Guide to Choose Audio-Video Equipment Store Insurance

Your audio-video equipment store is more than just a store. It is an adobe for you, your safest haven. Well, if you are a musician or a music enthusiast, then owning a musical instrument shop should be especially rewarding for you. It allows you to live your passion while conducting retail business operations.

For musical instrument insurance shop owners, their shops mean a lot to them. A shop means a lot of investment involved in terms of time and money, and hundreds and thousands of dollars instruments and accessories. In simple words, a shop means livelihood.

As an audio equipment store owner, you know things better than anyone else does. And, like everyone else, the last thing you would want to think about is unforeseen situations like flooding, burglary, fire, catastrophic phenomena, and other accidents, interfering with the flow of your business. However, such misfortunes do strike, more often than we think.

Many audio-video equipment store owners are uncertain if or not their standard business or homeowner’s insurance covers their stores, musical instruments, and related accessories. And, in light of the uncertainties that can unfold at any point in time, getting standalone Audio Equipment Insurance makes a lot of sense.

Go for standalone not home alone!

Jokes apart...

Insurance policies are all about covering risks. And, insurance companies need to understand the risks a policy seeker is subject to in the first place. It's then only the service provider can come up with the right insurance solutions for that particular insurance holder.

Let's take an example.

A homeowner's insurance plan is designed to protect the risks a building face, provided it is being utilized as a home, not a commercial music studio or shop. Nevertheless, many home-studio or shop owners think that if a disaster strikes, their standard homeowner’s insurance will cover them. However, that might not be the scenario all the time.

With a plethora of insurance service providers showcasing a variety of products and services, it’s hard to say which plan includes and excludes what. However, getting standalone audio equipment insurance is always a good idea.

Ample availability of insurance options is like the two sides of a coin. On one front, you have so many to choose from, whereas, on the other, you end up in a dilemma. And, it's indeed taxing when you cannot decide on the most suitable option for you.

So, before you zero in on a musical equipment insurance policy, make sure to consider the following questions -

1. Does the policy you intend to choose cover flooding?

2. What if the inventory of your audio-video equipment is destroyed? Will your insurance provider compensates for the purchase price?

3. What if the instrument you shipped lately turned out to be damaged? Will your insurance provider compensate for the same?

4. What if your store is damaged in a catastrophic accident, say thunderstorms or lightning, leaving you to shut down your store for a month?

5. What if you are responsible for the accidental and unintentional damage to the building your store is located in?

6. What if a customer gets injured while touring your store?

Considering these questions at the time of policy purchase is important because you will never want to make a claim only to learn that your claim cannot be fulfilled. Besides the aspects associated with your retail business set, there are many other things to think about, like -

You need special coverage for the musical gears and accessories that you won but are not stored in your store because you give those on rent.

Plus, how can you forget about repairs and replacement? These can come very expensive. Therefore, having proper insurance coverage helps your savings protected, if you need to repair or replace instrument(s). However, if you choose a customer-friendly service provider, you are more likely to avail upfront services.

Choose a service provider that’s true to its claim

Choose a good Audio Equipment Insurance service provider that’s endorsed by the regional and national musician associations and is recognized by the leading music networks. Accreditations and endorsements say a lot about the reliability of a service provider.

Let No Threat Affect your Music with Instrument Coverage Insurance

Are you passionate about your art, which is music? Then there is no point in allowing any threat to stop, even for a while. Accidents do happen and they come without knowing the door. And the last thing you’d want is to stop the tunes that make your life. Not only it can be frustrating, but it can also be expensive too. Especially when it is an accident and you’re reasonably unprepared to afford the bulky price of repairs or replacements.

Getting your musical instruments secured with the best quality Music instrument coverage is, without any second thought, a very essential, least you don’t want to end up in a fuss with the damaged instrument. However, do note that, not a every insurance for musical instruments are worthy, and are crafted to meet the most demanding of the mishaps.

The most worthy insurance for musical instrument coverage would be the one that is holistically crafted in a way that meets the most distant occurrences possible, one that is worldwide, so that the place of the mishap doesn’t stand in between your ways to get the coverage among other factors.

Clarion coverage on musical instruments is created keeping in mind to provide the best possible insurance coverage to the clients who’re not only owners of musical instruments but also recording equipment. For over the last 25 years, Clarion Associates, Inc. has been providing undisputable support to the owners of the music industry with best instrument coverage. With their time and expertise in the market, you can only expect masterful support that you’ll have a hard time finding otherwise.

