Choose a Music Insurance Company that Offers Comprehensive Coverage

 

 

Most people, when it comes to choosing an insurance service provider, get carried away by the hype and hoopla of the deals and offers the latter promises to offer. Some don't even analyze what a given musical instrument policy is offering. Although saving money is indeed crucial, not at the cost of your protection. Isn't it?

Deals will come and go. At the end of the day, what stays is the assurance of being protected. And, you can get this only by choosing the right insurance protection that not only promises but also lives up to your expectations at the time of a financial emergency. However, like choosing a decent policy is important, where you are getting the policy from is also important. Therefore, be informed and find a reliable and reputable Music Insurance Company when buying yourself an insurance plan for your musical gears.

 

Your musical gears need much more than home insurance

 

Generally, people who own musical instruments or are collectors of priceless pieces, try to wrap up their collection under their home insurance. Mostly, they either do not have any idea about dedicated musical instrument insurance plans, or they give preference to their home insurance to save their pockets. However, when you would learn that your home insurance is fine, but your musical instruments need much more, you will definitely find a specialist music instrument insurance to be an investment-worthy thing.

 

● Your home insurance, no matter how much hefty the premium amount you have paid, will not protect your instruments if anything happens to them outside the premises of your home. And, probably, you will go out for sure. Right? However, if you get an instrument-specific plan, your gears are protected almost everywhere.

 

● Your home insurance will definitely not cover your instruments worldwide. However, if you buy a dedicated insurance plan from a Music Insurance Company, you are most likely to get this protection, regardless of where you go. And, if you are a touring artist, it is a big yes for you.

 

● Your home insurance will cover the enlisted musical gears, but up to some extent and not the entire value. And, it is most likely to be not much suitable or useful for you.

 

● Claim settlement for lost or stolen musical gear would be much more hassle-free and easier with a musical instrument insurance provider in comparison to home insurance. And the reason is quite obvious. A music insurance provider understands this front much better than your home insurance provider.

 

So, these are some of the most crucial things that you need to keep in your mind when you are confused between home and musical instrument insurance policy. Always remember, the unknowns associated with your life and livelihood would always be unexpected. And, in case you are not prepared, it could take a toll on your emotional as well as financial wellbeing. In light of what is being said here, having the protection of a musical instrument insurance plan is imperative for you, no matter if you are a beginner or a top player from the industry.

 

The qualities of a reliable music insurance service provider

 

You might be wondering that there are plenty of musical instrument insurance companies in and around your state, so how would you understand if the one you intend to choose is the right choice for you? Well, it is quite a question. Choose a company that is licensed and holds all the necessary credentials and memberships. Also, a trustworthy company is always transparent to its customers and offers the highest level of customer satisfaction right from the beginning to claim settlement (if needed) and further.

 

Professional Guidance to Buy Appropriate Music Studio Insurance

When you are a musician, your musical instruments, be it a vintage Martin string, the grand piano you bagged at the auction, or any other piece of gear that oozes music, are more than a world to you. These do have high financial values. But, for you, the connection is spiritual that only you can understand. Your gears are your inspiration for creativity and the excitement that sets an adrenaline rush in your body. Isn't it? However, the very thought of losing them is utterly depressing and the last thing you would ever want to think about. However, it would be better if you think about those nightmares beforehand and stay prepared to look into their eyes.

 

As far as staying prepared is concerned, protect your music recording studio with suitable Music Studio Insurance.

 

What extent of coverage your home insurance offers?

 

Well, in general, musical instrument owners can wrap any particular gear into their home or renter's insurance plan. However, when it comes to the entire paraphernalia of instruments and your music studio, you are most likely to get a certain amount of value and something that you won't find useful or even attractive. And the most important thing, your home or renter plan will not cover any property used for commercial use. 

So, there is no point in getting into so much hassle when insurance protection for your recording studio is all you need. Here are some of the most important covers you should look for when buying insurance for your den. When you have all these covers in place, you are safe. So, let’s take a look at the pointers given below:

 

General liability insurance

 

Do you know you are most likely to be tagged responsible if someone, a third-party, suffers bodily injury or property damage while he or she was on your property? Accidents like slip and fall, electrical wiring fault-related shocks, or something else might make you land in the legal mess, a pretty expensive one. However, the general liability coverage will protect you against all these and much more.

 

Workman's compensation coverage

 

When it comes to the USA, almost every business needs to carry this coverage in order to operate. The possible risks of injuries to the music tutors and other employees are likely to include broken instruments, slip and falls, strained vocal cords, and anything in between. If you have workman's compensation, you will not have to worry about the on-job injuries-related medical bills and, of course, the super-expensive legal fees.

 

Property Insurance

 

If you are the owner of the building where your music recording studio is located, getting property insurance is a must. Have you ever thought that the damages owing to natural disasters, theft, fire, or other catastrophic accidents can make you lock the doors of your studio? Even if you have a home studio, you are most likely to need separate business insurance for your studio. Although your studio is located right in your home, you use the former for commercial purposes, for which your home insurance will not be responsible. Plus, you have so many musical instruments in there. Getting property insurance will make sure that you are covered.

 

These three covers will act as a financial cocoon when you need them the most. Therefore, if you own a music recording studio, you cannot do without it.

 

Protect your musical instruments and your savings

 

If you cannot afford to let go of your musical instrument for whatsoever reason, get Music Studio Insurance right away! Get in touch with a reputable service provider, get the right policy, and find peace of mind.

