Talk with your insurance agent. I tried to add my camera to my policy, but they said it would be covered in full up to $20K. Every insurance company seems to have their own rules.
However, homeowners insurance is not a Warranty / service contract, if it stops working after the warranty is up, you pay. But, if you accidently drop it into a lake, read your policy first
Also make sure it is covered if stolen from your car or in a robbery, homeowners may not cover that, and theft from a car is the most likely thing to happen short of a equipment failure.
I live in the New Orleans area...so, there is theft...and well, there IS a lot of drinking down here, and a camera at a festival could be harmed by someone, or even said photographer (I'm careful, but accidents happen at things like this, but I do want to shoot some of them)...so, the insurance things occurred to me.
I rent, and am recently moved to an area, that State Farm was hesitant to insure, so had to go with the states insurance of last resort...not sure if they would offer anything above my renters insurance of things in my home.
I saw someone mention a company named MARSH...will look that up. Are there any companies that will insure only a camera?
I do hope to make a little $$ off the camera. I do have a company of my own, but is dormant right now, and no insurance with/through it....so not sure who I'd call or contact for that.
Also, the last post made me think of extended warranties. Are they a viable thing to get with a camera of this sort? I've had the Square Deal one on my plasma tv I got..is that worth while to get on a new 5D mk3?
Thanks in advance for all advice!!