Musical Equipment Insurance - Standards Features and Plus Points

Owning a musical instrument is a responsibility in itself. Starting from simple to deep cleaning, regular maintenance, and repairs, as and when needed, you need to be very protective about your gears. All of these care and maintenance things are okay. However, what have you done for the complete protection of your instruments?

Here, complete protection means anything that ensures that your gears are safe and your finance is sound regardless of the adversity of any given situation, such as fire, flood, theft, vandalism, public liability, and other eventualities. And, as far as musical instruments are concerned, Musical Equipment Insurance gives the best protection to musical gears as well as your bank balance. 

So, have you been worried about the protection of your musical paraphernalia while on the go? Or, are you concerned about the loss or damage to your instrument? When you have a comprehensive music instrument protection plan in place, you are safe, either way, and in many other ways. Now, let us learn about the standard features of a standalone insurance plan for musical instruments that you can expect with a leading insurance provider in your state. Read on!

Standard features of a musical instrument insurance plan

Public liability cover

We all know how unpredictable life is. Right? You never know what will happen the very next moment. So, as a performing musician, you are pretty much prone to get affected by accidents involving third-parties. There can be situations when a spectator or someone from your crew may file lawsuits against you for an accident. You may also have to pay for their medical bills. Such incidences can swipe off your bank balance in the blink of an eye. Dedicated Musical Equipment Insurance will safeguard you against public liabilities.

Musical instrument cover

If you consider your home insurance for covering accidental damage to your musical instruments, you might be doing it wrong. Your home insurance policy is least likely to cover your musical equipment and instruments if you damage them in an accident. However, with a dedicated musical equipment protection plan, you will get full-risk coverage. It includes - theft, flood, vandalism, fire, other natural calamities. Moreover, our home insurance will not cover your gears outside your home. However, with a standalone policy, you are most likely to get worldwide cover. You may customize your policy according to your needs.

Loss of income

Did an accident, such as instrument theft or damage, leave you with no work? Such mishaps can be extremely painful and emotionally draining. However, with a standard musical instrument insurance plan, you do not have to pay out of pocket. Your policy will cover your loss of income too.

Accessories cover

Your home insurance plan is least likely to cover the accessories that come along with your musical instruments. However, musical accessories are valuable too. So, what can you do about it? The answer is quite simple - get a musical instrument protection plan. Yes, you read it right. A dedicated insurance plan does offer accessories cover. However, make sure to check with your insurance provider beforehand.
   
Equipment Hire

If you filed a claim and want your insurance company to cover your rental equipment, you can always expect the same from a reliable insurance service provider. As the extent of cover might vary from one service provider to the other, you should make sure to inquire about the same before taking out a policy.

So, these are some of the plus points of a dedicated musical insurance policy that you are less likely to get otherwise. Dear reader! Always remember, emergencies drop from out of the blue. Staying prepared is the key.

Key Benefits You Get with A Comprehensive Musical Instrument Coverage Plan

What if someone tells you that with just a piece of paper you can cover your musical instruments and accessories comprehensively? Can you guess which paper is being talked about here? No, it is not your home insurance or renter's insurance plan. You can’t even think about comprehensive coverage with your home or renter’s plan. So, it is a standalone musical instrument insurance plan that is being talked about.

Yes, with a dedicated policy your musical gears and your finances are absolutely safe and secure from the mars of the unforeseen and unwanted situations.

However, to make sure that you get the most of your musical Instrument Coverage plan, you have to choose the right service provider. If you make a random pick from the companies operating in your state, you might make the wrong choice. So, research because until you do that you will not be able to recognize the reliability and credibility of the insurance providers.

Key benefits of musical instrument insurance plan

In the meantime, let us find out the key benefits you are likely to avail with a standard musical instrument insurance plan with a good insurer.

All Risk Covers

Does all risk mean all possible risks that you may come across concerning your musical instruments? Many people wonder and ask this question. Well, when you have a trustworthy insurance provider by your side, yes, you will get all-risk coverage. All-risk includes every possible damage, loss, or theft. In case you want to know more about the exclusions, you can get in touch with your service provider. However, all possible accidental damages are covered.

Worldwide Cover

No matter where in the world your musical instruments or related accessories are located, an all-encompassing instrument insurance policy will cover them all. And the thing with a home insurance plan is the moment you step out of the house with your gear and something happens to it outside, you will not get any coverage.

Valued At option

The meaning of Valued At is - your insurance provider accepts to cover your musical gears and equipment for the value mentioned in the list of insured instruments. So, the amount you will collect the amount in cases of a settlement claim will be the amount your gear is insured for.

According to industry experts, Valued At is a much better option in comparison to the cost of replacement. The reason - Valued At is predetermined. So you know how much you are going to get from your insurance company against an insurance claim. And, there are no negotiations. It saves a lot of time and hassle.

Difference in Value

With a reliable insurance provider, you are likely to get the difference in value. What is it? This clause makes sure that you not only get the cost of repairing your damaged gear, but also the difference in the value of your musical gear before and after the loss.

Right to Repurchase

Suppose your string, woodwind, or any other type of musical instrument gets damaged, misplaced, lost, or stolen, and you have already received the amount of claim settlement. What if the lost/damaged/ stolen instrument is recovered after all of these? The right to repurchase allows you to repurchase the gear for the same sum that you have received as the claim settlement.

Business Interruption Coverage

What if your gear is lost or stolen and you are not able to perform? How will your insurance plan come in handy here? The business interruption cover with a reliable insurance provider will provide you with a reimbursement if you suffer income loss due to a covered accident.

So, with all these crucial coverage options in place, a musical Instrument Coverage is worth going for.

