According to the Oxford dictionary, insurance is “an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.” With uncertainties all around, whether it is upon matters of life, property, vehicle or profession, it is best that you get yourself and your valuables insured. While, as specified in Oxford, you will have to pay a specified premium every few months to keep the insurance alive, it is worth every penny.
While you must have heard enough about the importance of purchasing insurance for your life, property, etc., this is the right time to tell you that insurance is equally important for your profession. In case you are a musicians there are several reasons why insurance should be one of the key must-haves in your life.
• Securing The Future – The future is unknown and that’s why safeguarding it is important. For a musician whose bread and butter come from playing his precious instruments, it is the only way to be future-assured.
• Assured Returns – Musical instruments are likely to break or get damaged, especially if you travel with them frequently. Once you have an instrument coverage, you can be sure that your insurance will take care of the replacement or repair (as is applicable) at the right time.
• Peace of Mind – A musician has to be constantly worried about his musical instrument, whether he travels with it or not. The risk of others mishandling it, to risk of theft or damage constantly lingers in one’s mind. But with a musicians coverage, you can have the peace of mind and play your instrument without any worry.
While you must have heard enough about the importance of purchasing insurance for your life, property, etc., this is the right time to tell you that insurance is equally important for your profession. In case you are a musicians there are several reasons why insurance should be one of the key must-haves in your life.
• Securing The Future – The future is unknown and that’s why safeguarding it is important. For a musician whose bread and butter come from playing his precious instruments, it is the only way to be future-assured.
• Assured Returns – Musical instruments are likely to break or get damaged, especially if you travel with them frequently. Once you have an instrument coverage, you can be sure that your insurance will take care of the replacement or repair (as is applicable) at the right time.
• Peace of Mind – A musician has to be constantly worried about his musical instrument, whether he travels with it or not. The risk of others mishandling it, to risk of theft or damage constantly lingers in one’s mind. But with a musicians coverage, you can have the peace of mind and play your instrument without any worry.
Importance of Reading Fine Prints
Though I have mentioned just a few benefits of getting instruments coverage, it is important you understand that you shouldn’t be making a hasty decision. Insurance is tricky business and unless you know what documents you are signing, you could well be in trouble. That’s why it is commonly said that being hasty is being nasty. Take you time to read the offer documents, understand the fine prints and only when you are sure of every detail, sign on the dotted lines. Reading the fine prints will help in –
• Knowing the duration of the policy. Insurance policies can be purchased on a yearly basis or for longer durations.
• Understanding the premium policies. To keep the policy alive, you have to continue paying premiums at frequent intervals. You must know how much you have to pay, what’s the calculation, whether the premium amount is correct beforehand.
• The benefits of the policy. Since there are different types of insurance policies for musicians, reading the fine prints will tell you all about the benefits of a particular policy.By reading the documents, you will know whether you are purchasing event liability insurance, saxophone insurance, music teacher insurance or something else.
It is best to seek the advice of a trusted insurance agent before you purchase any music insurance. An experienced agent will tell you why and how a particular policy is good for you.
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