Jump to content


Photo
- - - - -

Any ideas on flooding insurance for a non-US resident/non-homeowner??


  • Please log in to reply
11 replies to this topic

#1 ChristineA

ChristineA

    Damselfish

  • Member
  • Pip
  • 19 posts
  • Gender:Female
  • Location:Koh Tao, Thailand
  • Interests:...really?

Posted 08 January 2014 - 07:15 AM

Hi, I've been having trouble finding flooding insurance for my set-up. I live in Canada, I am not a home-owner nor an apartment leaser (so coverage under home insurance is a no-go and coverage with H2O through DAN is a no-go).

I've looked at DEPP insurance but the horror stories and and fraud incidences have sent me running away far and fast.

What are other people in my situation doing?! Is there an insurance company that will cover my kit?? I've tried googling this but with no luck... Any help would be appreciated. Thanks!


Sent from my iPad using Tapatalk

#2 blibecap

blibecap

    Tiger Shark

  • Member
  • PipPipPipPip
  • 544 posts
  • Gender:Male
  • Location:Cincinnati, Ohio U.S.A.

Posted 08 January 2014 - 07:30 AM

Your best flood insurance is a vacuum leak detection system. 


Bill Libecap
Cincinnati, Oh
http://www.UwCameraStuff.com
Home of the Housing Sentry, the ultimate leak prevention system.

#3 ChristineA

ChristineA

    Damselfish

  • Member
  • Pip
  • 19 posts
  • Gender:Female
  • Location:Koh Tao, Thailand
  • Interests:...really?

Posted 08 January 2014 - 11:56 AM

I don't think that works with ikelite housings. Also, would be nice to insure strobes too.


Sent from my iPhone using Tapatalk

#4 divengolf

divengolf

    Wolf Eel

  • Member
  • PipPip
  • 149 posts
  • Gender:Male
  • Location:Virginia
  • Interests:User name says it all- Dive & Golf, plus a little fishin' when I can.

Posted 09 January 2014 - 04:27 AM

I don't think that works with ikelite housings. Also, would be nice to insure strobes too. [/url]


I believe that you can install a third party vacuum system. You may have to drill a hole to accept the sensor if their isn't an available port. I'm not very familiar with Ike housings anymore. I use Leak Sentinel from Vivid Housings. Check their website or email Miso (owner) with the specifics of your housing.

Also check DAN. They used to offer some type of gear insurance that was not dependent on home owner insurance. Maybe it's not longer available.

I'd definitely stay away from DEPP. Not sure that they are still in business. I also read somewhere that they were being investigated by a state insurance office.

#5 SwiftFF5

SwiftFF5

    Wolf Eel

  • Member
  • PipPip
  • 193 posts
  • Gender:Male
  • Location:Virginia, USA
  • Interests:Water Rescue (Public Safety Diving) - yeah, I'm a mud crawler.

Posted 09 January 2014 - 04:36 AM

This might sound snide, but I'm actually serious - how about self-insuring?  That is, take the money that you would spend on insurance premiums, and put it into a savings account.  If you get lucky, and nothing happens for a while, you would accumulate enough money to replace your gear if there's a problem.  It won't help you if you flood your gear in the next few months, but it might be an option to think about.


Canon Vixia HF-S30, L&M Bluefin Pro
Public Safety Diver

#6 kc_moses

kc_moses

    Eagle Ray

  • Member
  • PipPipPip
  • 351 posts

Posted 09 January 2014 - 09:20 AM

Can someone point me to information about home owner insurance and insuring diving housing/gear please? I'm a home owner and my insurance agent never explain any of those, and I don't think he would understand.

 

As for SwiftFF5's suggest, it could work in some way depend on the person's buying attitude and situation. I read story about a guy flew all the way from UK to Lembeh, first day during the dive his 5DM3 flooded. He had two choices: finish the rest of the trip without a camera, or pay high price to buy another 5DM3 in remote Lembeh. He did choice #2 and it was lucky that the town has stock.

