Know Why Music Gear Insurance is Imperative for All Musicians

When you are very much attached to something, like from the moon and back, you go extra miles to make sure that it stays safe no matter whatever emergencies the future throws. Right? The same thing applies to musicians. Regardless of the musical gears, they play, they'd always want the instruments to stay protected. So, they do whatever is necessary, like cleaning, repairing, and maintaining the gears.

Although gear maintenance and repair ensures a long life of the instruments, it's unlikely to guarantee that the musical gears will never undergo any damage or miscreants will never steal those. Isn't it? Having said that, you need all-round protection for your music gear. And, what other than Music Gear Insurance can come in handy if something unwanted happens to your things?

What is a musical gear insurance policy? Well, many artists are still unaware of the pros of specialized musical instruments. A majority of them believe that standalone gear insurance policies will cost a fortune, some don't have any idea about the same, and some are happy with their standard homeowners' insurance plan because they think it would be enough.

Some pointers to remember!

Some notes to remember for every person who owns a musical instrument -

● First of all, even if your homeowners' covers your musical instruments, the extent of coverage is most likely to be limited. For example - your homeowners' plan will include your gears in events of loss, damage, or theft inside the premises of your home. However, it is very less likely to cover the same if something happens out of the premises. Probably, you've got the point.

● Secondly, your homeowners' or renters' policy is less likely to offer a comprehensive cover even if something happens to your insurance inside the house. All it is likely to cover is a part of the cost of the instrument, not the entire paraphernalia. However, standalone musical instrument policies ensure complete coverage.

● Thirdly, some venues look for musical instrument insurance as one of the main criteria to allow musicians and bands to play in there. So, for performing artists, insurance is crucial.

So, these are some of the primary reasons that advocate having Music Gear Insurance policy is necessary for musicians.

How much does musical instrument insurance cost?

The cost of standalone music gear policies varies depending on various factors. It includes - makes and model of the instrument and the age and quality of the same. When dealing with a reputable insurance company, you need not worry about the cost calculation, as your service provider will help you with that. All you need to do is provide them with an itemized list of gears you want to insure.

Once your insurance provider has this list, they’ll work on it and prepare an estimate for you. One important point to note here is - you should always try to get estimated quotes from more than one service provider. This will help you compare the policies and let you choose the one that’s best for you.

Confirm this beforehand!

Do you have to buy a separate insurance plan every time you buy a new musical instrument? Or, do insurance companies have any provision to add the new ones in the same insurance plan? These are some of the most commonly asked questions about musical instrument insurance policies.

And, the answer is - whether you require a new plan for covering new musical instruments or can include those in the same policy depends on your insurance provider. However, a customer-friendly insurance company is more likely to allow its customers to personalize their insurance policies, as and when needed. So, this fact should be checked beforehand.

These are some of the most primary yet crucial things you need to know about musical instrument insurance. So now that you are pretty much aware of it, it's time to get in touch with a leading service provider and play your gear with peace of mind.

Get Sufficient Violin Insurance Cover and Play your Heart Out!

You love playing the violin, and all your musical instruments and accessories are valuable to you. You have also secured a great place in the good books of your audiences. You often travel to places to take part in various musical concerts. People know you as a noted violinist, and you're happy with what you're doing in life. However, a little stroke of bad luck can turn your world upside down. And, the most unfortunate thing that can happen to a musician is the loss, damage, or theft of his/her musical instrument.

Apart from a musician, these unfortunate accidents can create the same amount of mess for a music tutor or maybe a music instrument shop owner. So, whether you play the violin, teach it, or own a curated musical instruments store, you need to make sure that your gears are safe from the untimed mars of misfortune.

So, how can you do that in advance? As emergencies don’t inform you before coming, what you can do is preplan and get specified Violin Insurance from a reputed insurance company.

Peace of mind is a must - Insure your gears!

When your mind is at peace, you can churn out beautiful things. And, when you are a musician who connects to a large number of people through music, peace of mind is of utmost importance. Isn’t it? When you are touring, rehearsing, or going live for your audience, you should be tension-free.

You should be only focusing on your music and giving the best performance. In such situations, if you’re continuously worried about the safety and security of your musical instruments, giving your 100 percent can become a tough challenge for you. Therefore, it is highly recommended to insure your musical gears and safeguard them from events of theft, loss, or damage.

Handle public liabilities like a pro

You could land up in a legal mess if someone in your classroom, shop, or concert gets injured. Such scenarios are known as public liabilities. The person who is injured or whose property has suffered damage or loss due to you and your musical instrument can file a lawsuit against you or ask for paying for the loss in the form of monetary compensation, like medical bills and other expenses. And, needless to mention, you would not like to break your bank for paying out for the lawsuits and medical bills, right? Therefore, get an insurance policy and stay safe from the legal perils.

