What Types Of Risk Does Piano Instrument Insurance Cover?

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Are you a professional performing artist or just at the beginning of your career? Regardless of your professional rank or if you are about to learn to play the piano, comprehensive protection is essential. Also, if you own one or got one on rent, getting a musical instrument insurance plan becomes necessary for you due to various reasons.

Reading through this content will help you learn about the reasons. Keep reading to know more!

Do you own a piano?

What if you have just bought a piano after shelling out a fortune? The question does not end here. There is more to it. What if it broke or got lost while in transit or after reaching the destination? Do you believe that your home insurance policy will pay for it? If you think so, then you might have to consider it again.

Won't a standard home insurance policy cover your piano?

A standard home insurance plan will cover your musical instruments as one of your belongings. However, musical instruments like piano are expensive and require a comprehensive cover that home insurance often fails to provide. Therefore, whether you own a piano, violin, ...
... bassoon, clarinet, or any other gear, you should choose an instrument-specific plan like a Piano Insurance policy for a piano or string instrument insurance for violins, cellos, and guitars.

What types of risks does a piano instrument insurance cover?

With a reputable and customer-oriented insurance service provider, all possible risks are covered under an instrument-specific insurance plan that otherwise goes uncovered. For your convenience, here we have rounded up the list of possible risks that piano instrument insurance covers. Let us take a quick look at them:

Theft, burglary, vandalism, and similar crimes

A comprehensive musical instrument insurance plan covers a wide range of crimes involving your musical instruments, accessories, and music recording studio (if covered). Also, if someone torches your home, damaging the assets, a dedicated music instrument insurance plan will make sure to protect your piano and other insured musical gears and equipment.

Loss or accidental damage

Here's to all those people who stick to their home insurance plan for covering their musical gears! Your home insurance plan is least likely to cover accidental damages to your instruments. However, a standalone Piano Insurance does cover the same. Some good examples include - water spilling on the keys, keeping heavy objects on the piano, etc.

Elements of nature

Rain, flood, earthquake, thunderstorms, and hailstorms, to name some, are some of the most common elements of nature that often cause damage to musical instruments. And, piano, being a bulky item, cannot be moved all the time. What if it suffers water damage due to heavy flooding in your area? Is it alright only to rely on your home insurance? Industry experts would say no! The best way to ensure comprehensive protection for your gears into getting a dedicated insurance plan for musical instruments. It will cover almost all risks that may cause damage to your musical instruments and finances.

Public liabilities

Being into the world of music often means being surrounded by people almost always. Whether you play the piano, give music lessons, or simply collect musical instruments, what if someone gets injured because of you? What if someone else’s property is damaged with you as the party at fault? Unfortunately, if something like this happens, your home insurance plan won’t make any sense because it will not cover you against public liabilities. However, an all-encompassing musical instrument insurance policy will protect you against the hefty medical and legal bills, if the third party seeks compensation for the loss or damage caused to them by you.

Loss of income

Sometimes, bad luck strikes us so hard that we fail to even meet our livelihoods. What if a recent accident at your studio led you to the doors of loss of income? You need not to worry at all because your musical instrument insurance will cover loss of income until you resume or as decided according to policy terms and conditions.

The takeaway

These are some of the most common risks that musical instrument insurance policies cover regardless of the gear you own. That is not all. Such policies also offer worldwide coverage. It is an added perk.