All testing and reviews shunned by insurance company for replacement purposes !

I think that's a bit unfair.
Not in my experience, it isn't.
Besides making a profit, insurance companies are also about serving their customers and staying in business for the long haul.
You're either extremely naive or in insurance. Insurance companies' sole responsibility is to make a profit for their shareholders and you're just one more source of revenue. They're only about serving their customers as long as their customers represent a potential for profit. Anoying some customers doesn't harm their long haul plans one iota, because there are plenty of other suckers out there who, in many cases, are legally required to carry insurance of some sort. They'll certainly represent your image of them as long as it's to their advantage but the mask soon comes off once that's no longer the case.
 
I think that's a bit unfair.
Not in my experience, it isn't.
Our experiences differ. (You edited out "My dealings with my insurance company have been quite pleasant and equitable").
Besides making a profit, insurance companies are also about serving their customers and staying in business for the long haul.
You're either extremely naive or in insurance.
I'm neither, but personal attacks like this just cheer me up Mr O'Brien. ...just means you're going to follow up with some weak arguments.
Insurance companies' sole responsibility is to make a profit for their shareholders and you're just one more source of revenue. They're only about serving their customers as long as their customers represent a potential for profit. Anoying some customers doesn't harm their long haul plans one iota, because there are plenty of other suckers out there who, in many cases, are legally required to carry insurance of some sort.
Yes, but you overlook the fact that those "suckers" have to chose an insurance company.
They'll certainly represent your image of them as long as it's to their advantage but the mask soon comes off once that's no longer the case.
It's remarkable that you think that cheating and short changing customers (suckers as you view them) is the best way make profits.

While no company can exist without profits, the really excellent companies (like Prudential, State Farm and Berkshire Hathaway) are honest and treat their customers well....it's a winning formula for long term success in any business, and especially in the insurance business where reputation, trust and integrity are key....whether it's life insurance or camera insurance.

We'll have to agree to disagree.

Don
 
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I think that's a bit unfair.
Not in my experience, it isn't.
Our experiences differ. (You edited out "My dealings with my insurance company have been quite pleasant and equitable").
Besides making a profit, insurance companies are also about serving their customers and staying in business for the long haul.
You're either extremely naive or in insurance.
I'm neither, but personal attacks like this just cheer me up Mr O'Brien. ...just means you're going to follow up with some weak arguments.
Insurance companies' sole responsibility is to make a profit for their shareholders and you're just one more source of revenue. They're only about serving their customers as long as their customers represent a potential for profit. Anoying some customers doesn't harm their long haul plans one iota, because there are plenty of other suckers out there who, in many cases, are legally required to carry insurance of some sort. They'll certainly represent your image of them as long as it's to their advantage but the mask soon comes off once that's no longer the case.
It's remarkable that you think that cheating and short changing customers (suckers as you view them) is the best way make profits.

While no company can exist without profits, the really excellent companies (like Prudential, State Farm and Berkshire Hathaway) are honest and treat their customers well....it's a winning formula for long term success in any business, and especially in the insurance business where reputation, trust and integrity are key....whether it's life insurance or camera insurance.

We'll have to agree to disagree.

Don
Thanks Don.

I keep coming across this idea that "businesses are there to rip you off" or similar but I have a hard time believing that businesses on purpose try to send their customers to their competitors.

I made a living out of repeat customers so maybe I am biased but my guess is that I was not the only one doing it.
 
Hi,

What action can be taken on the following ?

I have had a camcorder insured with an insurance company for 10 yrs. It died, taken me a while to look into what would replace it as they have moved on since tape days. Tested all the contenders I could find that replicate its full manual controls for Shutter aperture and gain and its decent traditional focusing ring, acting like a DSLR traditional focus ring. They knew I was searching and testing.

Insurance company then shun the only one I found and declare that they have chosen one based on spec alone, though its one I tested a while ago and it was found to be not of use, failing to provide the functionality of the dead one, stuff like shutter and aperture were now via a deep menu, no quick set up external buttons, wouldnt autofocus quick, manual focus was now new servo feed method and useless on action tracking.

They refuse to go by testing, even told me I shouldnt have been testing, so taking two yrs payments and wasting my time. spec is the final and only step in their decision making. Spec is so minimalistic it says manual focus yes, nothing about if its any good, but spec wouldnt do that, thats why its dangerous to rely upon. It doesnt even mention shutter and aperture readout and where it is. It doesnt say in shutter mode there is no aperture value display !

We use spec, if you dont agree with our choice then go take us to the Ombudsman ! Then they also now say not interested in what I use it for yet I had told them its use and why its controls were essential time after time and insured it for that reason. taking my money and accepting my reminders to them on its use.

They say we looked at pixels and shutter and aperture, but spec doesnt even mention those, they didnt care if they had no external buttons for them. Did you look at focus, No ! Can I speak to your expert to justify your decision that this is ok and who is shunning the advice from the likes of Canon and Sony and leading shops. No ! Then later they say we dont have one !

To shun the fact that we need to test kit, that spec is a first step in choosing, not the final step. They are having a go at the entire principle of cameras and camcorders choosing. Saying invalid to all that we see on dpreview, anyone testing on youtube etc,

Would you want to have such a company decide your camcorder replacement ?

