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Equipment Insurance

Discussion in 'Advanced Scuba Discussions' started by B Lo, Jun 3, 2010.

  1. B Lo

    B Lo Nassau Grouper

    159
    11
    0
    I had a terrible dream last night that my equipment ended up lost at sea. That said, I am very interested in securing insurance for it. However, a lot of the stuff I've come across has had high deductibles and requires a large minimum premium. All of my equipment may be worth around $2500. For me, if the basic premium covers equipment up to $5000, for instance, I would be paying for coverage I'd never use. Does anyone know of insurance which is geared more towards the diver without tons of money in their equipment?
     
  2. Straegen

    Straegen New Fish ScubaBoard Supporter

    558
    12
    18
  3. Herk_Man

    Herk_Man Solo Diver

    # of Dives: I'm a Fish!
    Location: Landlocked
    805
    5
    0
    How about a rider on your homeowner's policy? Like extra insurance for a wedding ring or high dollar piece of art that your regular insurance won't cover.
     
  4. muddiver

    muddiver Divemaster

    # of Dives: 500 - 999
    Location: West Coast USA
    2,630
    104
    63
    State Farm Insurance Personal Property policy. No deductable, covers every event except "Ops, I dropped it over the side!", and it is very reasonable. Ask Dandy Don.
     
  5. onefastpony

    onefastpony Nassau Grouper

    # of Dives: 100 - 199
    Location: Dover, FL
    155
    16
    18
    DAN has a $2500. gear replacement in the event of an accident, I know it is not "full" coverage but you might want to check it out.
     
  6. Jax

    Jax Deplorable American ScubaBoard Supporter

    # of Dives: 200 - 499
    Location: AZ TX
    26,303
    8,256
    113
    +1 on these guys, if you really want to be covered. I was quite disappointed that USAA would not cover us.
     
  7. Quero

    Quero Will be missed Rest in Peace ScubaBoard Supporter

    # of Dives: I just don't log dives
    Location: Phuket, Thailand
    9,494
    2,247
    0
    I'm posting this on the different insurance threads (in various forums) I've seen recently, so if you see this in various places, my apologies, but I think it's an important issue for those who are shopping for insurance and reading this thread as a result.

    Below is the text of an email announcement I received from DEPP concerning changes to my equipment insurance coverage. While I can recognize the validity of the arguments the company has put forth, I'm upset that they are apparently changing the policy that I only paid for last month rather than instituting changes when renewals are due.

    I may be in the market for a different insurance company.

     
  8. kuwerty

    kuwerty Solo Diver

    # of Dives: 500 - 999
    Location:
    5
    0
    1
    Can't speak for h2o but depp charged me around $40 for an entire year. I think I insured around $2000 worth of equip, no camera.

     

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