Secure Your Piano and Finances with a Specialist Instrument Insurance

 

Picture this - Samuel purchased a gorgeous and scintillating Fender Rhodes piano. He has been longing for it for so long. However, unaware of the importance of having a standalone Piano Insurance, he went on his long-impending tour to the beaches. Hardly did he know that misfortune was waiting for him right on the other end of happiness. After he came back from his holiday, he was taken aback to see that a portion of his house was burnt into pieces due to a major electrical fault a few days ago. Unfortunately, his piano was kept right in that part of his home, his study.

 

It was hypothetical but can be real!

 

Needless to mention, but accidents like these can wreak havoc on your life, not only financially but also emotionally. So, are you ready to face such a situation? What if something like this happens to the piano or any other instrument you bought recently? It is highly advisable not to rely on your home insurance for complete coverage. The best thing you can do to yourself and your musical gears to protect them from the unwanted likelihoods is buying a musical instrument insurance policy.

 

Musical instruments and insurance go hand in hand!

 

Having to tackle such a pathetic scenario of losing your piano can be a tormenting experience. Things can take a wrong turn, especially when you do not have sufficient insurance protection, which makes you shell out for paying for the repairs and other damages after an accident, all from your pocket. Therefore, specialist Piano Insurance is a must-have for every music instrument owner, regardless of his or her professional status and playing level in the world of music.

 

Coverage at all playing levels

 

Specialist musical instrument insurance policies from a reputed and customer-focused insurance provider are intended to cover almost every possible loss or damage. So, you can rest assured about the security and safety of your gears as well as your finances, no matter when you are a public figure or a hobbyist.

 

Coverage options you want to enjoy!

 

Although the extent of coverage might vary from policy to policy and insurer to insurer, there are some standard covers that you are most likely to get will all reputable insurance providers, and the rest you can always sit and work with your insurer. Some of the basic insurance covers include the following:

 

● Coverage for all potential risks, including flood, fire, accidental damage, theft

● Cover that protects your musical instruments all across the globe

● Cover when your gears are at your home

● Cover when your gears are in transit

● No claim bonus

 

What is all about public liability?

 

It is one of the most frequently asked questions people ask when looking for dedicated musical insurance policies. Public liability or third-party liability is a scenario where you are responsible for someone else's loss or damage. The loss of damage could be physical injuries or property damage. As far as the situations that can arise is concerned, it could be anything, a mic falling on an audience while injuring him/she, a student falling off the stairs breaking her leg due to a tangled cable kept on the ground.

 

And, when you are responsible for something, it is you who have to compensate. It goes without saying. In most of the cases, the compensation is financial and you have to pay out of pocket for the same. It could be so very financial draining. However, when you have a musical instrument insurance policy that covers public liability, you are safe from the financial burden as your policy will take care of it.

How to Get an Instrument Appraised by an Experts

 

Have you inherited an ancient violin or maybe a vintage grand piano that you do not play anymore and want to trade-in? Well, when antique pieces sit collecting dust and grime in your garage or cellar, it is wise to trade them instead. These unique collectibles will probably look better occupying your bank account accruing interests rather than occupying a corner of your home that you can use otherwise.

However, when you want to sell vintage musical instruments but are not sure about how much it should cost, get your musical instruments appraised from a reputed and experienced appraiser.

 

Years of Experience Matters

 

As reputed appraisers have years of experience in this field and have valued thousands of musical instruments and accessories before, they are the best people you should look forward to. However, make sure to choose a professional who has Insurance for Appraisers. It will help you streamline the process, and you would rest assured about transparency and reliability.

 

Musical Instrument Appraisal Is Not an Easy Feat!

 

Collecting exquisite and vintage musical instruments and accessories is a niche marketplace. Although most of such instruments possess a resale or second-hand value, some musical instruments are exclusive and precious. It mainly includes guitars, piano, woodwinds, and percussion, among others.

 

Moreover, musical instruments with a lineage or that belong to some famous personalities are also valuable no matter what. These gears indeed deserve a decent value. Therefore, it is crucial to get your musical instruments appraised.

 

Some Gears Become Valuable, Some Depreciate in Value

 

Evaluating the value of instruments is not everyone's cup of tea. The value of many of the musical instruments increases over time owing to a number of factors, such as refinement of sound quality with time and increase in the harmony of the sound, and others. This increase is often seen in instruments like violins, violas, and guitars. Similarly, the value of musical instruments like saxophones or pianos depreciates with time, depending on many factors. A musical instrument appraiser is the best person to decide these factors while evaluating the value of your gears.

 

Some Instruments are Never Old!

 

Another important thing with musical instruments is, some of them, especially the older ones, may not bring in the same charm and magic as they used to exude before when played. But they have a different character now. Such musical instruments are known as collectibles or collector's items. These may not appeal to your ears anymore, but will definitely make your head turn.

 

So, when there are so many factors to consider, you should get your musical instruments appraised by an expert professional. Most importantly, it is important to choose one with Insurance for Appraisers. Otherwise, you might not get the right value for your vintage musical gears.

 

What are the Steps Involved in Getting Your Gears Appraised?

 

As far as the steps involved in getting your musical instruments appraised is concerned, it may vary from one insurance service provider to the other. However, with a customer-oriented company, it would be hassle-free and likely to involve the following easy steps:

 

● Step 1: Find a reliable music insurance appraiser. You can also go for an online appraisal. It would be more convenient.

 

● Step 2: Take a photo of your musical instrument that you want to get appraised and upload the same to the website of the service provider.

 

● Step 3: The experts will evaluate your musical instruments with the best of their knowledge and expertise.

 

● Step 4: Once the appraisal is done, it will be sent to you via mail or whichever way you want

 

This is how the process of appraisal works!