear is lost, stolen, or damaged in a covered claim incident and you need to rent equipment in the meantime.
  • Water Use Coverage: Extends coverage to your gear while afloat (on a boat, barge, cruise, etc.) or used underwater in special underwater housing.
  • False Pretense Coverage: Protects your gear if rented under false pretenses and subsequently stolen.
  • Theft from Unlocked Vehicle Coverage: Reimburses you if your gear is stolen from a vehicle with no signs of forcible entry.

What This Policy Covers

• Covered Equipment:
  • Cameras, camera equipment, sound, lighting and grip equipment, communications equipment, portable electric equipment, editing and projection equipment, office personal property, generators, mechanical effects equipment, props, sets, wardrobes, dance equipment, similar personal property and related production equipment, musical instruments, recording and editing equipment, and similar equipment involved in music production.
• Covered Causes of Loss:
  • Theft, Fire, Earthquake, Flood, Acts of Terrorism, Smoke, Water Damage, Falling Objects, Equipment in Transit, Lightning, Explosion, Windstorm, Hail, Accidental Damages (scratches, dropping, etc.), and more.
• Policy Exclusions to Note:
  • Acts or decisions, consequential loss, dampness, dryness, or extremes of temperature, dishonesty, false pretense (voluntary parting), governmental action, hidden or latent defect, mechanical breakdown, insects, vermin, negligent work, nuclear hazard, pollutants, rust, oxidation, corrosion or discoloration, unauthorized transfer, war or military action, wear and tear.
  • Maximum per claim limit of $25,000 while in Mexico, unless you increase the Mexico limit.
  • Maximum limit of $100,000 for equipment while in a vehicle.

Deductibles

• Standard Domestic Deductibles: Choose from $250, $500, $1,000, $2,500, and $5,000.
• International Deductibles and Theft from Any Vehicle Deductible: Available at $500, $1,000, $2,500, and $5,000.

Scheduled Equipment vs. Unscheduled Equipment

• Scheduled Equipment: Items valued above $2,000 must be scheduled on the policy. Each item must be listed with make, model, serial number, and replacement cost.
• Unscheduled Equipment: Items valued below $2,000 can be grouped under the Unscheduled (blanket) limit without requiring individual details.
• No Price Difference: There is no cost difference between scheduled and unscheduled equipment.
• New Items: If you acquire a new item valued above $2,000, you have up to 90 days to add it to your policy or coverage will not apply.

International Coverage

• Worldwide Coverage: Applies in countries that are not currently sanctioned by the US OFAC. Check the current list here.
• Equipment Origin: Must originate within the United States and be brought abroad for coverage to apply.
• Residency Requirement: Coverage does not extend to individuals living outside the United States for most of the calendar year.

Payments and Pricing

• Policy Cost: 6-month policy prices start at $300; annual policy prices start at $340.
• Quotes: View a quote immediately after completing your application with no obligation to purchase.
• Payment: Full payment required via major US credit card; no payment plans are offered.

Claims and Valuation

• Submitting Claims: File a claim anytime from your online dashboard at InsureMyEquipment.com.
• Claim Payouts: The insurance carrier will either pay the replacement cost value of the lost or damaged equipment or cover the cost of repairs.

For further assistance or inquiries, please reach out to our support team.