COI Value Calculator — Calculate Your Kit's Total Replacement Value

Kit Components

Camera Body Value ($)

Lens 1 Value ($)

Lens 2 Value ($)

Lens 3 Value ($)

Lighting / Grip Value ($)

Accessories Value ($)

Batteries, cards, cables, bags, tripods, etc.

Insurance Requirements

Total Kit Replacement Value

—

Recommended COI Amount —

Suggested Deposit —

Insurance Notes —

Start Your Free Trial

How It Works

📷

Add Up Your Kit

Enter the replacement value of each item in the rental kit - camera body, lenses, lighting, and accessories.

🛡️

Get Insurance Minimums

See the recommended COI (Certificate of Insurance) amount and deposit your renter should provide to cover the kit.

📝

Protect Your Business

Use the insurance notes to set the right policy for each rental based on total kit value and risk level.

Automate Deposits and Waivers with Reservety

Reservety handles security deposits, damage waivers, and rental agreements automatically during checkout. Protect your gear without manual paperwork.

Start Free Trial See How It Works

14-day free trial

No credit card

Cancel anytime

Free migration

Frequently Asked Questions

What is a COI and when should I require one?

A Certificate of Insurance (COI) is a document from the renter's insurance company proving they have coverage that will pay if the rented equipment is damaged, lost, or stolen. Most camera rental houses require a COI for rentals over $5,000 in total kit value. The COI should name your business as an 'additional insured' so you can file a claim directly with their insurer.

How much deposit should I charge for camera rentals?

A typical deposit is 20-30% of the kit's total replacement value, charged as a credit card hold (not a charge). For kits under $2,500, a 30% deposit is common. For kits $2,500-$10,000, 25% is standard. For kits above $10,000, 20% plus a COI is the norm. The deposit should cover your insurance deductible at minimum. Always hold the deposit on a credit card rather than cash or check.

Should I offer a damage waiver instead of requiring insurance?

Many rental businesses offer an optional damage waiver priced at 10-15% of the rental fee. The waiver reduces or eliminates the renter's liability for accidental damage (not theft or negligence). This works well for smaller rentals where requiring a COI feels excessive. It generates extra revenue and gives renters peace of mind. Just make sure your own business insurance covers the gap.