equipment insurance?

[Puck]

The Medical portion of Diveassure sounds fine, but the fine print on the equipment coverage leaves a bit to be desired:

"The Insurer will reimburse You up to the maximum shown on the Schedule of Coverages for loss, theft or damage to Your Personal Diving Equipment (including mixed gasses and rebreather), diving computer, and diving gear, occurring during Covered Activity. The Insurer will pay the lesser of the following: actual cash value at the time of the loss, less depreciation as determined by the Insurer, or the cost of repair or replacement...
...
Special Limitation
The Insurer will not pay more than $500 for the first item and, thereafter, no more than $250 per item up to the limit of coverage as shown in the Schedule of Benefits. Items over $150 should be accompanied by original receipts. If receipts are not provided, benefits may be reduced."

 

[ScubaCatgirl]

The Medical portion of Diveassure sounds fine, but the fine print on the equipment coverage leaves a bit to be desired:

"The Insurer will reimburse You up to the maximum shown on the Schedule of Coverages for loss, theft or damage to Your Personal Diving Equipment (including mixed gasses and rebreather), diving computer, and diving gear, occurring during Covered Activity. The Insurer will pay the lesser of the following: actual cash value at the time of the loss, less depreciation as determined by the Insurer, or the cost of repair or replacement...
...
Special Limitation
The Insurer will not pay more than $500 for the first item and, thereafter, no more than $250 per item up to the limit of coverage as shown in the Schedule of Benefits. Items over $150 should be accompanied by original receipts. If receipts are not provided, benefits may be reduced."

Yep, this reads similar to the insurance offered through Padi, Dan or their sidekick (forget the name- is it Senn Penn or something like that?) that deals only in equipment insurance. Although if you buy the higher premium insurance MOST of your equipment should be covered.

One that I didn't mention was Vincent & Buckley. I need to go over to their webpage & check out what they offer.