Is camera insurance worth it?
Everything can be insured, and most sellers will advertise it to you. Here you can find out whether camera insurance is worthwhile - because this is only the case under very specific conditions.
A camera insurance - is it worth it at all?
- First check whether your household insurance - if available - is already covering your camera - this may be the case. If in doubt, just ask your insurance company and save yourself unnecessary expenses.
- If your camera is in the suitcase and it is stolen, luggage insurance can also cover this. Again, it is worth asking about the exact requirements.
- Most electronics retailers also offer you expensive insurance protection when buying a new camera. However, this is only worthwhile in the rarest of cases, since you often have to bind yourself for years.
- Ultimately, however, it is the value of the goods that counts: You can certainly replace a compact camera for 300 euros at a lower price. Camera insurance only becomes interesting from a value of goods of 1000, if not even 1500 euros.
- Depending on the provider, camera insurance is available starting at an annual premium of 10 euros, as with mycamschutz. Some insurance companies also offer cheap cover letters with flexible terms for mobile electronics to protect your camera, for example if you only want to spend your vacation insured.
- As always with insurance, the fine print is important, because the most expensive camera insurance is not worth it if your specific damage event is an exception because of any clauses.
- A comparison of different camera insurance policies can be found here.
In the next practical tip, you will find out whether device insurance on Amazon is worthwhile. We also have tips for you on laptop insurance.