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.