Saxophone Insurance - Things That an Insurance Plan Would Cover

Music is serious business and like all other businesses or professions there are many risks attached to it. Irrespective of whether you are an amateur musician trying to establish your name or one who tours and mesmerizes the world, you need to safeguard your most valuable possession i.e. your musical instrument. If you play the saxophone, you need to purchase saxophone insurance which will protect you financially in different kinds of circumstances. Here in this short write-up we take a look at what these plans cover.

1.     Theft/Misplacement – This is one of the most common risks associated with your saxophone or any other instrument that you own. It can be stolen from your home or while you are touring across different cities. There are also numerous incidents when these instruments get misplaced due to careless attitude of baggage handling staff at airport or even by your own crew members. An insurance plan would take care of such loss and cover the financial loss of having to invest in a new instrument.

2.     Damage –Your instrument is always at the risk of damage. You may accidentally drop it while performing or practicing or it may suffer damage during transit. Repairing them cancost you dearly depending on the severity of damage and the rarity of your instrument. You won’t have to bear the cost of repair when you have an insurance plan as they takes care of the entire cost for all kinds of damages that are included in the plan.

3.     Fire – There are many musicians who have lost their instruments to incidents of fire. This can happen to your instrument at home or at the recording studio and a good plan would cover the financial losses associated with the same. Don’t depend on yourhomeowner’s insurance plan as it won’t cover the complete cost of the instrument.

4.     Natural Disasters – Can you predict natural disasters? You can’t and thus you always need to prepare yourself for hurricanes, storms and flooding. Such natural calamities can lead to loss or damage to the instrument and hence you need adequate compensation. Like in the case of fire, your homeowner’s insurance plan isn’t enough especially when you have an instrument of vintage value.

Complete Coverage for Orchestra     
Often you need insurance plans that offer protection to a group such as an orchestra. If you are a part of an orchestra or manage one, you need to opt for an orchestra insurance plan. These plans are tailored for all the risks that an orchestra group is subject to. Apart from covering the loss and damage of the instrument these also offer you liability coverage that safeguards you from any third-party claims relating to injuries and damage to property while you are performing.

Since there are a number of music insurance companies that sell these plans you need to zero in on one after careful research. Insurance can often be shady business and hence you must work with a company that has successfully catered to the needs of musicians in the past and compensated them in the event of a claim.