Lights, Cameras, Insurance: What is third party property damage coverage?
The mantra “Location, location, location” is important not only in real estate but also in the world of film. If the film requires the two main leads to share their first kiss at Dodgers stadium… you will definitely have to film there. Third Party Property Damage coverage is usually covered under a production package policy and pays for damage or destruction of property of others while it is in the care, custody or control of the production company. So, let’s say an electrical fire occurs at a mansion you are filming at. This coverage will enable you to reimburse the owner of the location. Please keep in mind you will be responsible for payment of a deductible… usually in the neighborhood of $2,500-$3,500. While scouting locations you should ask the owner of the property or management company what their insurance requirements are. Many times the owners of locations will require a certificate or insurance that names them both as an additional insured (under your general liability policy
