Faulty Stock & Processing
The Faulty Stock coverage is usually excluded from the Negative / Videotape coverage and added back as a separate endorsement. The Faulty Stock endorsement provides coverage for loss or damage caused by the following: Fogging, or the use of faulty materials.
*Faulty cameras or videotape recorders.
*Faulty sound equipment or soundtracks.
*Faulty developing, editing, or processing.
*Accidental exposure to light
Faulty cutting, editing, cueing or other laboratory work; or accidental erasure of videotape recordings or soundtracks,
Faulty Coverage indemnifies the Production Company for the extra expenses incurred in re-shooting or repairing the lost or damaged material, or for the aborted costs in the case of abandonment. There is commonly a large deductible for Faulty Coverage.