Cases where musicians experience loss, theft or accidental damage to their musical instruments are not rare. Indeed these are common things that menace musicians every now and then.
This may not only slice into a musician’s budget but may even have emotional impact as well. Therefore considering musical instrument insurance would be a wise decision for musicians.
A musical instrument insurance company will cover instruments ranging from violins, cellos, harps, double basses, acoustic and electric guitars to string instruments, woodwinds, musical percussion instruments, brass instruments and jazz instruments. If needed, the insurance company will replace your instrument with a new one of the same brand.
You can decide on either broad or limited musical instrument insurances. Broad musical instrument insurance covers valuable instruments, like cellos or violins. Whereas the limited musical instrument insurance covers instruments owned by private individuals used in orchestras, churches and drum corps.
You can also use musical instrument insurance for covering instrument accessories, like strings, bows, instrument cases picks, sheet music, sticks and tuning equipment. Musical instrument insurance doesn’t cover gradual deterioration, wear, tear and insects.
A considerable number of people think that their home insurance covers their musical instruments as well, but don’t count on it. Indeed buy musical instrument insurance since damage may occur to it outside your home.
Insure your musical instruments after comparing various insurance quotes offered by musical instrument insurance companies and decide on the one that fits your needs and requirements.
No matter whether you are an amateur or professional musician, consider insuring your valuable investment.
Photo © garromeister
November 6th, 2009 at 6:50 am
This is a great article!
I write musical instrument insurance and I just wanted to say that indeed losses DO happen. I’ve seen everything from running over an instrument to the domino effect with basses, straps breaking and instruments tumbling, other instruments hitting each other, topples, falls, floods and fire to name a few! It certainly does pay to have musical instrument insurance.
Our policy is a standard worldwide coverage based on replacement cost for both professional and non professional use.
You are also indeed correct in saying that a homeowner’s policy may not be the best choice. Many homeowner’s policies cover on an actual cash value (This means they depreciate your instrument!) and your deductible may be upwards of $1000! There are many things to think about.
For a minimum premium of $125 a year, you can’t afford to be WITHOUT musical instrument insurance!
Thanks again!!!