FAQs While Picking Up the Best Guitar Insurance Policy

The moment you hold your guitar close to your body and move your fingers with pluck over the six strings, the feeling is one-of-its-kind. Isn't it? It shows how much you are in love with your strings gear.

Apart from the hefty fiscal value it has, it also shares an emotional attachment with you. So, have you ensured its protection from perils of all kinds by getting it a Guitar Insurance? Probably, you also know that when it comes to the complete safety and security of your musical instruments and related accessories, your home insurance might not be the correct choice.

In case you have decided to buy an instrument-specific insurance plan. However, if you have a series of questions in your mind, you have come to the right place. Here we have rounded up some of the most commonly asked questions about musical instrument insurance plans.

Regardless of which musical gear you own, play, teach, sell, or collect, these questions, along with their answers, will help you satiate your queries. So, what are you waiting for then? Let's begin with the Frequently Asked Questions!

How much can you expect from a dedicated musical instrument insurance plan?

Whether you own a bassoon or a guitar, a piano or a flute, or something else, your musical instrument-specific insurance plan covers almost all risks and compensates you for the same. For example - if your guitar is damaged in the event of a fire, flood, earthquake, water damage, theft, or robbery, and it needs a repair, you can depend on your insurance plan. Not only damage(s), but even if you lose your string or someone steals it, your insurance plan will also compensate either to get a replacement or a new one.

Will your musical instrument insurance plan cover damage/loss/theft that occurred during transportation?

If you purchase, say, Guitar Insurance from a leading insurance provider in your state, yes, you are most likely to get coverage for instruments damaged, lost, or stolen during transportation or shipping. Most musical instrument insurance providers make sure to cover your gears while they (gears) are on the go. However, it is always wise to learn all the terms and conditions before zeroing in on an insurance plan.

How much money do you need to shell out to buy a comprehensive insurance plan for your guitar?

As far as the cost of an insurance plan for your guitar or any other musical instrument is concerned, it depends on some related aspects. With most insurance providers, the list of factors includes the following:

●    What type of musical instrument do you have?
●    What is the value of your gear?
●    How much sum insured do you need?
●    How much deductible do you want?
●    What extent of cover do you intend to choose?

However, according to the industry standards, a musical gear insurance plan can cost you around a couple of dollars a month or hundreds of dollars a month. So, make sure to work with your insurance provider about all of these.

The all-risk cover is fine. However, will your insurance plan cover all-risk when it comes to a worldwide scenario?

This question is one question in a million. What if we say that the answer to this question is 'Yes'? Won't you believe it? Well, yes! A comprehensive and dedicated musical instrument insurance plan will cover all risks in and around your state, in fact, around the world.

These are some of the crucial and most frequently asked questions about musical gear insurance plans. Hopefully, now you have the answers to the questions perplexing your mind for a long time.