Finely crafted musical instruments and related
accessories are usually high-priced. And like any other object or gadget, these
are also susceptible to damage, theft, loss, and similar undesired scenarios.
And it goes without saying that repairing or getting a new one can be very
heavy on your pocket. So, what can you do about it?
Dear reader, if you play musical instruments, own or
sell them, repair or manufacture them, teach students or collect valuable
pieces, then having a dedicated music instrument insurance plan is crucial for
you. Insurance musical instruments
need surpasses the benefits that any other insurance plan, say home insurance
or renter's insurance, can offer, hence a standalone policy.
What is all about musical
instrument insurance?
As the name suggests, it is an insurance plan especially
designed for different types of musical instruments. It protects an insured
gear against various kinds of unforeseen situations that might leave your
musical instruments broken, lost, or stolen. Well, although a policy cannot
deter an accident, it can cover you against the loss you have suffered due to a
damaged or stolen gear. So, if something unwanted happens concerning your
musical instruments, your insurance service provider will take care of all the expenses.
You will not have to pay a single penny.
Can anybody get musical instrument
insurance?
Yes, anybody who owns musical gear can buy an insurance
plan. However, based on your professional standing, the cost of your musical
instruments, and other relevant factors, the extent of coverage might vary. For
example, if you are a pro or your musical instruments make a vital share of
your livelihood, you should not say no to an insurance plan. Insurance musical instruments may need also depend on other factors, such as, how
often do you travel with your gears, and how often do you play live with lots
of people around.
Also, if you are a collector who curates expensive and
rare pieces, then also you should not ignore getting an insurance plan. Vintage
musical instruments are irreplaceable. So, if you own them, you need to ensure
their protection too.
What issues does insurance for
musical instruments cover?
Although it is likely to vary from one service provider
to the other, the standards issues that most insurance companies cover are
likely to include the following:
●
Fire
●
Theft
●
Vandalism
●
Damage due to temperature change and humidity
●
Earthquakes
●
Flood
●
Heavy rainfall
●
Hailstorms
●
Tornados
●
Damage or loss during shipping
●
Defect in workmanship
●
Repairs
●
Accidental damages
●
Public liability
●
Loss of income
Make sure to inquire about all of these from your
insurance provider before buying a policy.
Is there something a musical
instrument insurance plan does not cover?
When there are advantages, there might be some downsides
as well. So, yes, there are certain scenarios that no insurance provider will
cover, no matter how much money you are willing to shell out. Such scenarios
include:
●
If you hardly play your instrument or if it is not much
expensive, then spending on dedicated musical instrument insurance does not
make too much sense. Then you can include it under your home insurance.
●
If your musical instrument shows clear signs of negligence and
carelessness from your end, then also you are less likely to get coverage.
●
A musical instrument plan is less likely to cover the damages
caused by regular wear and tear.
●
Also, if your gear is seized by any government authority, then
also a standalone plan will not extend insurance protection to your gear.
These are some of the most important things you should
know about musical insurance policies. Hopefully, these will help you find the
most appropriate plan for your gears.
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