For a
musician and a music lover, musical instruments not just make a significant
part of their life, but their entire life. Yes, talk to an artist or any music
enthusiast, and you will understand the intensity of the bond he/she shares
with his/her instruments. And, if music or a given musical gear is a part of a
musician's family legacy, everything becomes even more precious. Moreover,
whether you love listening to music, collecting vintage musical instruments, or
playing various musical instruments, owning heritage pieces is a dream, and, at
times, you might feel that your collection is incomplete with one.
Do you own a heritage or vintage
musical instrument?
However,
having a heritage musical instrument means your responsibilities towards taking
care of it doubles. First of all, these pieces are pretty expensive. And,
secondly, these are limited edition units. Therefore, you should become extra
alert when you own heritage musical gears and get a Heritage Instrument Insurance plan from a reputable insurance
company.
Accidents happen by chance. No one
expects them to happen!
Even
if you treat your prized-possession as an extension to your body, you cannot
take it everywhere. So, having said that, suppose you left it in your car and
went to meet someone. After the meeting is over, you get back to your car only
to find out that your vintage piece is missing. OMG, someone broke into your
car and stole it.
Situations
like these are not new. Just lift a daily newspaper, and you can find many
headlines and stories talking about theft of musical instruments. Therefore, it
is wise to stay prepared in advance. Especially, considering the fortune you
have invested in buying a vintage music instrument, buying musical instrument
insurance is utterly imperative. The reason - Heritage Instrument Insurance, although it cannot stop the crime or
accident from happening, is capable
of saving from the financial disaster that is likely to follow after you have
been hit by a stroke of bad luck.
An insurance policy could be a world
to you after your gear!
When
you have the protection of a suitable music instrument cover, you can focus on
producing good music. You do not need to be in a panicky mode, whenever you go
out for a performance, what if someone lifts your instruments from backstage or
what if you accidentally damage it.
Homeowners’ or renters’ insurance
plans have some limitations
Most
music instrument owners are very less likely to even consider buying a separate
insurance policy for their musical gears and accessories. Such restraint is
because they are pretty much convinced that their homeowners’ or renters’
insurance plans are doing their jobs. But, if you also think alike, you need to
reconsider your ideas.
Yes,
homeowners’ or renters’ insurance plans do cover your belongings, which also
include your musical instruments. It is true, provided you have listed the same
at the time of taking the insurance or made sure to update your policy every
time to buy new gear.
Another
crucial thing to note, your homeowners’ or renters’ insurance policies have
certain limitations when it comes to musical instruments and other such goods.
Although
the extent of coverage, inclusions, and exclusions vary from one insurance
provider to the other, some aspects are more likely to be standard with almost
every type of homeowners’ or renters’ insurance plan. It includes - no cover of
breakage, no cover, if something happens to your vintage pieces outside the
insured property, no coverage if you have used or using your instruments commercially.
However, instrument-specific insurance plans cover almost every possible peril.
Also,
when you own an instrument-specific insurance policy, filing claims and getting
proper settlement becomes easy.
Instrument-specific policies rule
the roost!
So,
when you can leverage these many benefits from an insurance policy, don’t you
think that it is worth an investment?
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