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Negative Film Insurance

Covers all risks of physical loss or damage to the negative film and indemnifies the Production Company for the extra expenses incurred in re-shooting the lost or damaged material, or for the aborted costs in the case of abandonment. This coverage basically covers "external" damage to the film and specifically excludes loss from faulty materials, cameras, processing, etc. These exposures are insured under the Faulty Stock section and therefore the two lines of coverage are commonly purchased together to provide complete protection. There is commonly no deductible for Negative / Videotape coverage.