Fiddle Instrument Insurance – Ways It Can Protect You Financially

Is a fiddle your dream musical instrument? Fiddle, a colloquial term for the violin, could be an expensive buy, especially if you are eyeing for a vintage piece. Moreover, the strings and bows of this string instrument do incur additional expenses as well as maintenance. Therefore, investing in an appropriate Fiddle Insurance is crucial, both for the safety of your finances and the instrument. 

Do you know your options yet?

So, what kind of insurance policy should you goes for - rider on your homeowner's or renters' insurance plan or dedicated insurance policy for your strings? Let's explore the options!

When we say homeowner's or renters' insurance plans, it considers your musical instrument as some of the belongings that you intend to cover under the insurance. Although such insurance policies are likely to protect your string insurance in cases of theft, fire, and similar situations, accidental breakages during transit, during a show anywhere outside the premises of the insured property, are very unlikely to come under the protection cover. 

Complete coverage, complete peace of mind!

Not only protection against accidental damages, but homeowner's or renters' insurance plans are very less likely to cover any replacement instruments. Therefore, whether you are a hobbyist or a professional, whether you have purchased a violin or rented it, it is crucial to get a dedicated or standalone insurance policy for your instrument. Always remember, specialized insurance will provide you with more options and optimum cover.

Get the best protection for your fiddle!

When it comes to mentioning optimum cover, what do dedicated music instrument insurance policies cover? Unlike blanket insurance policies like homeowner's or renters' insurance, standalone insurance plans for string instruments cover the following - 

● Musical instruments/paraphernalia lost/damaged due to an accident

● Damages caused by flood, rain, earthquake, fire, and other similar situations

● Mishaps that happen while your instrument is in transit or while you are performing on-state or during rehearsals

● Insured value at the time of claim settlement (you will get the insured value of your musical instrument if you happen to file a claim)

● Cost of replacement so that you can perform and do not miss out the chance to give your best because your gear is damaged or loss

● Coverage not only for the main instrument but also for the accessories, including bow, sheet music, music stands, etc

The right service provider for better services and assistance

So, these are the coverage options you have for your fiddle and other accessories when you have the protection of dedicated Fiddle Insurance. And now that you know the importance of having a dedicated plan for your musical gear, let’s find out how to choose the right insurance provider. Remember, until and unless, the insurance service provider you choose is good and reliable, there is no point in insuring your musical instruments with them. Isn't it?

Here is how you can find the most suitable option for you - 

● Make sure to consider multiple options because it makes comparison easy.

● You can by visiting their websites and looking for the plans and services they offer.

● You might be eager to know how do such insurance plans work and protect you if something bad happens, right? A reputable service provider can help you in this regard by explaining how their plans can protect you. 

● As far as the pricing and the other costs related to an insurance policy is concerned, customer-friendly insurance companies are pretty upfront with the same. And, it is one of the benchmarks of reliability.

● Moreover, always check if or not the service provider you intend to choose is licensed and holds all the relevant certifications and accreditations from the associated bodies.

Just keeping the simple tips in mind can help you choose the right insurance policy as well as an insurance service provider.

Key Points to Keep in Mind When Opting for Event Liability Insurance

How easy or tough would you describe your life as a musician? Starting from composing the perfect music that your band can perform to organizing the best event, you need to be a part of everything. It is not enough to know how to play good music, you should be able to know how to brand yourself, and get the desired audience on-board.

Events are one of the most important parts of a musician's life, and to make the most of it, you need to stay prepared in every way for the musical events. Apart from composing the best music to delivering excellent performance, you should be ready with event liability insurance that can safeguard you against all possible problems.

Buying the right insurance requires a lot of thought, and cannot be done overnight. You need to understand what all you require, and the amount you are ready to pay for the insurance cover before you plunge into the decision. Answering the following questions can possibly help you decide on the insurance cover.

Why you need insurance?
This is the first question that you need to ask before you go any further. It is no joke, investing in the insurance premium, so you need to reason on why you need the insurance in the first place.

The events can end up in being a mess, and you would have to pay heavily for that. Suppose the flooring is damaged while the performance is on or, an artist needs medical attention- the bills will be automatically turned to you. Liability damage can cost you a visit to the court, and heavy compensation. Insurance can negate both, as you will have the money to pay up, and other damages are also sorted with the liability insurance. Even the lawyer's fees are included in this insurance cover. So, now you know why you need to be insured for the event. If you are a band, you may get all members covered in a single insurance, and you can get infinite shows covered in a single premium.

What insurance should you opt for?
Depending on your need, you should select insurance cover that best suits you. If you want to insure your musical instrument, then the cover you would select would differ from the one you would need if you need to insure your event or, your studio. The idea here is whether you need a specific musical instrument or, you need liability insurance. For bands performing abroad, they need liability insurance that covers the event as well as the musical instruments they are carrying.

How should you choose insurance provider?
When you are choosing event liability insurance provider, you should check for their financial stability and their credibility in the market. Check if they offer insurance solutions that can help meet your immediate and long-time needs. You should also check the premium they charge, and the period they specify in the insurance cover.

Experience matters when choosing the insurance provider. You cannot buy insurance from someone who is not that experience; you will need someone who knows the music market, and can understand your concerns, and offer you the apt insurance cover. Only when you are covered with the right insurance, you can concentrate on making good music, and performing well.