Why Clarion Coverage?

These are the major, among many other features why you should go for Clarion.

1.    Widely recognized by

You know when a product is safe to go with when there are the best names of the particular industry that recognizes the product. Clarion coverage of insurance for musical instruments is not only time tested but widely recognized. The Alexander String Quartet, Foghorn Classics, Target Markets, USC Thornton School of Music, Berkley College of Music, New England Conservatory and many others recognize the Clarion insurance for musical instrument coverage.

2.    All Risks? Covered

The instrument insurance covered all the types of damages and theft possible, except for the few excluded in the policy.

3.    Worldwide Service

No matter wherever on earth the instrument is located, their service will get it covered.

4.    Value Difference? Covered.

Clarion insurance does an amazing job in covering the value difference prior and posts any accident or mishap with the musical instrument. What does it mean? It means that they will cover the difference in the value of the instrument before and after the loss, alongside obviously covering the cost of repairs of the damage.

5.    Borrowed Instrument Insurance? Covered.

If you’ve borrowed any instrument, Clarion gives coverage of 30 days for free with your policy. To get that into effect you’ve got to notify the company within 48 hours of taking possession of the instrument. In the event of claiming, the company will pay the price equivalent to the highest value of your instrument in the policy or $50,000, whichever is less?

6.    Inflation Guard? Covered.

If your instrument in less than two years old, you will be eligible for this inflation guard coverage. For this, your instrument has to be newly manufactured and must fall in the time-frame stated.

These were the major features that make Clarion stand on the crown of many other insurance policies. It is superlative and future-proof to the most extent possible.

Guitar Insurance – Protect Your Strings in the Best Possible Way!

What if your vanity van catches fire or your guitar gets destroyed by flood or any other elements of nature? What if someone breaks in or torches your house or steals your precious guitar? Emergencies are always uninvited and unfortunate. And, only the right protection can shield your prized possessions and provide you with peace of mind. So, if you are a musician or play guitar as a hobby, Guitar insurance is a must-have for you. It’s the only way to protect your monetary investments in terms of your string instrument and relevant accessories and gear.

Isn’t your homeowners’ insurance plan enough?

There are a number of guitarists and other musicians who mistakenly think that their renter’s or homeowner’s insurance will get their guitar covered. They fail to understand that such insurance policies are designed to cover residential buildings in case of fire, flood, earthquake, and other related scenarios. To the utmost, a homeowner’s insurance plan will cover minor scratches, etc. However, what if your guitar has been stolen or gone completely beyond repair? These scenarios will not be covered under a homeowner’s insurance policy. For the complete protection of your gear, you’ll need to buy dedicated instrument insurance. In fact, a large number of professional musicians do prefer insuring their musical instruments and accessories under a separate insurance.

How can you get a suitable replacement for your prized guitar, if not the real one?

All insurance brokers or agents are not necessarily guitar players or musicians. Therefore, it’s hard for them to realize the actual worth of your guitar or the actual replacement cost. And, the majority of the homeowner’s plans have caps on the basis of category or item. For example – the price of your Les Paul is $ 10, 000 and it’s destroyed when your home was torched. And, you filed a claim with your homeowners’ insurance service provider. They can replace your vintage Les Paul with the latest one that costs much lesser than the one you had. However, if you had a dedicated Gibson Les Paul insurance, they would have recognized the actual worth of your guitar and would have helped you get the right replacement for it.

How can you get started?

After learning that as a musician, you are less likely to do without the right musical instrument insurance, you’re probably looking forward to getting started with it. However, before you start getting in touch with insurance providers, you should itemize a list of the instruments and accessories you want to insure. It will help both you and your insurance provider in the long run.

How about the cost of musical instrument insurance?

How much you have to shell out for getting your guitar covered? Are you wondering about the same? Well, the price of good guitar insurance can vary from one service provider to the other and on the extent of coverage you chose. Whatever it is, it will not burn holes in your pocket, provided you’re covered under a reliable and customer-oriented insurance service provider.

Dear reader, the music never dies, it’s eternal and heavenly. It can neither be stolen nor be destroyed. However, your instruments are susceptible to loss, theft, and all the elements of nature. Therefore, it is crucial to shield it against possible threats to it.