The importance of insurance for your musical instruments needs no introduction. In the last few years we have seen an overwhelming popularity for these insurance plans not only among the top rated stars but also among the amateur performers. As a performer there are many things at stake and you need to select the right cello insurance or that for any other musical instrument that you may plan. It is easier said than done and many musicians end up buying plans that don’t offer them adequate protection. So here we shall share a few tips that will help you get the right coverage for your beloved musical instrument.
# Theft, Loss & Misplacement
Waking up to the fact that your prized instrument has been stolen or misplaced is never easy. Thinking about the financial burden attached to this loss can be quite disappointing. The instrument can be stolen from a parked car, lost during transit or misplaced during an event and fall into wrong hands. These stories are pretty common and every musician has had to go through this in a long career.In all such cases the insurance plan that you opt for should take care of the financial burden it poses to you.
# Repair Costs
You know how much it takes to repair your piccolo or cello. It isn’t like your automobile repair as there are a few professional who can restore and repair your instrument back to its original state and repair costs can often be only a fraction less than replacement costs. The plan you opt for should cover the cost of repair as this removes a huge financial burden off your shoulder.
# New Replacement for Old
What makes musical instrument specific plans different from other types of insurance is the fact that they cover the entire cost of replacement. For instance if you had bought an instrument for $1000 a decade back getting a replacement in case of loss or damage would cost you a few times your original investment and a good cello or piccolo insurance plan should offer you the new for the old coverage.
# Cost of Hiring
Imagine a situation when you have lost your instrument or it has been damaged in transit and you are to play in an event the same day or the next. There is no other option but to hire the instrument and this can involve lot of money. There are some insurance plans that would cover the cost of hiring an instrument and not causing any disruptions to your schedule. While this may not be a part of the basic insurance plan, you can always choose this as an add-on cover.
While these tips will lead you to the right company it is equally important for you to compare the plans from different companies. You can visit their websites and take a look at what they cover and the types of add-ons available. You can also request for quotes from different companies to ensure you get the best plan and complete value for money.
# Theft, Loss & Misplacement
Waking up to the fact that your prized instrument has been stolen or misplaced is never easy. Thinking about the financial burden attached to this loss can be quite disappointing. The instrument can be stolen from a parked car, lost during transit or misplaced during an event and fall into wrong hands. These stories are pretty common and every musician has had to go through this in a long career.In all such cases the insurance plan that you opt for should take care of the financial burden it poses to you.
# Repair Costs
You know how much it takes to repair your piccolo or cello. It isn’t like your automobile repair as there are a few professional who can restore and repair your instrument back to its original state and repair costs can often be only a fraction less than replacement costs. The plan you opt for should cover the cost of repair as this removes a huge financial burden off your shoulder.
# New Replacement for Old
What makes musical instrument specific plans different from other types of insurance is the fact that they cover the entire cost of replacement. For instance if you had bought an instrument for $1000 a decade back getting a replacement in case of loss or damage would cost you a few times your original investment and a good cello or piccolo insurance plan should offer you the new for the old coverage.
# Cost of Hiring
Imagine a situation when you have lost your instrument or it has been damaged in transit and you are to play in an event the same day or the next. There is no other option but to hire the instrument and this can involve lot of money. There are some insurance plans that would cover the cost of hiring an instrument and not causing any disruptions to your schedule. While this may not be a part of the basic insurance plan, you can always choose this as an add-on cover.
While these tips will lead you to the right company it is equally important for you to compare the plans from different companies. You can visit their websites and take a look at what they cover and the types of add-ons available. You can also request for quotes from different companies to ensure you get the best plan and complete value for money.
No comments:
Post a Comment