Why do you insure your car? Yes, car insurance is mandatory by law in almost all states of America. Besides this, what is the other reason? It is probably to protect your 4-wheeler and, of course, your savings from scenarios that could possibly go wrong. Right? The same reason people insure their homes and health.
Then why not corroborate this concept in the case of protecting musical instruments? At the end of the day, these are also valuable, both in terms of your bond with them and the investment. Isn't it?
What if your home insurance is your go-to choice?
A majority of people who own musical instruments are happy and satisfied with their home insurance cover. The reason - most of them have included their musical gear in their home belongings and think that they are safe.
Although home insurance policies offer some amount of protection to musical equipment, it is less likely to be adequate for them. Home insurance plans lag behind in many cases pertaining to musical instruments, such as cello, violin, clarinet, piccolo, and other strings, woodwinds, and keyboard. These include:
● If you take your cello outside your home, your home insurance plan will not be responsible for covering it if something happens to it. Even if your gear is damaged beyond repair or stolen from inside your home, your home insurance is most likely to compensate for a small portion of the replacement cost. However, it is not the case with a Cello Insurance plan, as it will cover you inside-out against all risks.
● No matter how much you spend on paying the premiums of your home insurance plan, it is the least likely to cover accidental damages. However, instrument-specific insurance plans do cover accidental damage. So, you can be at peace and focus on your music when you have the assurance of a dedicated musical instrument insurance plan.
● If you are involved in a case of public liability, and the third party files a lawsuit in your name while asking for medical bill compensation, your home insurance will not cover it. However, a standalone musical instrument insurance plan will act as a protective shield and take care of all the expenses.
● If you have to relocate to a new place or your upcoming gig is set to happen in another state or country, your home insurance will not play any role here. However, a comprehensive Cello Insurance plan will make sure that your gear and finances are safe even in a foreign land. A musical instrument insurance plan with a reliable insurance carrier will cover transportation damage and all relevant expenses.
● If your cello is lost or damaged while disrupting your life and livelihood, you cannot count on your home insurance plan. However, you can always depend on your musical instrument insurance plan because it covers loss of income. Now, what does it mean? It means that if you are unable to perform because you have lost or damaged your gear, your insurance policy will compensate you until you get your gear back or according to the terms and conditions of the plan you have.
Hopefully, now you might have understood the difference between a home insurance plan and a comprehensive and specialized musical instrument insurance plan. Due to all these reasons, musical instrument owners should not take any chances and get a separate plan for the gears.
What all does a musical instrument insurance plan not cover?
Starting from all types of risks, public liability, accidental damage, worldwide cover, to transportation damage, a dedicated insurance policy for musical gears covers almost every aspect related to musical instruments. Is there any scenario that it excludes from the coverage? Although the exclusions might vary from one service provider to the other, some standard and common exclusions include the following:
● Any kind of intentional damage to your cello
● Regular wear and tear that happens over time
However, in spite of knowing about these exclusions, every musical instrument owner should buy a dedicated cover because the inclusions outperform the exclusions. When it comes to buying a cello protection plan, the best place to go is the World Wide Web. Here you will find all crucial information about insurance companies and policies and choose one, as per your needs.
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