Did you keep your guitar unattended and never see it again? Did you drop your flute during a show? Or, is your piano destroyed in a heavy flood? With all such situations that can thwart your career in no time, keeping your musical instruments safe should be on the top of your priority list. It stands true for everyone, whether you are a part of an orchestra, a guitar player, a music studio owner, a singer, or a songwriter.
Some cases make you gawk in shock!
Apart from accidental damages and natural calamities, musical instrument theft causing significant losses is pretty prevalent these days. In the month of July 2016, Zolopht, a band identified by its psychedelic reggae-rock sound, fell prey to miscreants and lost more than $24,000 worth of musical instruments from a Houston-based hotel.
Another case similar to this again happened in Houston wherein a regional band from Mexico named Los Igualados had their $50,000 worth of instruments stolen.
Needless to mention, these crime-minded people have no interest in playing or learning the stolen gears or doing something creative with them. All they are looking for is quick money by hook or crook.
The prevalence of theft involving musical gears is on the rise!
If you keep your eye on the dailies or television screens, you will find that these (the two mentioned above) are not the only cases. Such incidents have become pretty common. And the real horror behind such situations is musicians losing their income and livelihoods. It is more pathetic than it sounds.
Therefore, to ensure complete protection of musical instruments, their owners are suggested to take our Music Gear Insurance from a reputed company. Specialized insurance policies are also called all-risks policies owing to the extent of coverage they offer.
Dedicated insurance plans and their benefits over other policies
Some of the key pointers that you should know about such dedicated insurance policies include the following:
● The advantages of musical gear protection plan far exceed home insurance policies. The latter only covers your gears inside your home, and if you have taken out an add-on off-premises plan, then inside a closed room apart from your home.
● Furthermore, home insurance policies offer a limited portion of the value of your musical gears. Therefore, expensive musical instruments are less likely to get sufficient protection. However, an all-encompassing and dedicated plan makes sure that all your music gears are sufficiently protected.
● Accidental damage to your instrument
● Loss or damage to your gear due to extortion, theft, or robbery
● Fraud
● Embezzlement
● Transportation damage
● Loss or damage due to natural calamities, such as flood, hailstorm, rain, to mention a few
● A typical home insurance policy only covers your musical instruments but not the accessories that come along, such as music stands, cases, mics, sheet music, among others. However, a comprehensive and specialized musical instrument insurance plan covers the accessories as well.
● Musical instrument insurance policies with customer-centric service providers also offer worldwide cover to gears and accessories.
So, don't you think taking out a dedicated plan is a win-win streak?
Is a musical instrument insurance plan necessary for all?
If an accident involving your musical instruments poses a threat to your livelihood, it is highly advisable to get a dedicated music instrument insurance plan. For example - you lost or damaged your gear and could not perform in a gig. So, it does affect your income. Having that said, if you have had a musical instrument policy, it will cover loss of income according to predefined terms.
However, if you can weather a loss or damage financially on your own, it all depends on you if you intend to buy a specialized plan or not.
Industry experts recommend taking out a dedicated plan to every musical instrument owner.
The bottom line
A specialized musical instrument insurance policy (unlike a regular home or renter’s insurance plan) offers complete protection to your musical instruments and paraphernalia. So, before a disaster involving your musical instruments leaves you in rough waters, make sure to get the assurance of an all-inclusive music gear protection plan.
No comments:
Post a Comment