Have you protected your musical instrument against all risks? Like most musicians, there is a lot of attachment that you would share with your cello or any other instrument you play. But there are possibilities that the instrument may be stolen or suffer a damage. In such cases cello insurance not only offer you little emotional comfort but also help you deal with the financial burden of repairs or replacing the instrument.
Home Insurance Isn’t Enough
There is a misconception among the musician fraternity that their musical instruments can be covered under the home insurance plan and there is no need to buy a specialized plan to protect their instruments. The fact is home insurance plan offer the same coverage to your instrument as they offer for your coffee table! They don’t cover the risks associated with playing your cello or other instrument at a concert or offering music lessons to your students. A comprehensive cello insurance plan would take care of all the risks that a professional or an amateur musician has to face on any given day and offer protection for the same.
Be Careful With The Coverage
When insuring your cello or buying any other insurance plan you must always plan for the worst case scenario where you lose the instrument or it is damaged beyond repairs. It is all the more important for those who earn their living playing these instruments. The insurance plan should cover the total replacement cost of a new instrument irrespective of the age and condition of your instrument. The insurance plan must have a ‘new for old’ replacement clause as this protect you against the financial hurdles that you would otherwise face in buying a premium product. If you own an item that is of vintage value you must get it appraised before you go out to buy a plan as their valuations are often pretty dynamic.
Buy a Plan for Your Needs
If you thought that there is a ‘one size fits all’ insurance plan that would protect your cello, you are misinformed. The needs of an amateur musician are quite different from one who tours different parts of the world to mesmerize audiences. Similarly a music instructor or one who plays only during recordings would have different needs from an onstage performer. Thankfully music insurance companies are offering tailored plans that are meant to suit an individual’s style and needs. Hence to get comprehensive protection for your instrument you must make the agent or representative of the company of your exact needs and they would guide you to the right plan.
To sum up there are a number of companies that offer you specialized music insurance plans and hence you must be extremely choosy. Ensure that the company enjoys a strong reputation in the musician fraternity. You can also ask for suggestions and referrals from your colleagues and fellow musicians who have insured their instruments in the recent past. Carefully take note of the inclusions and exclusions in the plan before signing the dotted line.
Home Insurance Isn’t Enough
There is a misconception among the musician fraternity that their musical instruments can be covered under the home insurance plan and there is no need to buy a specialized plan to protect their instruments. The fact is home insurance plan offer the same coverage to your instrument as they offer for your coffee table! They don’t cover the risks associated with playing your cello or other instrument at a concert or offering music lessons to your students. A comprehensive cello insurance plan would take care of all the risks that a professional or an amateur musician has to face on any given day and offer protection for the same.
Be Careful With The Coverage
When insuring your cello or buying any other insurance plan you must always plan for the worst case scenario where you lose the instrument or it is damaged beyond repairs. It is all the more important for those who earn their living playing these instruments. The insurance plan should cover the total replacement cost of a new instrument irrespective of the age and condition of your instrument. The insurance plan must have a ‘new for old’ replacement clause as this protect you against the financial hurdles that you would otherwise face in buying a premium product. If you own an item that is of vintage value you must get it appraised before you go out to buy a plan as their valuations are often pretty dynamic.
Buy a Plan for Your Needs
If you thought that there is a ‘one size fits all’ insurance plan that would protect your cello, you are misinformed. The needs of an amateur musician are quite different from one who tours different parts of the world to mesmerize audiences. Similarly a music instructor or one who plays only during recordings would have different needs from an onstage performer. Thankfully music insurance companies are offering tailored plans that are meant to suit an individual’s style and needs. Hence to get comprehensive protection for your instrument you must make the agent or representative of the company of your exact needs and they would guide you to the right plan.
To sum up there are a number of companies that offer you specialized music insurance plans and hence you must be extremely choosy. Ensure that the company enjoys a strong reputation in the musician fraternity. You can also ask for suggestions and referrals from your colleagues and fellow musicians who have insured their instruments in the recent past. Carefully take note of the inclusions and exclusions in the plan before signing the dotted line.
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