Why Do Musicians Need Music Equipment Insurance?

By Author: micheljordan4
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The word music carries infinite depths, and musical instruments help the musicians to travel the almost unfathomable depths and make good music available for all. So, you can say that musical instruments bridge the gap between music and the listeners.

Musicians and their priority

Are you a musician too? Which musical instrument do you play? Do you play solo, or are you a part of a band? Do you play one particular gear or multiple gears? Do you own a musical instrument insurance plan?

Just like questions, such as which model or brand of car do you drive, if or not you are a pro or learner, do you drive daily, etc., do not matter when it comes to buying an auto insurance policy, when you have a car, having car insurance is a must.

Similarly, all the questions mentioned above around musical instruments do not matter either. When you own musical instruments, dedicated musicians insurance is imperative.

Home insurance and its limitations

Although some people advocate home insurance for insuring musical instruments, you are less likely to get comprehensive ...
... coverage with it. The reason? There are many limitations with home insurance in light of musical instruments. And, therefore, musicians need music equipment insurance policies.

So, without wasting any more time, let us take a look at the pointers talking about the limitations of home insurance and why a dedicated musical instrument policy is crucial!

Why do musicians need a specialized insurance plan?

Home insurance plans have a cap for the total property of your home. So, it can be possible that they might have a cap on per item as well.

And, the per-item cover for your musical instruments might not be worth it or satisfactory.

Plus, most home insurance plans cover only the named perils, including theft and fire. A flood situation might not be included under your home insurance.

You can enhance the extent of coverage of your home insurance by adding a rider. However, still, you might not get complete protection.

However, dedicated musicians insurance ensured comprehensive cover against all risks.

What does a musician's insurance cover?

Covering musical instruments under a standalone musical has many upsides. It includes the following:

● A dedicated insurance plan ensures that your gears are all-risk proof. So, what do you mean when you say all-risk? It means exactly what it sounds like. Unlike home insurance, musical instrument insurance plans cover all risks, including fire, flood, theft, accidental damage, and loss or damage due to elements of nature.

● Whether you play professionally or not, your musical instrument insurance plan will cover your gears. However, your home insurance policy will not cover any item used professionally.

● With a specialized musical instrument policy, your gears are protected both inside and outside of your home. In fact, you can also get worldwide coverage for all possible risks. However, your home insurance will cover your gear only if it is damaged or lost from inside of your home.

● Your personalized musical instrument insurance will cover more than the base instrument. With reputed insurance service providers, you can even cover the accessories as well, including case, mics, stands, and sheet music, to mention a few.

● A dedicated musical instrument insurance plan also covers public liabilities involving your musical instruments. It is indeed a faraway thing with your home insurance policy.

Conclusion

These are some of the many ways musical instrument insurance policies are worth the investment. So, with all these given benefits, don't you think every musician or musical instrument owner should go for a dedicated cover? A musical equipment insurance plan is not a mere piece of paper, it can be your savior at the time of utmost need.