Different people have different possessions to treasure. Some cherish their homes, while some are super enthusiastic about their cars. Some fancy their vintage jewelry collection, while some love their musical instruments. You can guess by the heading that here; we will talk about musical instruments as prized possessions and how musical instrument owners can ensure the safety of their valuable belongings.
Home insurance might not be the right choice for musical instruments.
As far as protecting musical instruments is concerned, the first name that comes to the mind of many musicians or hobbyists is home insurance. Although a home or renters insurance plan offers built-in protection to musical gears, the coverage is limited. Musical instruments are personal belongings. However, if you use them professionally, your home insurance policy is least likely to cover them. And most home or renters insurance plans offer on-premises coverage. So, if your musical gear is damaged, stolen, or lost outside your home, your homeowners' policy will not cover it.
What should you do then? The answer is very simple. Buy yourself a comprehensive Musical Instruments Insurance and take a sigh of relief.
What articles does insurance for musical instruments cover?
Insurance plans specially formulated for musical instruments cover almost every type of musical instrument. These include the following:
● Pianos
● Acoustic guitars
● Electric guitars
● Stringed musical gears, such as cello, violin, viola
● Synthesizers
● Brass musical instruments
● Reed gears
● Woodwind instruments such as clarinet, flute, trumpet, among others
● Vintage musical gears
Does specialized insurance for musical gears cover accessories?
When it comes to covering your entire musical paraphernalia, you can rely on a dedicated Musical Instruments Insurance plan. Such insurance products not only cover main equipment but accessories as well. These include:
● Mixing desk
● Mastering units
● Amplifiers
● PA systems
● Microphones
● Stands
● Sheet music, to mention a few
Good insurance providers know that the accessories are equally expensive as musical instruments. Therefore, comprehensive coverage is a must. And, you cannot get a high level of coverage with your home insurance plan. For musical instrument owners with a vast collection of accessories, specialized insurance can be a savior of tough times.
What about live performances? Will your home insurance plan cover your gear?
If you are a professional musician, you already know that your home or renter insurance plan will not cover your instruments in situations like concerts, studios, and roadshows, among others. The reason - in such scenarios, you are using them in a professional capacity. Moreover, if you are a touring artist, who travels the world with gears, then also your home insurance plan will be of no use. So, only a dedicated insurance plan for musical instruments can provide you with proper protection.
What is the meaning of all-risk cover pertaining to musical instrument insurance?
As the name suggests, all-risk means all types of risks, including natural disasters, theft, robbery, vandalism, to mention a few. Your home insurance plan may cover you against these situations up to some extent only if the mishap has happened inside the insured premises. So, you are wise enough to understand why professional musicians and all types of musical instrument owners should have standalone musical gear insurance plans in place.
Where to buy an insurance plan from?
Owing to the increasing popularity of musical instrument protection plans, you will find many service providers selling musical gear insurance plans. However, you should make sure to make an informed choice. One of the best ways to find an insurance service provider is to search on the internet, the biggest directory in the world. Take a look at the following steps:
● Make a search with the best musical instrument insurance company along with the name of your state.
● Once you get the list of the companies, sort out the top five names, and visit their websites.
● Check out the following details on their websites:
● The types of policy they sell.
● The extent of coverage available with every policy.
● The amount of premiums you need to shell out. (Such information would be easily available on asking them)
● The time they take to settle claims.
● The certificates and credentials they hold.
● Their licenses.
● Customer testimonials.
All the information will help you find a reliable and customer-centric insurance provider in your state.
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