Monthly Archives: December 2016

The Risks of Using Animals in Productions

Entertainment Insurance Update

Movie Insure insurance offers entertainment insurance for films that includes unique coverages specific to movie making and other productions, including; cast coverage, animals, props, sets and wardrobe coverage; extra expense coverage; third party property damage coverage; miscellaneous equipment coverage; faulty stock coverage; and negative coverage

Animals have been used in movie-making, advertising, documentaries and other print, films and production functions since the early days of the industry.

We can offer special entertainment insurance coverage for the animals used in your production. This coverage protects you against loss.  Plus, the policy will pay the agreed value of the animal actor if death was caused by one of the perils listed on the policy. Animal Extra Expense would provide a “cast-type coverage” for insured animals that would reimburse the out-of-pocket expense incurred as a result of the interruption, postponement or cancellation of the production resulting from injury, death or illness to the animal so insured.

We get the resumes on the animal actors and their wranglers.  We can then write Animal Mortality coverage (life insurance) on the animals for a predetermined value.

We service the following states: Alabama. Arkansas, Arizona, California, Colorado, Delaware, District of Colombia, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. If you do not see your state listed here, please inquire anyway – we are growing!

 

Insurance Myth Busters… All I Need Is Replacement Cost Coverage

Most people think, “If my policy has replacement cost coverage I am ok, right?”  Well, maybe not.  The term “replacement cost” means “the cost to replace the property on the same premises with other property of comparable material and quality used for the same purpose.”

A Common Myth

“My policy has replacement cost coverage, so I am covered in the event of a loss.”

Myth Busted

Replacement cost coverage has limitations. The most important limitation is that it will only repair or replace up to the policy limit.  So, if your building has a replacement value of $500,000, but your policy has a limit of $450,000, you are underinsured by $50,000.

There may also be a need for functional or extended replacement cost coverage in certain situations.  A guaranteed replacement cost policy pays whatever it costs to rebuild your building as it was before the fire or other disaster–even if it exceeds the policy limit.

The example above is an excellent example of why it is important to have an agent who knows and understands insurance, and one who can communicate complex issues in “English”. This allows our customers to make intelligent choices regarding their insurance.

Saving money on your production insurance is not always an easy thing for many companies to do. You have many options regarding insurance agents and insurance companies that at times can be confusing.  There offer several ways to reduce your production insurance cost without jeopardizing coverage. We are located in beautiful Northridge, California next to CSUN..

We service the following states: Alabama. Arkansas, Arizona, California, Colorado, Delaware, District of Colombia, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin. If you do not see your state listed here, please inquire anyway – we are growing!