 

As a diver on budget, I normally buy camera when they're on sales, we all know that's around Thanksgiving/Xmas. So you could buy a replacement camera a few hundreds dollars below the MSRP. But if it's emergency situation like the Lembeh case, you have to tab into your bank account if you do what SwiffFF5 suggested, but if it's insured, I guess it doesn't matter how much it cost at the location where you buy the replacement camera, the insurance should pay for it whether it's a $5000 5DM3 body or not, right?

 

Anyway, like I said it could be a decision of what situation you're in and how desperate you are, just a thought.



#7 diver dave1

diver dave1

    Great White

  • Member
  • PipPipPipPip
  • 917 posts
  • Gender:Male
  • Interests:chess, u/w photography

Posted 09 January 2014 - 12:01 PM

I use State Farm Insurance in the US.  I do not use my homeowner's policy, I have a separate policy with them for camera equipment.  The rate is about 1.5% of the replacment cost, if memory serves correctly.  I have had one small claim due to a dropped piece of equipment and it was covered quickly and easily.

 

Not certain if State Farm operates in Canada, if they do I would use them there.


Nauticam D7000, Inon Z-240's, 60 micro, 105 micro, Tokina 10-17

www.shiningseastudio.com


#8 tdpriest

tdpriest

    Sperm Whale

  • Member
  • PipPipPipPipPip
  • 2128 posts
  • Gender:Male
  • Location:Solihull, UK
  • Interests:Diving medicine, warm water, scenery...

Posted 11 January 2014 - 06:42 AM

Don't claim more than once!

 

The second time, my yearly premium went up to half the price of my camera and housing...



#9 RWBrooks

RWBrooks

    Eagle Ray

  • Industry
  • PipPipPip
  • 335 posts
  • Gender:Male
  • Location:Palau
  • Interests:The Natural World. The Sciences

Posted 12 January 2014 - 03:07 AM

My insurers (divemasterinsurance) have just been ignoring me for the last 6 months. It will be the last time I use them. I wouldn't advocate them to anyone.


Richard Brooks
Media Producer
Federated States of Micronesia


Visit My Website(s)


#10 ChrigelKarrer

ChrigelKarrer

    Tiger Shark

  • Member
  • PipPipPipPip
  • 636 posts
  • Gender:Male
  • Location:Playa Herradura-Costa Rica and Sardinia-Italy

Posted 12 January 2014 - 08:54 AM

Unfortunately DiveMasterInsurance is not insuring non british residents, not for flooding and not for their health insurances.
I had them for several years and never claimed anything but i assisted in 2011 a claim and the paid quick and without hassle.

Chris


Nikon D800 - Sigma 15mm - Nikon 105mm Micro VR - Hugyfot Housing - 3 Inon Z-240 strobes - 2x2 8'' ULCS arms

Canon G12 with Patima aluminium housing - Fuji E900 with Ikelite housing
Visit My Costa Rica Website - Visit My Italy Website


#11 Mark K

Mark K

    Wolf Eel

  • Member
  • PipPip
  • 108 posts
  • Gender:Male
  • Location:Hong Kong

Posted 05 February 2014 - 01:02 AM

too bad I cannot find one for NON us residents


Mark K

A clown fish finding its way home


#12 r4e

r4e

    Wolf Eel

  • Member
  • PipPip
  • 141 posts
  • Gender:Male
  • Location:Southern Finland

Posted 05 February 2014 - 03:14 AM

I once asked from an insurance company director about how they insure their own fleet of cars. The answer was simple: no insurance.

 

On the long run, self-insurance is likely to be more economical especially for all none-essential stuff, i.e. your living does not depend on it.

 

The only exception to this is if you think you are atleast 25-30% more risky than the average insurance customer of that policy. If you can get a "normal" insurance or home insurance to cover your photographic and diving equipment, it might be worth it. But if you select a more specialized insurance, it is more likely to match the increased risk via higher insurance payments.

 

If you think you cannot afford to self-insure due to high replacement costs, consider that the insurance payments as "down-payments" of your future replacement camera IF the accident actually happens. However, it is far more likely that no accident will happen, and, those "downpayments" are lost forever and you cannot use that money to finance your next new camera.

 

N.B. self-insurance is not suitable for home insurance or anything where you might be liable to third parties.


vimeo.com/r4e

http://www.cerella.fi for the Underwater Photographer and Videographer