David Karubian MovieInsure

Piggybacking is BAD - not worth it - develop a relationship with broker (like me) www.movieinsure.com David

by the way Tim - you really hit on a hot button issue - you used the term "submerged" using cameras underwater is ok, as long as they are housed properly, however - if you rent your gear to someone, and they take it on a boat, and they do not have a "movie boat policy" the gear will NOT be covered under most policies! if you do not currently have a relationship with a broker, I would gladly be that person as you already know, the devil is in the details -

that is correct most "owned" floater policies either exclude coverage for "renting to others for a fee" or there is a substantial deductible (like 10k!) if you are an owner of equipment, you must review your policy for this coverage or find out the hard way :( having the renter provide you a certificate of insurance naming you as "loss payee" would indeed be the first policy to claim on and yes, indeed, the owners' policy would not be affected in my many years of doing this, i have heard many many horror stories about these pitfalls for owners that rent out their gear - collecting deductibles, customers never coming back, providing fake insurance, and so forth - it can be a rough business

yes, both the owner and the renter need insurance for a variety of reasons but it doesn't stop there (at the property level) - there are the liability concerns reputable rental houses recognize that if one of their cameras is involved in an injury, they can be named in a suit therefore they often require not only to be named as loss payee, but additional insured as well... (some often require evidence of workers' comp...)

US based production companies (indie or otherwise) are encouraged to contact www.Movieinsure.com for quotes and consultation. Respect! Dave K.