As a musician, you are often lost out on the value of the instrument you are using. But, that's not the end of it! Most musicians are unaware of their own value, and end up having just a regular policy cover to insure their place, their instrument as well as their own self.
Imagine, being out on a tour with your trailer, gearing up the excitement among the audience, and getting ready to play your music to an eager audience. What will you do when your instrument fails you just at the moment you are about to enter? Losing your instrument is another big deal that many musicians face when they are out for an event.
While losing an instrument is one thing, not being able to perform is another deal altogether. There are chances that your body gives you away at the last moment or, you meet with a fatal accident on the day you are performing. A homeowner's policy or a regular insurance cover may not help you cover loses you face as your event gets canceled due to these incidents.
Insurance is a very important deal for musicians, and you need to look at a cover that not only insures you but also your instruments at the same time. A freak incident, accidents and illness- everything needs to be covered in this musician's coverage that you are planning to take.
Not all insurance covers include the points that are important to you. Hence, you need to follow a checklist that will help you buy the apt cover for you.
Keep a Record of All Instruments
If you are planning to have a health insurance to cover yourself as well as your instruments, then you can go ahead with it. But, the homeowner's policy or, the health insurance may not cover stolen equipment. In case you have your instrument stolen, and find it later, you will need to prove that it is your instrument. This is why musicians should take photos of the instrument as well as the serial numbers of the instrument and store it in a file on your laptop. Make sure it comes with a backup. This will prove to be helpful when you try to retrieve your stolen instruments
If you are planning to have a health insurance to cover yourself as well as your instruments, then you can go ahead with it. But, the homeowner's policy or, the health insurance may not cover stolen equipment. In case you have your instrument stolen, and find it later, you will need to prove that it is your instrument. This is why musicians should take photos of the instrument as well as the serial numbers of the instrument and store it in a file on your laptop. Make sure it comes with a backup. This will prove to be helpful when you try to retrieve your stolen instruments
Flexible Insurance Options
There are various types of coverage available in the insurance market as of now and you need to avail something that is specifically designed for the musicians. You will need to take the insurance cover that will insure your instrument at home as well as during concerts and tours. If you are musician by profession you need a cover that differs from that which hobby musicians use.
There are various types of coverage available in the insurance market as of now and you need to avail something that is specifically designed for the musicians. You will need to take the insurance cover that will insure your instrument at home as well as during concerts and tours. If you are musician by profession you need a cover that differs from that which hobby musicians use.
Make sure the valuation of the insurance looks into the current value of your instrument, and the type of instrument it is as well as the appraisals that the instrument comes with when it grows old.
Claiming the Insurance
How will you claim the insurance while on the road? That needs to be answered before you pick the insurance of your choice. You need to check on how to claim the insurance, and what all things are covered in the policy when on the road, before choosing one. Make sure the insurance company has a file with all the details of your insurance with them, so that claiming them is easy and hassle-free.
How will you claim the insurance while on the road? That needs to be answered before you pick the insurance of your choice. You need to check on how to claim the insurance, and what all things are covered in the policy when on the road, before choosing one. Make sure the insurance company has a file with all the details of your insurance with them, so that claiming them is easy and hassle-free.
So, next time you are planning to get a musicians coverage, make sure you have this checklist handy. Also, make sure you know the amount you should be investing, which will depend on the instrument valuation to a great extent and its age.
No comments:
Post a Comment