Insurance is the ‘promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company’. In simpler terms, insurance helps deal with unforeseen financial burdens. Most often we associate insurance with home, car and health but hardly without our other prized possessions. Musicians are often called eccentric, who are madly in love with music. Naturally, a musician holds his musical instrument close to heart and thinks it to be more precious than his car and home. It is essential that musicians get music insurance which protects their prized possessions.
Who Is Eligible for Music Insurance?
You will find several insurance companies that cater specifically to the requirements of a musician and his musical instruments. According to them, anyone and everyone who owns a prized instrument are eligible for the insurance.Insurance companies offer covers to students and amateur artists, professionals, music companyet al.
What Gets Covered?
Competitive premiums are offered to almost anyone looking for insurance. You can get insurance for all kinds of instrument, from the very common ones to the rare one. The best companies also offer heritage instrument insurance to safeguard your prized instruments. You can also get cover for musical accessories such as tuners, metronomes, sheets, music stands etc. Usually there is no maximum value limit on insurance, everything can get covered.
What Are the Premium Policies?
Different companies have different premium payment schemes. When you choose a company, you have to understand how does the company charges premium. Usually there are different premium schemes for the different musical instruments. The premiums are often tailored for specific needs. For example, if you want to insure your guitar, there are several considerations which will determine the premium you pay. Is it a professional guitar? Whether you own a bass, electric or acoustic guitar? What kind of insurance do you want? Are you looking for accidental coverage? Or are you looking for coverage from damage?
How To Pay Premiums?
Most insurance companies offering covers for musical instruments do not accept premiums in cash. They are quite specific in this regard and accept only checks and money orders.
How To Report Claims?
When the time comes for you to get the money promised under the insurance, you have to report a claim. To report a claim, you can to directly contact the company, either personally or through an e-mail or fax. You will also be required to submit a form where all necessary information are mentioned. Information such as instrument involved, item on schedule, probable amount of loss have to be explicitly mentioned in the form.
Can Your Policy Be Renewed?
Policies can be renewed when you notify the insurance agency in due time. Usually an insurance company expects to be told approximately 30 to 45 days before the expiry date about renewal. While renewing the policy, you have to mention your address, telephone numbers, email address again. But if you want new instruments to be insured, you have to get a new policy.
Who Is Eligible for Music Insurance?
You will find several insurance companies that cater specifically to the requirements of a musician and his musical instruments. According to them, anyone and everyone who owns a prized instrument are eligible for the insurance.Insurance companies offer covers to students and amateur artists, professionals, music companyet al.
What Gets Covered?
Competitive premiums are offered to almost anyone looking for insurance. You can get insurance for all kinds of instrument, from the very common ones to the rare one. The best companies also offer heritage instrument insurance to safeguard your prized instruments. You can also get cover for musical accessories such as tuners, metronomes, sheets, music stands etc. Usually there is no maximum value limit on insurance, everything can get covered.
What Are the Premium Policies?
Different companies have different premium payment schemes. When you choose a company, you have to understand how does the company charges premium. Usually there are different premium schemes for the different musical instruments. The premiums are often tailored for specific needs. For example, if you want to insure your guitar, there are several considerations which will determine the premium you pay. Is it a professional guitar? Whether you own a bass, electric or acoustic guitar? What kind of insurance do you want? Are you looking for accidental coverage? Or are you looking for coverage from damage?
How To Pay Premiums?
Most insurance companies offering covers for musical instruments do not accept premiums in cash. They are quite specific in this regard and accept only checks and money orders.
How To Report Claims?
When the time comes for you to get the money promised under the insurance, you have to report a claim. To report a claim, you can to directly contact the company, either personally or through an e-mail or fax. You will also be required to submit a form where all necessary information are mentioned. Information such as instrument involved, item on schedule, probable amount of loss have to be explicitly mentioned in the form.
Can Your Policy Be Renewed?
Policies can be renewed when you notify the insurance agency in due time. Usually an insurance company expects to be told approximately 30 to 45 days before the expiry date about renewal. While renewing the policy, you have to mention your address, telephone numbers, email address again. But if you want new instruments to be insured, you have to get a new policy.
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