Insurable Value

Your Eversure Camera Insurance policy is a ‘New for Old’ policy, therefore in the event of a claim you need to know that you can go and buy a new replacement item. We can insure equipment of any age whether it’s new, old, second hand or even vintage. In order to ensure that your item is insured for the correct amount, please observe the following:


  1. Insure the item for the current usual, undiscounted, UK retail price.
  2. If the item is no longer available, insure the item for the nearest available item and keep a copy of your rationale for the higher price.
  3. If the item is vintage, obtain a valuation from a reputable camera dealer stating the item, value and date of valuation.
  4. If you under-insure the item, you will only receive the amount that you have insured the item for, less the applicable excess.

Our policy defines 'value' as follows:

Valuethe usual undiscounted purchase price of a new-for-old replacement Insured Item (including VAT) from a reputable dealer at the date the policy commenced, or for vintage Insured Items as per a current valuation from a reputable source within the 12 calendar months preceding the commencement date of this policy. You should review the Value of your Insured Items regularly to ensure Your cover is sufficient.


How does this work in practice?

You should list your items as follows:

Correct listing:

  1. Item: Nikon D500
  2. Purchase Price (in a shop discount sale): £1,499.99
  3. Replacement Price (Amazon): £1,678.99
  4. Insured for: £1,678.99
  5. Maximum value in event of a claim: £1,678.99 (less the excess of £100)

Incorrect listing:

  1. Item: Nikon D500
  2. Purchase Price (in a shop discount sale): £1,499.99
  3. Replacement Price (Amazon): £1,678.99
  4. Insured for: £1,499.99
  5. Maximum value in event of a claim: £1,499.99

As you can see from the incorrect listing, by listing at the purchase price rather than the actual replacement price, you will be left short if you need to make a claim and will be unable to replace the camera.

If you have any queries about the value of your items, please contact us.

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