Having homeowners’ cover is less likely to work!

You are not much worried about the safety of your violin because your homeowner’s policy covers all your belongings, including your instruments. Right? Don’t forget, even if your homeowners’ insurance policy covers your musical gears, the extent of coverage is more likely to be limited. For example - if your home catches fire and your violin and other gears get damaged, your homeowner's insurance is likely to cover those it with some caps. However, if something happens to it outside, you are very unlikely to get a cover for your violin. So, it's wise to get an all-round cover specially designed for musicians and musical instruments.

Musical instrument insurance makes an ideal criterion to perform!

There are many concert halls and auditoriums that will not let you perform if you don’t have sufficient insurance cover for your instruments, especially the public liability cover. Most importantly, all renowned musicians highly recommend everyone related to the music industry to get sufficient insurance cover for their musical instruments because it's worth it.

Get your cover now!

Hopefully, now you have got some good reasons to buy a dedicated insurance policy for your musical instruments. However, before you choose a Violin Insurance policy and a service provider, jot down your specific needs from a policy, compare multiple policies, do some brainstorming and research about the insurance service providers’ reputability and credibility, and then decide on a plan and insurance agency.

Why Insurance for Gibson Les Paul Guitar is an Utter Necessity?

Insurance is vital for any instrument and when you own an instrument, it is your responsibility to take good care of your instrument as protecting your investment is highly required. When you own a guitar, it is imperative that you choose guitar insurance from the house of the reputed insurance company. When it comes to choosing guitar insurance, you can give it a thought about Gibson Les Paul guitar insurance. But before you jump on to make the investment in insurance for your guitar, there are few things that must be taken into consideration.

Most of the house owners' insurance covers guitars of a certain amount. They insure the guitar against theft as well as from accidents.  When you insure your guitar, you can have complete peace of mind that your investment is secured. Suppose, you are traveling or at home and due to an unfortunate event your guitar is damaged, your insurance provider will cover you and you do not have to bear the huge cost for replacing it or repairing it.

Know your policy thoroughly

If you want to cover your guitar under the homeowners' insurance, you must understand a few things. Firstly, homeowners' insurance only covers the guitar when it is at home.  It means a gigging guitarist is not assured when the guitar gets stolen from a show as it is not in the house. If you travel frequently for shows and guitar gets damaged somehow, you have to prove before the insurance provider that the accident occurred in your home. These involve lots of hassles.

So, before you choose Gibson Les paul guitar insurance, you must know the policies well and then choose the policy that suits your need and you find is appropriate for you. Policies that cover guitar vary in cost but there are insurance providers who might offer you a discount when you decide to insure your guitar for a year. While this option has been found to be very beneficial for many and some may think about it.

If you sell your guitar and buy a new one frequently or trading it off, then you will find it difficult to cancel the insurance on the guitar which is done and it is just not possible to transfer the policy to a new instrument.

Do self-evaluation

As the guitar is one of your precious items and has become a part and parcel of your life, you need to know about its characteristics before you proceed to invest in an insurance plan. You might reevaluate your decision pertinent to insurance if you are a reckless individual but if you are a mature person, then the insurance will be of great help and you will go for it without thinking twice.

Money plays a pivotal role when it comes to buying any product or availing any services and certainly not an exception to guitar insurance.  Insurance is indeed a big thing for any instrument and before choosing a plan, the foremost thing that you need to do is to assess the value of your instrument as well as the rarity along with the financial condition before making any strident decision.

Conclusion

Stop brooding over the matter as to whether to choose the insurance for your guitar and go for it after doing a comprehensive survey. Make sure that your chosen insurance provider has years of experience in offering policies for instrument and is available 24*7 for the service of the clientele. Ask for a free quote from some of the insurance companies and then put the next step ahead. The insurance provider is only a call or a click away.

Things to Know About Insurance That Gives Instrument Coverage

Musical instruments that are crafted delicately cost a huge sum of money. Just like plush cars and expensive jewelry can be insured likewise musical instruments can also be insured.  When you opt for insurance for your musical instrument, it comes under the instrument coverage policy if your instrument gets stolen or gets damaged from any kind of accident. It is indeed a rational idea to insure musical instruments as it will give monetary support to replace the instrument. Insurance in fact gives coverage more than only covering the instrument; it gives coverage to accessories, the case and to the sheet music.

Do a comprehensive research

Getting a completely separate musical instrument coverage policy to get covered is not necessary. You can insure your musical instruments under renters or homeowners' insurance. But it is imperative to find out the coverage details before you jump on to pay for the policy. These types of policies have some limit for total property damage of home and might have a limit for every item. The coverage for every item might be lower than the cost of the musical instrument that you own.  Additionally, the renter’s or homeowner’s policy only covers fire damaged and theft not flood. There is another option for increasing the protection for a musical instrument under the home insurance is by getting a rider, through endorsement, scheduled or floater personal property. 

