Life is full of ups and downs, and of course, uncertainties. Therefore, we go the extra mile to ensure that our life, health, and belongings are risk-proof. Although sometimes, it is not possible to deter a mishap no matter how hard you try, you can still minimize the mars of the after-effects. Isn't it?
Here is an example for you.
What if you met with an unavoidable accident affecting your health and vehicle? You may not save yourself from getting injured or suffer vehicle damage. However, with your health and auto insurance in place, you can protect your finances from the unfortunate situation and get the right care, at least. Right?
The same scenario stands true for your musical instruments. Suppose -you are a woodwind player, then you essentially need comprehensive woodwind to make your gear and finances peril(s)-safe, regardless of your professional status.
Right now, your mind is flooded with so many questions about specialized musical insurance policies. It is quite understandable. When you decide to buy a policy, it is crucial to know about the ins and outs of the same.
No issues, here we have some frequently asked questions for you. Hopefully, these will help you meet your queries. Let's read on!
1. Which musical gears belong to the woodwind category?
The instruments that are members of the woodwind family include the following:
● Flute
● Piccolo
● Oboe
● Clarinet
● Bassoon
● Contrabassoon
● English horn
● Saxophone
So, if you are a flute player or you simply own a flute, getting dedicated Flute Insurance should be your priority.
2. What is public liability insurance, and how can it be related to your musical instruments?
Public liability insurance is also known as third-party insurance. It covers you against any legal liability (where you are held responsible) associated with your musical instruments or music organization, resulting in physical injury or property damage to someone else.
For example - it would be a legal liability related to your musical instruments, if
● You own a musical instrument dealership, and a customer gets injured on the premises of your shop.
● You are a flute player, and someone from the audience gets injured due to mismanagement at your concert.
Here a comprehensive musical instrument insurance policy will come in handy to protect you from all the financial consequences following such a scenario.
3. Can you add others under your musical instrument insurance policy?
When you are covering your musical instrument, say, your flute, your Flute Insurance would be in your name or only one person's name. It means there would be only one policyholder to whom the clauses would be addressed. Although it is a standard, it would be wise to contact your insurance provider beforehand.
4. What if you suffer a loss of income scenario post an accident related to your musical instruments? Will your insurance cover you?
Although coverage against loss of income may vary from one service provider to the other, with a customer-centric insurance service provider you are likely to get this cover. If you need this cover, make sure to confirm with your insurance provider.
5. Is your home insurance plan not enough to cover your gear?
Although your home insurance policy will cover your gears, there would be one or more limitations. These limitations would not ensure complete coverage under all situations. Therefore, industry experts opine that you should buy dedicated insurance cover for your musical instruments. Or else, your gears might remain uncovered at the time of need.
Final words
These are some of the most common questions that people have about musical instrument insurance policies. Hopefully, these FAQs will help you make the right choice (for musical instruments) between your home insurance and dedicated insurance plan for musical instruments.
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