There is nothing more painful for a guitarist to know that his/her guitar has been stolen or damaged. When it’s a highly valuable or a rare piece of instrument, the pain and the grief magnifies as such instruments aren’t easy to replace. We have time and again heard stories of guitars being stolen from a tour van or being damaged due to the negligence of an irresponsible baggage handler at the airport. Such stories aren’t rare but more of a norm in the music industry and there is little that you can do about such incidents. Guitar insurance can however offer you some solace at the time of pain and ensure you don’t suffer financial losses though there is little that can be done about the emotional loss.
Get It Valued
The appraisal of a guitar or other musical instrument doesn’t follow the same rule that is applied for appraising a vehicle. The appraisal process is complex where a number of things such as the age of the instrument and its rarity are considered important values. So before you buy an insurance to protect your guitar you need to get it valued by a professional who has expertise in this trade. Get the appraisal on paper and preserve it carefully. This will help you get insurance for the instrument’s actual value and not for its depreciative value. Since market forces also affect the value of the instrument, do not forget to get it appraised every 3-4 years or even earlier for correct valuation.
Find Right Insurer
As a musician you can rejoice the fact that there are a number of insurers that offer insurance plans dedicated to the needs of musicians and the music industry. The emergence of such specialized insurers has changed the scene completely for musicians who earlier found it extremely difficult to get a policy that was tailored to their needs. Here you need to take note of the types of insurance coverage that the company offers. For instance along with guitar insurance you may also like buy studio coverage that protects your studio and its equipment against all kinds of thefts and damages. In case you have some special needs you should browse through their website or get in touch with their agents for a tailored plan.
Types of Insurance for Guitar
Music created by different kinds of guitars are different and so are their insurance packages. Whether you want to insure your electric guitar, acoustic guitar or orchestral instrument you would find a plan suited to your needs. Music insurance companies also offer you tailored plans that cover a variety of gear. While purchasing insurance, you need to let your insurer know the amount of travel you undertake, the type of shows you play and the way your travel. All these factors helps them to analyze the risk associated with the instrument and suggest you an adequate plan for your needs.
These things kept in mind will help you buy the right insurance for your needs and protect you valued musical instrument.
Get It Valued
The appraisal of a guitar or other musical instrument doesn’t follow the same rule that is applied for appraising a vehicle. The appraisal process is complex where a number of things such as the age of the instrument and its rarity are considered important values. So before you buy an insurance to protect your guitar you need to get it valued by a professional who has expertise in this trade. Get the appraisal on paper and preserve it carefully. This will help you get insurance for the instrument’s actual value and not for its depreciative value. Since market forces also affect the value of the instrument, do not forget to get it appraised every 3-4 years or even earlier for correct valuation.
Find Right Insurer
As a musician you can rejoice the fact that there are a number of insurers that offer insurance plans dedicated to the needs of musicians and the music industry. The emergence of such specialized insurers has changed the scene completely for musicians who earlier found it extremely difficult to get a policy that was tailored to their needs. Here you need to take note of the types of insurance coverage that the company offers. For instance along with guitar insurance you may also like buy studio coverage that protects your studio and its equipment against all kinds of thefts and damages. In case you have some special needs you should browse through their website or get in touch with their agents for a tailored plan.
Types of Insurance for Guitar
Music created by different kinds of guitars are different and so are their insurance packages. Whether you want to insure your electric guitar, acoustic guitar or orchestral instrument you would find a plan suited to your needs. Music insurance companies also offer you tailored plans that cover a variety of gear. While purchasing insurance, you need to let your insurer know the amount of travel you undertake, the type of shows you play and the way your travel. All these factors helps them to analyze the risk associated with the instrument and suggest you an adequate plan for your needs.
These things kept in mind will help you buy the right insurance for your needs and protect you valued musical instrument.
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