How Does Investing in Brass Instrument Insurance Safeguard You?

What is the most precious thing for musicians? Any guesses! Well, yes, you guessed it right. The most precious thing for musicians is their musical instrument(s). They pamper their gears as the extension of their body and loved ones. If you are a professional musician or an aspiring one, you already know the value of musical instruments and the related paraphernalia. So, you do every possible thing to ensure that your gears are safe and secure. Right? Cleaning, maintenance, repairing, and all things needed. However, here is a crucial question for you?

Why is investing in dedicated insurance worth it?

Have you got the Brass Instrument Insurance for your brass musical gears yet? Brass instruments are delicate and quite expensive. Therefore, these need proper protection plans. Most musical instrument owners, when talked about musical instrument insurance plans, think it is not worth it. The reason behind such a perception is that they believe that their home insurance would be enough, and buying a separate policy would be a wastage of money. Do you also think alike? If so, then this piece of content will help you understand the importance of having an instrument-specific insurance plan and why investing in it safeguards you.

Ship your instruments without worrying

Are you planning to ship your brass instrument to an overseas country for a show? Allowing other people to handle your valuable musical instrument is indeed a nerve-wracking experience. With your gears covered under your home insurance, your worries could become nightmares because shipping is least likely to be covered under it. However, if you have a standalone insurance plan for your musical gears, you can take a sigh of relief.

Protect your income

Even if your instrument is lost, damaged, or stolen during transit, your all-risk cover insurance plan will come to your rescue. This type of coverage, you are not likely to get with your home insurance.

Here is an example to help you understand it well:

Suppose you are out for a concert. And accidentally, your brass instrument is damaged, followed by the cancellation of your show. A canceled concert also means a loss of income. Unfortunately, your home insurance cover will not provide for business interruption due to unforeseen perils. However, your Brass Instrument Insurance will.

Stay away from a legal mess followed by a public liability

Public liability can happen anytime, anywhere, especially with your profession where you are mostly surrounded by too many people. Your home insurance plan will be of no use in case of public liability. So, the medical bills or maybe the legal fees, everything, you will have to bear on your own. However, when it comes to a musical instrument insurance plan, it covers third-party liability and allows you to safeguard your finances.

So, with all of these benefits in place, don’t you think investing in dedicated musical instrument insurance is one of the best things you can do for your beloved brass instrument? However, before you buy any policy make sure to choose a good and trustworthy insurance provider.

What makes an insurance provider worth choosing?

As there are many insurance providers in your region, how will you make sure that the one you intend to choose is the right choice? Well, this is one of the most common questions people ask. Here are some of the quality parameters given below. Make sure to check these out before selecting an insurance company:

●    License
●    Memberships with relevant bodies
●    Certifications
●    Important credentials
●    Positive customer testimonials

These points are the benchmarks of reliability, credibility, and quality. When an insurance provider has got all of these, you can trust their dedication towards their customers.

Why Violin Insurance is Important for Musicians?

Let’s ask you a question without any introduction. Are you a violinist? If yes, what if your precious string instrument gets damaged, stolen, or torched in an accident? Are you trying to recall whether you have included your musical instruments under your home insurance or not? Well, even if you have, then also the chances of getting comprehensive coverage are very thin. Therefore, without wasting your valuable time, make sure to get a dedicated Violin Insurance right away!

Financial protection means a lot

You might be wondering; can a dedicated musical instrument policy replace your beloved string? No, neither can it replace nor can it prevent a mishap involving your musical gears. However, it can ensure that at least your finances are secure so that you can get another instrument. Initially, you might feel that if or not it is worth going for a dedicated musical instrument insurance plan. However, once you have it, you will feel at peace for sure.

Don’t stay half-covered! Buy a dedicated plan

Some people happen to secure their musical gears through the home or renter's insurance plan. However, it might not turn out to be what you are looking for. For example - if music makes a significant part of your livelihood, whether you are a musician or a music teacher, you might come across situations that your home insurance might not cover. Therefore, a designated Violin Insurance is a must-have for all musicians, no matter a blockbuster band or a group of beginners.

Musicians should get a dedicated musical instrument plan. Why?

Musical instrument insurance for all


An all-encompassing insurance plan offers a wide range of coverage options to musicians, music teachers, music shop owners, as well as collectors. These insurance options help safeguard and minimize the risks of owning valuable musical gears. Right from loss or damage due to fire to violin repair, a good insurance policy covers it all. Moreover, whether you are a noted musician or just a hobbyist, a suitable musical instrument plan does not differentiate and provide equal coverage.

Safeguard your livelihood

If you have insured your violin for its value in total, you can make sure that it remains safe and you never have to miss your concert due to the unavailability of your gear. Also, unlike your home or renter's insurance plan, your musical instrument insurance plan will cover your gears along with the accessories.

Worldwide insurance protection

Although you would not even want to imagine this situation, such mishaps do take place. Confused. Right? Suppose you are on a musical tour for which you have to travel to different places and countries. God forbids, but what if you find that your gear has gone missing on completely foreign land? Or, what if you have accidentally damaged it beyond repair? Unlike your home insurance plan, an instrument-specific policy offers worldwide-all-risks cover.

No more public-liability-related worries

You never know how financially draining a lawsuit can get until you experience it. Having said that, in your profession, a minor case of public liability can end you up in major legal issues making you shell out fortunes. However, when you have a dedicated musical instrument insurance plan, you do not have to worry about all of these, as your policy will have your back covered.

Complete protection under one roof

Now that you know the importance of a musical instrument insurance plan for a musician, it is time to choose a good insurance company and buy a policy. With a reliable service provider, you will get complete support right from choosing a policy to claim settlement, as and when needed.