After a lot of brainstorming and seeking word-of-mouth from experts, you have finally decided to buy a cello. Wow! Buying your first ever musical instrument is a one-of-its-kind experience. And, when it comes to getting a brand-new cello, the blue-eyed boy of the violin family, the feeling is more than amazing.
However, with the excitement of buying a new string instrument comes more responsibilities. The responsibility is to protect your gear and keep it safe from all kinds of perils because emergencies are almost always uninvited.
Some real-life what-if scenarios!
What if you lose your wonderful cello due to an event of a fire? What if your cello is stolen when you went to the washroom and kept it unattended? What if your string is damaged beyond repair during transportation?
Such unfortunate incidents not only cost hundreds and thousands of dollars but also leave you heartbroken. Isn't it? Therefore, it is highly advisable to buy a comprehensive Cello Insurance plan when buying the gear itself. So how can you buy an all-encompassing musical instrument insurance plan for your cello? Read on!
Make sure to get your cello appraised!
As a responsible musical instrument owner, you need to go the extra mile to get an appropriate insurance plan for your gear. And to find the right product that offers sufficient coverage, make sure to appraise your musical instrument in the first place.
Although you will find many appraisers in your state, it would be wise to choose a qualified and experienced professional. If your cello is new and you have got all the relevant documents like bills and receipts handy, you can obtain an estimate against your receipt. Ask for an appraisal from the shop from where you have purchased your cello. It will help you save the extra charges of hiring an appraiser on your own.
Do not overlook devaluation.
Devaluation is another crucial aspect you should consider when buying a Cello Insurance plan. The condition of your musical instrument will decide its value in the market. Did you know even a minor crack on your gear can reduce its overall value?
In case the head of your cello's bow is damaged, it might reduce the value of your musical instruments by around 80%. Yes, you heard it right. Therefore, it is advisable to get done with all the major repairs related to your cello before taking it for appraisal.
Understand the risks associated with your profession.
Do you know the easiest way to protect your cello? Any guesses? You can insure your cello under your home insurance policy. It might increase the amount of your monthly premium, but you will at least get some peace of mind. However, there is a catch here. Your home insurance will cover your gear if something happens to it inside your home. Any damage or loss outside the property will not be entertained by your home insurance.
And, if you are a professional musician, it is better to get a separate cover to protect your cello. Moreover, buying a dedicated musical instrument insurance policy is a good idea if the cost of your gear is more than $5,000. The best part - dedicated insurance plans for musical instruments are more likely to cover your entire musical paraphernalia, including sheet music, unlike your home insurance policy.
Do consider deductibles and premiums.
Deductibles and premiums are also two of the most critical aspects to consider when buying a musical instrument insurance policy. Many insurance companies are likely to ask for a minimum amount on a yearly premium without any deductible. However, all of these depend on the extent and nature of insurance protection you intend to purchase.
Doing proper homework is imperative.
If you are a beginner, you can go for a low-cost musical instrument insurance plan to cover your cello. However, if you are a professional and your livelihood depends on the music, make sure to buy a comprehensive insurance policy. As there are a number of insurance companies in and around your state, finding one can be a little daunting. However, if you have the right resources and if you have done the required amount of research, you can surely find a suitable insurance policy for your cello. An important tip for you: no two policies are the same. So, you need to buy a plan that meets your insurance needs.
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