Being in the music industry would have enlightened you by now the importance of insurance.You will notice that all your peers, colleagues and friends within the industry have insured their precious musical instruments. Buying insurance is considered to be one of the safest tricks in the book. With the increasing amount of traveling that musicians have to do, there is no guarantee that your instrument will always be in working condition. Moreover you know that having a broken down instrument is as good as not having one at all!Since music is what brings the food to your dinner table, learn to respect it, learn to safeguard it and learn to insure it.
As the owner of an expensive musical instrument such as oboe, it becomes all the more important to purchase insurance. Oboe insurance will help you in the tough times and by chance there is a major damage to the instrument you can repair it or replace it with the insurance money. But if you haven’t yet purchased insurance and don’t have any clue about how to go about it, keep in mind the following checklist. The checklist will help you get the best policy, at the best rates without any compromise.
Understand Your Policy Options
Nowadays insurance companies are offering several benefits for musicians. If you have a proper know-how of the various kinds of policies, you can get the best policy for your instrument. Some of the benefits offered by insurance companies include the Right of Repurchase, Newly Acquired Instrument Coverage, Borrowed Instrument Coverage, Replacement Instrument Coverage etc. If you have just purchased a new flute, you can easily opt for flute insurance that is specially designed for newly acquired instruments.
Understand How Premiums Work
Your insurance policy will last as long as you pay your premiums on time. Premiums are in many ways the lifeline of insurance and thus you need to understand how they work before anything. Premium cost is calculated keeping in mind certain things, such as the condition of the oboe or flute, how old it is, how often you play the instrument and so on. Once the premium rate is determined, you have to agree to pay the amount on a monthly, quarterly, bi-annually or yearly basis.
Understand How Insurance Benefits You
It’s easy to say that insurance is a protection for your musical instrument.But it is equally difficult to understand what the benefits really are. Before agreeing to any kind of policy, first ask a few questions to your agent. Do I get a lump sum amount as claim? How is the instrument assessed before the insurance company agrees to pay? Does bigger premium ensure bigger returns in the future?
Choose A Reputed Company
Finally remember that it all boils down to the reputation of the insurance company. You will get the best music insurance only from a company that has been in the business for a very long time. Try to purchase insurance from a company that offers a wide variety of musical insurance.
As the owner of an expensive musical instrument such as oboe, it becomes all the more important to purchase insurance. Oboe insurance will help you in the tough times and by chance there is a major damage to the instrument you can repair it or replace it with the insurance money. But if you haven’t yet purchased insurance and don’t have any clue about how to go about it, keep in mind the following checklist. The checklist will help you get the best policy, at the best rates without any compromise.
Understand Your Policy Options
Nowadays insurance companies are offering several benefits for musicians. If you have a proper know-how of the various kinds of policies, you can get the best policy for your instrument. Some of the benefits offered by insurance companies include the Right of Repurchase, Newly Acquired Instrument Coverage, Borrowed Instrument Coverage, Replacement Instrument Coverage etc. If you have just purchased a new flute, you can easily opt for flute insurance that is specially designed for newly acquired instruments.
Understand How Premiums Work
Your insurance policy will last as long as you pay your premiums on time. Premiums are in many ways the lifeline of insurance and thus you need to understand how they work before anything. Premium cost is calculated keeping in mind certain things, such as the condition of the oboe or flute, how old it is, how often you play the instrument and so on. Once the premium rate is determined, you have to agree to pay the amount on a monthly, quarterly, bi-annually or yearly basis.
Understand How Insurance Benefits You
It’s easy to say that insurance is a protection for your musical instrument.But it is equally difficult to understand what the benefits really are. Before agreeing to any kind of policy, first ask a few questions to your agent. Do I get a lump sum amount as claim? How is the instrument assessed before the insurance company agrees to pay? Does bigger premium ensure bigger returns in the future?
Choose A Reputed Company
Finally remember that it all boils down to the reputation of the insurance company. You will get the best music insurance only from a company that has been in the business for a very long time. Try to purchase insurance from a company that offers a wide variety of musical insurance.
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