Your piccolo is delicate, expensive, and beautiful. Don’t you think that you need to protect it from the uncertainties of the future? If you are an artist and are unaware of what Piccolo Insurance is, read on!
Musical Instrument Insurance - An Overview
Musical instrument and accessories insurance is a dedicated coverage, specially designed for music professionals. However, many people, including musicians, music shop owners, and music enthusiasts are unaware that such insurance policies are available in the market at competitive rates. Some also mistake their homeowners', business, or renter’s insurance policies to be a decent cover for their musical instruments.
However, any insurance that does not address the unique needs of the musicians is likely to compensate up to $2000 against the claims made. And, a cover of up to $2000 might not be sufficient for repairing or buying new instruments. Therefore, customer-friendly insurance companies also offer standalone musical instrument insurance plans.
Musical Instrument Insurance - An Overview
Musical instrument and accessories insurance is a dedicated coverage, specially designed for music professionals. However, many people, including musicians, music shop owners, and music enthusiasts are unaware that such insurance policies are available in the market at competitive rates. Some also mistake their homeowners', business, or renter’s insurance policies to be a decent cover for their musical instruments.
However, any insurance that does not address the unique needs of the musicians is likely to compensate up to $2000 against the claims made. And, a cover of up to $2000 might not be sufficient for repairing or buying new instruments. Therefore, customer-friendly insurance companies also offer standalone musical instrument insurance plans.
How is the Total Cost of Insurance Calculated?
Quite obviously, the cost of musical instrument insurance policies will vary depending on the type, model, and make of the gears. How much do the prices vary? Well, when discussing insurance covers with a potential insurance service provider, you should provide them with an inventory of the instruments and accessories you want to insure. Your insurance premiums are decided based on the classification of your items and their total value. This is how the total cost of your Piccolo insurance is calculated.
Re-buy or update?
As a musician, you’re likely to add new gears to your collection frequently. So, do you need to re-buy a policy, every time you buy something new, or you can include it onto your existing policy? Most of the customer-oriented and reliable insurers provide their customers with the ease of managing and maintaining the list of covered instruments under them, as and when needed. On updating the list, they will calculate the difference in the premium and update accordingly.
What Aspects does Musical Instrument Plan Cover?
Are musical instrument insurance plans limited to theft and damage or there is more to it? Well, when it comes to such gears, theft is one of the most commonly reported issues. So, yes, gear insurance plans do cover theft. However, they cover accidental damage and breakage too. With a reliable service provider, you also get the assurance of worldwide coverage against losses like fire, theft, vandalism, damages caused due to elements of nature such as rain, thunderstorm, flood, earthquake, etc. Moreover, they also cover loss or damage suffered during transit.
No Room for Intentional Damage!
And, what if you intentionally break your piccolo out of adrenaline rush or something else? No, intentional damage is not covered.
How Long Does It Take To Issue A Policy?
With the best insurance service provider, you are more likely to get same-day policy issuance, if you want. Over the years, they have been keeping no stone unturned to provide their customers with the best possible services. Issuing insurance policies are no different.
Does It Claim Settlement You’re Worried About?
How much time does it take to settle a claim? Well, claim settlement mainly depends on the facts. So, the timing depends on - how much time did you take to report the police in case of theft or prepare an estimate of replacement or repair in case of accidental damage, matters here. There are situations when you are traveling, and you can wrap up the loose ends until you have returned. However, the process of claim settlement, in general, usually takes 1 to 2 days with a good service provider.
And, Before You Sign On The Dotted Lines…
So, now that you know that as a piccolo player, how badly you need a Piccolo Insurance, it's time to find a reliable and experienced service provider. And, while doing so, you might get confused owing to the ample availability of options in the market. But, don’t worry! By doing thorough research about your potential choices, you can find a good one.
Make sure to ask for price quotations from multiple insurance companies. Also, be very careful while declaring your assets because your insurer will underwrite instruments and accessories based on the information you provided.
Once you are assured that whatever’s written on your policy papers are good to go, and then only sign on those dotted lines. If you sign your policy copy without reading, you might end up making a mistake. Therefore, reputable service providers ask their customers to read the documents carefully before signing.
Be an informed buyer, choose the right Piccolo Insurance, and enjoy peace of mind.
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