123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

What Your Music Equipment Insurance Cover?

Profile Picture
By Author: michal
Total Articles: 216
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

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!

Total Views: 307Word Count: 601See All articles From Author

Add Comment

Insurance Articles

1. Mastering The Brass Player's Secret Weapon - The Embouchure
Author: victor12johnson

2. Term Life Insurance
Author: Bimastreet

3. A Day In The Life Of An Insured Fiddle From Its Own Mouth
Author: micheljordan4

4. The Story Of The Oboe Instruments Evolution
Author: musicinstrumentsins

5. The Ethical Considerations Of Selling Musical Instruments
Author: victor12johnson

6. What Women Need To Know About Life Insurance
Author: Joffry Daniel

7. Technology's Impact On The American Music Industry
Author: micheljordan4

8. The Art Of Flute Making And The Science Behind It
Author: musicinstrumentsins

9. The Enchanting World Of Woodwind Instruments
Author: victor12johnson

10. Sustainability And Insurance: How Car Insurance Brokers In Uae Are Leading The Way
Author: Stephan Rose

11. The Composition Of Cello Music
Author: micheljordan4

12. Understanding The Different Types Of Clarinets
Author: musicinstrumentsins

13. Essential Insurance Plans For Music Store Owners
Author: victor12johnson

14. The Evolution And Cultural Significance Of Heritage Musical Instruments
Author: micheljordan4

15. The Ultimate Car Insurance Calculator For New Car Owners: What You Need To Know
Author: Stephan Rose

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: