Portable items insurance

iceman (Mike) · #1 17-08-2006, 07:47 PM

Finally got around to listing some "portable items" on my home contents insurance tonight, so that if they break/get stolen while i'm out of the house, the insurance still covers them.

I added stuff like my DSLR, telescope + eyepieces, EQ platform, wife's jewellery etc.

Not cheap though, added almost $120 to my yearly premium, about a 40% increase! But I guess it'll be worth it, if I happen to drop my DSLR in the water (like Trevor!).

It covers it if it's travelling in a car with you as well, but not if it's travelling by courier. The item has to be "with you" for it to be covered.

I guess it's like most insurance.. you pay for the piece of mind.. maybe it's a waste of money, but in the event that something is stolen or does get broken/lost, it'll be worth it.

[1ponders] (Paul) · #2 17-08-2006, 09:23 PM

Only 40%. I thought I'd do my mounts, scopes, cameras (I've got a couple

(they call me Huffy Jnr)), laptops etc and it more than doubled my house and contents insurance (an additional $600)

davidpretorius · #3 17-08-2006, 09:37 PM

my broker got back to me today mike, he is off to the insurance market tomorrow, but he thinks $100 for 30 days in the hands of a courier.

Jonathan · #4 18-08-2006, 03:28 AM

Insurance is worth having I reckon.
I wish I'd insured my camera gear earlier in the year

The damage bill from my little accident would have paid for many years worth of insurance. I've learnt my lesson the hard way.

h0ughy (David) · #5 18-08-2006, 07:31 AM

Quote:

Originally Posted by [1ponders]

Only 40%. I thought I'd do my mounts, scopes, cameras (I've got a couple

(they call me Huffy Jnr)), laptops etc and it more than doubled my house and contents insurance (an additional $600)

maybe i should look into this???? I dont have that much to insure, I only have 3 DSLRs, 2 Eq's and a alt az and a few trinket scopes

and a couple Ep's

ausastronomer (John Bambury) · #6 18-08-2006, 07:51 AM

I have certain items "specified" in my home contents policy. In addition to that I have "unspecified" normal household contents covered away from the home to a value of $4,000. This way I have $4,000 cover away from home on "EVERYTHING" that normally lives at home. This includes eyepieces, jewellery, cameras, laptop etc. I figured I wouldnt lose "the lot" in one go so did it this way. I have had this for a few years.

CS-John B

xstream (John) · #7 18-08-2006, 08:19 AM

We have "spedified items" in our home contents but outside of home the cost is $30.00 per $1000.00 of value.

Then again accidents only happen at home, don't they?

Striker (Tony) · #8 18-08-2006, 09:12 AM

I have the same as John an extra $4000 to cover personal affects on top of my full coverage on the house...it only cost me an extra $20 a year to add $20,000 to my house contents policy but the $4000 personal affects was something like $130 a year...well worth the money.

Dennis · #9 18-08-2006, 09:44 AM

Make sure you read the fine print for personal effects. Some policies I looked at limited the replacement value to $1000 per individual item if lost, stolen or damaged.

Cheers

Dennis

ausastronomer (John Bambury) · #10 18-08-2006, 09:55 AM

Dennis,

That is only if you have not "specified" those items as part of your household contents with a value in excess of $1,000. If you have them specified on your contents policy they are also covered for this value away from the home. I am with AAMI. As others have said it costs an extra $30 per $1,000 of cover and is well worth it IMO for the peace of mind it provides. I suppose it also depends on what value you place on $120.

CS-John B