RELATED LINKS:
Film Insurance 101 & How to Protect Your Film Project
Film Production Insurance: Why it is needed
Film Insurance: Small Budget vs. Large Budget
Negative Film / Videotape and Faulty Stock
Negative Film / Videotape and Faulty Stock Insurance can be put in place to cover the additional expenses that a production company could incur in order to re-shoot or edit footage due to a loss.
Coverage against all risks of direct physical loss, damage, or destruction of digital media, raw film or tape stock, exposed film (developed or undeveloped), recorded videotape, soundtracks and tapes, up to the amount of the insured production cost.
Coverage does not include loss caused by:
Covers loss, damage or destruction of digital media, raw film or tape stock, exposed film (developed or undeveloped), recorded videotape, soundtracks and tapes, caused by or resulting from fogging or the use of faulty equipment (including cameras and videotape recorders); faulty sound equipment; faulty developing; faulty editing and faulty processing; and accidental erasure of videotape recording.
Coverage does not include loss caused by:
This coverage can only be purchased with Negative Film and Videotape coverage. No coverage applies unless ALL equipment is fully tested and proved sound at the commencement of filming / taping.
Most broadcasters and financing bodies require the limits for Negative Film/Videotape, Faulty Stock, Camera and Processing coverages to be the full limit of the budget.
Related Post: Camera and Film Processing Insurance
Film Insurance 101 & How to Protect Your Film Project
Film Production Insurance: Why it is needed
Film Insurance: Small Budget vs. Large Budget
Negative Film / Videotape and Faulty Stock