Things to consider

There are certain things that must be taken into consideration when it comes to deciding between musical instrument insurance through specialized policy or homeowner’s policy. Let’s take a look at the following:

a.    Location

If any damage or loss of your instrument occurs outside the home suppose you are traveling to another country or state for performance, you need the assurance from your chosen insurance company whether it is covered or not. Insurance policies for musical instruments vary on how the companies handle.

b.    Value

How much does your instrument cost? Some insurance companies offer maximum insured amount for every instrument which might narrow down the coverage options. Also, a specialized or a commercial musical instrument insurance plan will offer numerous ways to value your instrument based on whether you want your insurance provider to pay you for the claim based on the value of the instrument during the time of loss or the replacement value during the time of loss.  A homeowner’s policy might handle this in a different way than a specialized policy.

Musical instruments that are crafted delicately cost a huge sum of money. Just like plush cars and expensive jewelry can be insured likewise musical instruments can also be insured.  When you opt for insurance for your musical instrument, it comes under the instrument coverage policy if your instrument gets stolen or gets damaged from any kind of accident. It is indeed a rational idea to insure musical instruments as it will give monetary support to replace the instrument. Insurance in fact gives coverage more than only covering the instrument; it gives coverage to accessories, the case and to the sheet music.

Do a comprehensive research

Getting a completely separate musical instrument coverage policy to get covered is not necessary. You can insure your musical instruments under renters or homeowners' insurance. But it is imperative to find out the coverage details before you jump on to pay for the policy. These types of policies have some limit for total property damage of home and might have a limit for every item. The coverage for every item might be lower than the cost of the musical instrument that you own.  Additionally, the renter’s or homeowner’s policy only covers fire damaged and theft not flood. There is another option for increasing the protection for a musical instrument under the home insurance is by getting a rider, through endorsement, scheduled or floater personal property.

Things to consider

There are certain things that must be taken into consideration when it comes to deciding between musical instrument insurance through specialized policy or homeowner’s policy. Let’s take a look at the following:

a.    Location

If any damage or loss of your instrument occurs outside the home suppose you are traveling to another country or state for performance, you need the assurance from your chosen insurance company whether it is covered or not. Insurance policies for musical instruments vary on how the companies handle.

b.    Value

How much does your instrument cost? Some insurance companies offer maximum insured amount for every instrument which might narrow down the coverage options. Also, a specialized or a commercial musical instrument insurance plan will offer numerous ways to value your instrument based on whether you want your insurance provider to pay you for the claim based on the value of the instrument during the time of loss or the replacement value during the time of loss.  A homeowner’s policy might handle this in a different way than a specialized policy.

c.    Right company

There are some insurance companies that specialize in certain instruments. If your instrument is a highly valued or a rare piece, consider choosing an insurance provider who knows your instrument very well. Claim adjusters will understand your instrument better if there is any claim.

Added coverages

There are some coverage clauses in commercial insurance policies that might not be available in homeowner’s policy. These are designed for professional musicians who use their instruments for the purpose of earning. The coverage might include business interruption and coverage for borrowed instruments as well as rental reimbursement if the instrument of the insured gets damaged.

When you have an instrument that is rare, high-valued and of impeccable quality, make sure to talk to your insurance agent about the options available for insuring the instrument.

The bottom line

Having insurance for a musical instrument is indeed a judicious decision and must not be neglected at any cost. When you own a precious musical instrument, it is your utmost duty to opt for insurance to avert any unfortunate incident. So before your insure instrument, feel free to ask for a free quote from your chosen insurance provider.

There are some insurance companies that specialize in certain instruments. If your instrument is a highly valued or a rare piece, consider choosing an insurance provider who knows your instrument very well. Claim adjusters will understand your instrument better if there is any claim.

Added coverages

There are some coverage clauses in commercial insurance policies that might not be available in homeowner’s policy. These are designed for professional musicians who use their instruments for the purpose of earning. The coverage might include business interruption and coverage for borrowed instruments as well as rental reimbursement if the instrument of the insured gets damaged.

When you have an instrument that is rare, high-valued and of impeccable quality, make sure to talk to your insurance agent about the options available for insuring the instrument.

The bottom line

Having insurance for a musical instrument is indeed a judicious decision and must not be neglected at any cost. When you own a precious musical instrument, it is your utmost duty to opt for insurance to avert any unfortunate incident. So before your insure instrument, feel free to ask for a free quote from your chosen insurance provider.