As a musician you may have heard
about the horror stories of someone’s instrument getting lost or damaged. These
aren’t a rarity but quite a common occurrence. So the option in front of you is
quite clear – bear the emotional and financial loss of a damaged or lost
instrument or buy an insurance plan that takes care of the financial losses
that are attached to it. But buying a Cello insurance or that for any other
instrument is easier said than done as you need to consider a number of things.
Here in this short write-up we take a look at some tips that will help you get
the best out of your insurance plan.
- Know Your Needs
Many musicians make the mistake of buying an insurance plan without actually considering their actual needs. The bottomline is that you need a plan that protects you against all the risks associated with your professional career. Whether it is Cello or Piccolo insurance the need of every musician is different. For instance, if you run a home music school your needs would be different from one who plays on stage and has to travel regularly. While you may need to focus on liability coverage, musicians who travel regularly are more at the risk of losing their instruments during transit.
Many musicians make the mistake of buying an insurance plan without actually considering their actual needs. The bottomline is that you need a plan that protects you against all the risks associated with your professional career. Whether it is Cello or Piccolo insurance the need of every musician is different. For instance, if you run a home music school your needs would be different from one who plays on stage and has to travel regularly. While you may need to focus on liability coverage, musicians who travel regularly are more at the risk of losing their instruments during transit.
- Find The Right Plan
Once you know your needs the next step is to find the right plan. While the basic coverage in terms of loss and damage to the instruments remain the same, you may be in need of specific risk coverage and must make sure your insurance plan addresses these.Read the fine lines of the insurance plan if you travel regularly and play outside your own state and even in different countries around the world. The coverage of some plans may be restricted to specific geographical area and before you buy a plan you need to know what it covers.
- Get It Appraised
If you own a vintage Cello or a Piccolo, you need to get it appraised while buying an insurance plan. No insurance company would insure your instrument unless it is appraised by a professional. The value of vintage instruments tends to vary and it all depends on a number of reasons including the demand for these and the condition of the economy. As a best practice get the instrument appraised every 3-5 years to make sure you are insuring it for the right value. Always retain the copy of the appraisal as this comes handy while making claims.
Once you know your needs the next step is to find the right plan. While the basic coverage in terms of loss and damage to the instruments remain the same, you may be in need of specific risk coverage and must make sure your insurance plan addresses these.Read the fine lines of the insurance plan if you travel regularly and play outside your own state and even in different countries around the world. The coverage of some plans may be restricted to specific geographical area and before you buy a plan you need to know what it covers.
- Get It Appraised
If you own a vintage Cello or a Piccolo, you need to get it appraised while buying an insurance plan. No insurance company would insure your instrument unless it is appraised by a professional. The value of vintage instruments tends to vary and it all depends on a number of reasons including the demand for these and the condition of the economy. As a best practice get the instrument appraised every 3-5 years to make sure you are insuring it for the right value. Always retain the copy of the appraisal as this comes handy while making claims.
All these things
will help you get the best out of your Cello insurance plan. With number of
companies offering these insurance plans you may often be perplexed with the
number of options you have. This calls for detailed research on the company’s
background and check out the reputation they enjoy among musicians. If you
still find it difficult you can seek the help of an insurance advisor who would
lead you to the right plan to cover your needs.
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