How do I overcome this as they wont pay me for what I found and bought to test as was the only way to test it, and its the only contender.

I will name them if this doesnt get resolved !

How do I fight this ?

DBenz
my brother had something similar with a car they only wanted to pay him 1/2 what it was worth .. when he asked how they arrived at the price they say they use parker's price guide only and nothing else ..what the guid say is what we pay and yes if you put the car make and year in on parkers website you got what the insurance company offered. (remember it is only an offer)..however my brothers car had takan him 3 month to find as it was a particular top spec model with the very expensive option of heated leather seats and had very low mileage and full service history and was a mint car ...if you pay a fee to parkers you have the option to put in all things like options the car has service history etc etc he pay the fee and did ..the new price came to well over twice they was offering but when he told them this they came with every lame excuse why they don't use parkers

in the end he say he was going to the ombudsman and they paid up i not remember if it was when he threatened tham or when the ombudsman first contacted them but they did pay
 
If you insure a Nikon F850 as a Nikon F850, when that camera is stolen you will get another F850 or whatever the equivalent current version is.
Now, if by any chance your Nikon F850 was number 0000001 , gold clad and was personally engraved by the Nikon CEO, well it would be worth more but you would need to let your insurance company know in advance that it is a special version so that they will charge you accordingly.
Letting them know afterwards is not a good idea.
 
Generally, insurance companies haven't cared when replacing lost, damaged or stolen equipment like that. It's usually about like value and the purchase of the new item is really up to you. I've NEVER heard of an insurance company telling the client what specific thing they must buy.

Why are they making this decision instead of cashing you out? It's frankly none of their business what you go out and get to replace it. At least this has been my experience. But not all insurance is the same and perhaps it's a difference of the country you're in?

I'm also curious why you pay insurance for a camera that's only worth 1200-1600. Certainly you've paid more than that over the years in insurance money.
 
If you insure a Nikon F850 as a Nikon F850, when that camera is stolen you will get another F850 or whatever the equivalent current version is.
Now, if by any chance your Nikon F850 was number 0000001 , gold clad and was personally engraved by the Nikon CEO, well it would be worth more but you would need to let your insurance company know in advance that it is a special version so that they will charge you accordingly.
Letting them know afterwards is not a good idea.
If a Insure policy is setting up, it will contain anyway any extra condition ......like " the car has no hail-damage " or House is " Alarmed " etc etc and this will also apply to camera's of course........

And I am sure anybody who has ever taken out a insurance will know this.........

Griddi.......
 
If you insure a Nikon F850 as a Nikon F850, when that camera is stolen you will get another F850 or whatever the equivalent current version is.
Now, if by any chance your Nikon F850 was number 0000001 , gold clad and was personally engraved by the Nikon CEO, well it would be worth more but you would need to let your insurance company know in advance that it is a special version so that they will charge you accordingly.
Letting them know afterwards is not a good idea.
If a Insure policy is setting up, it will contain anyway any extra condition ......like " the car has no hail-damage " or House is " Alarmed " etc etc and this will also apply to camera's of course........

And I am sure anybody who has ever taken out a insurance will know this.........

Griddi.......
Brilliant .
 
If you insure a Nikon F850 as a Nikon F850, when that camera is stolen you will get another F850 or whatever the equivalent current version is.
Now, if by any chance your Nikon F850 was number 0000001 , gold clad and was personally engraved by the Nikon CEO, well it would be worth more but you would need to let your insurance company know in advance that it is a special version so that they will charge you accordingly.
Letting them know afterwards is not a good idea.
If a Insure policy is setting up, it will contain anyway any extra condition ......like " the car has no hail-damage " or House is " Alarmed " etc etc and this will also apply to camera's of course........

And I am sure anybody who has ever taken out a insurance will know this.........

Griddi.......
Brilliant .
Thank you , hope you know something more now......

Griddi.......
 
Licensed insurance agent (US) here - usual disclaimer that one must know the actual policy and language of the policy...

Is the policy in question a "floater" aka "inland marine" aka scheduled policy? Or is it some kind of warranty (non-insurance)?

Here, the "usual" wording for scheduled items is "replacement with like kind and quality" and the amount payable is the LESSER of the cost to repair or replace - unless the policy is an "Agreed Amount" in which you collect the dollar amount agreed upon.

When the original item is not available, the replacement is with an item of similar value.

How much one pays for insurance has ZERO bearing on collecting on a claim. You may make one payment and collect money, or pay twenty years and never make a claim. You are paying for peace of mind AND for a claim payment should a covered claim be submitted.

You also have a right to go to arbitration under the policy contract language.

Finally, despite some bad apples here and there (like any industry), the insurance companies know they rank only higher than used car salesmen. The field is very competitive; companies stay in business by paying claims promptly and fairly - they would drive costs up for everyone if they just rolled over and handed out money to make a client happy, but they would be violating contract law AND risk repercussions from the insurance commissioner (and huge negative public feedback) if they treat a client unfairly or by low-balling a claim.
 

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