Business insurance may be your best bet. Cost would be in proportion to income, which derived from a fairly liquid source usually is not much,BUT electronics de-values so quickly you will never get enough to replace it as you know it's worth. 50% after year 1- Your rig should be well covered, replacement value less depreciation- but replacement value (priced a new container lately? Or Cypress?)is so high. But your'e right, anything missing, broken, burned requires corresponding documents from police or fire department, and anything else supporting the claim (written testimonial from landlord/girlfriend/business owner where you lost your stuff.) Always file a police report on any stolen gear, even your blank dvd's One more thing about getting a business policy, you may need a business license and may be asked to pay personal property taxes, no big deal. I'm supposed to list every wrench my husband owns, even the smoke alarms in my rentals.The good part of that is , in the event of theft, All of the contents are bonafide claims---list every nasal spray, pair of sunglasses, tape for repairs. Keep all receipts,. Jewelry does not depreciate at all (buy an expensive watch), nor hardly do shoes and clothes, books do not depreciate significantly, This incidentall stuff adds up to thousands of dollars (key chains, cell phone used for business) if you lose it. When they tax it, it's pennies. I am a firm believer in insuring your costly possessions. Take a video of your video stuff. If you get hurt the insurance for "loss of income" may apply, you would be surprised how many insurance companies allow skydiving.
Don't you know any skydiver in the insurance or banking industry? My gear is covered up to !0,000 as part of my homeowners policy, even though it isn't in my house. I wouldn't look too hard for my canopy if I had a cut away, that's for sure!
Don't go to State Farm anyway. Go to an agent, any little guy will do just fine. They put you in a very large pool and you're picked up by a big company, rates are less expensive and they're far out of town and don't know that you really don't have a fire proof, secure 3 combo lock office at the dz for your property. They may rate you on the area you live in too, is it low income? low crime? Don't mention any animals you may have.
The police are worthless retrieving stolen gear, and they don't recognize it for what it is when they do get it. The dzo bought a nice rig from a friends good friend, found out it was stolen, the guy told him to blow him when he wanted his $ back, and the police asked him not to call back, to settle it between themselves, sue him in small claims.*** Tell them you had a gun stolen in the same gear bag and they'll move mountains to find out who dunit . Take a description of a gun off a gun store bulletin board. And no it is not your gun, it is your dead friends uncles gun he left last year enough out of me!!Quote
