What Your Music Equipment Insurance Cover?

 

Music Equipment Insurance for a musician is as imperative as car and home insurance for a car and homeowner, respectively. And, if you do not want to invest in buying a separate music instrument insurance because you have adequate home insurance that covers all your belongings, including your musical equipment, think for a while.

 

Although your home insurance says that it will cover your musical gears, did you read the terms and conditions properly? Once you thoroughly go through the policy papers or talk to your homeowner’s insurance provider, you will get to find about the limitations that necessitate buying a standalone musical insurance policy.

 

So, what are the limitations?

 

● Your home insurance policy covers your gears for sure, but only if something happens to those inside the premises of your home. Any damage or loss outside the home will go uncovered.

 

● Moreover, even if your gears are damaged or lost within the insured property, you are very less likely to get comprehensive coverage for your gears.

 

● Your home insurance plan will not provide you with worldwide coverage. What if you are a touring artist? Think about it!

 

● Regardless of the instruments you play, if it is for commercial interest, your home insurance plan will not cover you. If such a scenario happens, where you played for just one hour for a few dollars, and unfortunately, your guitar got damaged, oops, you will not be covered by your home insurance. The time and amount of money do not matter here. All that matters is, you played your gear for a commercial purpose.

 

● Besides, sometimes, you cannot avoid public liabilities. What if you accidentally hurt someone during your concert or recording or while giving music lessons to your students? What if all fingers are pointed at you? Who will pay for it? No, your home insurance will not. You have to do it Out-Of-Pocket. And, such expenses and rip your finances apart.

 

So, with all these limitations in place, do you think it would be wise to depend on your home insurance plan and go uncovered in the time of need?

 

Do your homework and find a reliable insurance service provider that offers dedicated and comprehensive Music Equipment Insurance and relax!

 

Claim settlement - Home insurance Vs. Musical instrument insurance

 

Claim settlement is another crucial aspect of any insurance policy. As far as a musical instrument-related claim is concerned, it takes experience in understanding musical instruments, their intricacies, and value in the market.

 

And, your home insurance service provider is least likely to be the right one to understand the value of musical instruments and how things work because they do have much experience in this domain.

 

For example, a musical instrument insurance provider is more likely to understand the bond a musician shares with his or her musical gears in a better way than a home insurance provider.  

 

Therefore, buying an instrument-specific insurance policy makes a lot of sense, both financially and emotionally.

 

How can you go about finding comprehensive musical instrument insurance?

 

Well, with a market full of insurance providers claiming to be the most trusted and the best, it can be quite a tricky thing to find a reliable and customer-centric service provider.

 

However, it is not a Herculean task. If you research and compare your options properly and do a thorough price-value analysis, you will find a genuine and reputable insurance provider with years of experience in the industry.

 

Dear reader, your musical equipment means a lot to you, not because you have made a lot of investment buying them, but because you connect with them. A good musical instrument insurance provider understands this connection well!

Tips to Purchase Audio Equipment Insurance Online

Whether you are a composer or a studio owner, audio equipment forms a greater part of your life. It helps create the music that you desire, and works towards producing good sounds. However, when you are investing in good audio equipment, you should also invest in good audio equipment insurance. However, whether it is buying the equipment or the insurance, there are a few things you simply cannot ignore knowing.

• The most essential item in your list ought to be the audio interface. While the interface may not be used on a daily basis, it is something you cannot ignore. You are never going to change the set up till your audio interface is being shifted. The audio interface is the equipment that will process all the audio files connected with the computer such as the tunes from the guitar, violin etc. The interface will convert the analogy to digital and from digital to analogy. You should choose the audio equipment in a way that it can act as a good converter. There are a few choices available in the market that you can choose from. Roland-Duo Capture EX and Apogee Duet are some of the examples.
• The second most important consideration happens to be the controllers. You will need a controller interface if you want to trigger the right sounds or control them. There are quite a few controllers available in the market that you can choose from. Samsung Graphite M32 as well as Akai’s MPK Mini is some of the choices that you cannot ignore.
• Along with these two, you should also invest in computer and the related software in order to streamline your production and have a smooth process.

Even with all the care you take, there are times when you spend more than the amount you should in taking care of the audio equipment. The maintenance, and in some cases the repair and loss of the instrument works out to be higher than you had imagined.

 What will you do in such cases? The only way out is choosing a good Audio equipment insurance. Here are a few tips just for you.

• What are the different types of audio equipment that you have invested in? What kind of insurance requirements do they pose? These are the two questions that you will need to answer before you are ready to call for the right audio equipment insurance for your studio. Add all the requirements that you may possibly face while maintaining or repairing or even servicing the audio equipment.
• Next in line start researching about the available insurance providers. There are quite a few people who offer good insurance solutions. You will need to list them out one by one, before you can begin making the right choice.
• Check for the experience these insurance providers hold. They may have a good experience but may not have offered any solution related to audio equipment. This may not help you. Hence, make sure you choose someone who has the relevant experience and knows how to deal with your needs best.

The ultimate decider for the audio equipment insurance happens to be the premium amount. If it solves the purpose and fits you budget, then you should opt for the insurance solution.