To answer that, I took a look at the special loss limits on three home insurance policies without any special endorsements. How many people have their camera gear protected through an endorsement? Very, very little.
What does it look like? Well, we found three very different situations in the event of a total loss at home.
The point of this is not to say that everyone needs to sign up for Company B. It’s to help educate the consumer on these very important differences that exist between policies. Despite what may be commonly thought, all things are not held the same between companies and the minor details matter. If you have items of serious value, you’re going to be better off including them in the insurance discussion. As agents, we work to find solutions that work for you and fit your situation. If Company C is right for other reasons, maybe we need to endorse that policy for your camera gear! Maybe it needs to be scheduled. We have plenty of options to offer.
While I may not have enough camera gear to get a separate policy, the difference between these limits would certainly matter to me! Would it make a difference to you?
Disclaimer: None of this is a discussion of a reader’s specific policy and should not be considered insurance advise about your coverages, it is for educational purposes only.