If you are a musician or run a recording studio, your instruments are dear to you. Apart from the monetary value there is always a sentimental value attached with these items. In case of theft or damage to your instruments, you are at big loss. Though little can be done about the sentimental attachment with the musical instrument, insuring them is the best ideal to protect oneself from the financial loss. There are several companies that offer a wide range of insurance products those ranging from music studio insurance to music dealer insurance. There are a many aspects that determine insurance of these instruments and let us now take a look at some factors that determine brass instrument insurance.
Use/Performance
It goes without saying that the premiums you pay would depend upon the type of use the instruments are subject to. If you are a stage performer the insurance premium would be higher compared to an amateur who plays it at home just for the love of music. Also if the instrument is being used at a music school or a recording studio the premiums would be higher as they are more possibilities of damage to these instruments.
New for Old Instrument
Musical instruments aren’t depreciating assets such as your car and hence when you are insuring them always make sure the insurer promises you a ‘New for Old’ policy. In fact brass instruments have the longest life compared to other kinds of instruments. Thus when there is damage to your instrument or it has been stolen the insurer must replace the product and possibly with one of the same make and model it that is still available in the market.
Medical Coverage
If you are running music school or recording studio, you must opt for policies that also cover the basic medical costs in the event of injury in your premises. This is an extremely important cover and would save you from many liabilities when there is a mishap at your premises.
Travel and Transit
There is one thing that many musicians tend to oversee when it comes to buying the insurance. It is the travel and transit cover. While theft or damage is most likely to happen when the instrument is at your home or the hotel you are staying in during an event, there is more than a remote possibility of your horn or trumpet being picked up from an unattended vehicle. Make sure that the insurance policy you choose protects you against this risk.
Today getting your brass instruments and other musical instruments insured is easier than you think them to be. There are several companies that offer you a wide selection of products to choose from. However you need to exercise caution before you are buying the insurance. Check out the ratings of the company and read what others have to say. If their claim settlement record isn’t good, you need to knock some other door. You can seek opinion of fellow musicians or friends who have already got their products insured. Insure your brass instruments today and truly enjoy the peace and tranquility that music brings to our lives.
Use/Performance
It goes without saying that the premiums you pay would depend upon the type of use the instruments are subject to. If you are a stage performer the insurance premium would be higher compared to an amateur who plays it at home just for the love of music. Also if the instrument is being used at a music school or a recording studio the premiums would be higher as they are more possibilities of damage to these instruments.
New for Old Instrument
Musical instruments aren’t depreciating assets such as your car and hence when you are insuring them always make sure the insurer promises you a ‘New for Old’ policy. In fact brass instruments have the longest life compared to other kinds of instruments. Thus when there is damage to your instrument or it has been stolen the insurer must replace the product and possibly with one of the same make and model it that is still available in the market.
Medical Coverage
If you are running music school or recording studio, you must opt for policies that also cover the basic medical costs in the event of injury in your premises. This is an extremely important cover and would save you from many liabilities when there is a mishap at your premises.
Travel and Transit
There is one thing that many musicians tend to oversee when it comes to buying the insurance. It is the travel and transit cover. While theft or damage is most likely to happen when the instrument is at your home or the hotel you are staying in during an event, there is more than a remote possibility of your horn or trumpet being picked up from an unattended vehicle. Make sure that the insurance policy you choose protects you against this risk.
Today getting your brass instruments and other musical instruments insured is easier than you think them to be. There are several companies that offer you a wide selection of products to choose from. However you need to exercise caution before you are buying the insurance. Check out the ratings of the company and read what others have to say. If their claim settlement record isn’t good, you need to knock some other door. You can seek opinion of fellow musicians or friends who have already got their products insured. Insure your brass instruments today and truly enjoy the peace and tranquility that music brings to our lives.
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