5 Questions to Ask Before Hiring a Piano Insurance Company

If you have decided to buy a dedicated musical instrument cover for your piano, it is a good decision indeed. However, it is crucial to understand an insurance product before you buy it. It will allow you to use it as and when needed. If you don't have an idea about your insurance policy, you might not be able to use it properly.

Here we have rounded up some questions you should ask an insurance company before buying a Piano Insurance policy. So, let's get started!

1.    What types of pianos do you cover?

As there are different types, models, and makes of pianos available in the market, asking this question is crucial. Well, a reputable and customer-centric insurance company covers various makes and models of pianos and keyboards, including baby grand pianos, uprights, concert grand pianos, console pianos, spinets, harpsichords, digital pianos, to name a few.

The best part with an instrument specific insurance is - it covers your instrument regardless of your profession. You can be a professional musician, a music teacher, a music shop owner, a recording studio owner, or a collector. Your profile does not matter here. You can always insure your piano against a range of perils and unwanted scenarios. 

2.    Will your piano protection plan cover your accessories?

It is one of the best and most beneficial aspects of a musical instrument insurance policy. It also covers your accessories, such as books, sheet music, stands, mics, etc.

Even if your home insurance protects your piano, it is least likely to cover your musical paraphernalia. So, you should choose your policy wisely.

3.    Is your home insurance policy not enough?

It is one of those questions that people have been asking a countless number of times. Is a home insurance policy not enough? Well, the answer depends on several factors, including the type of piano you have and the extent of coverage you need. Many people stick by their home insurance plan no matter what instruments they own. However, there are certain risks involved with it, limited coverage being one of them. As far as the limited extent of coverage is concerned, you might not get the most appropriate value for your gears in some cases. And it can be too expensive for your pocket. Therefore, a dedicated Piano cover makes the safest bet.

With a reliable musical instrument insurance provider, you can tailor your policy copy according to your needs. Needless to mention, your piano is not an instrument for you. It is your life for which you have made a significant amount of investment. Insuring your piano means mental satisfaction for the years to come.

4.    What are you protected against?

A comprehensive insurance policy for your piano from a reputed insurance firm covers a lot of things. These include the following:

●    No limit on professional use
●    No time limit on traveling
●    A protection shield that guards you locally, domestically, and internationally
●    All-risk cover, including accidental damage, theft, damage, or loss
●    Transportation damage and loss
●    Cost of rental instruments
●    Cover for your accessories as well
●    Depreciation following a repair
●    Loss of income
●    Public liabilities

5.    What credentials does an insurance company have?

A leading Piano Insurance company is recognized by the most esteemed music associations, such as the Alexander String Quartet, Foghorn Classics, Target Markets, USC Thornton School of Music, Berklee College of Music, New England Conservatory, Bluegrass Unlimited, Carolyn Nussbaum Music Company, to name a few.

Make sure to check these and others you have in your knowledge before choosing a music insurance company because these credentials matter and influence the quality of your policy. When you have a trusted insurance partner taking care of you, you can take a sigh of relief.

Why Choose Music Insurance Company to Protect Woodwinds Instrument?

Whether you are a leisure-time woodwinds instrument player or have a professional standing in the industry, specialized music instrument protection is imperative for you. It would be fortunate if you do not need to file a claim pertaining to your insurance policy. However, if, unfortunately, you have had an accident damaging your musical instrument, what will you do? Without a suitable insurance plan, you are likely to land in rough waters. Remember, neither you nor your musical instruments are immune to the unforeseen.

Are you happy with your home insurance plan? Read this!

A majority of musicians, whether novice or industry-fame, think their musical instruments will be protected by their home insurance. Do you think alike?

Well, you can always cover your gears under your household insurance plan. There are no issues with that. However, if the damage or loss takes place away from your home, then your home insurance plan will not cover them at all.

And probably, you have not bought your woodwind to be played inside your home only. Right? Therefore, you need to buy a dedicated Woodwinds Insurance policy to protect your gears inside and out, and 24X7. Besides covering you worldwide, it also comes with a whole lot of benefits, both financial and emotional.

However, like choosing an appropriate insurance plan, choosing the right insurance provider is also necessary. Here is why:

●    An insurance provider with years of experience in dealing with musical instruments and related claims has the expertise. So, they can help you in a much more elaborate manner than a home insurance service provider.

●    A musical instrument insurance company covers different families of gears, ranging from woodwinds, strings, keyboards, and brass instruments. So, whether you own a piccolo or a clarinet, you are likely to get comprehensive coverage.

●    An insurance company specifically providing musical instrument insurance policies also covers accessories and your entire musical paraphernalia, unlike your home insurance provider.

●    A music insurance company covers everyone with musical instruments. So, whether you are a student, a teacher, a dealer, a musician, or a collector, you will have your back covered.

●    Your home insurance plan will not cover your paid performances. However, Woodwinds Insurance, taken from a reputed music insurance provider, will cover all your programs (whether it is a roadside gig or a grand concert).

●    Music insurance companies are well equipped to deal with claim settlements. Therefore, whenever you make a compensation claim, you can expect quick processing and proper claim settlement, unlike other insurance providers.

●    Although professional, a music insurance company understands the eternal connection you share with your gear. This understanding is hard to find with your home insurance. Therefore, they keep no stone unturned when it comes to protecting your musical gears.

●    Most importantly, the extent of coverage with a music insurance company is much wider than a home insurance provider. A comprehensive musical instrument insurance plan is an all-risk cover policy. It protects you from a wide range of perils, including theft, vandalism, robbery, fire, flood, thunderstorm, earthquake, and accidental damages. It also protects you against loss of income and public liabilities.

●    Your home insurance is effective only when something happens to your musical instruments inside the boundaries of your home. Your musical instrument insurance covers you omni presently.

It is your call to find the best!

So, these are some of the benefits you can avail of with a trustworthy and dedicated music insurance company.

As there is no dearth of such insurance providers in the market, it is your call to be careful while choosing one of the best musical instrument insurance providers to cover your gear.

With a little effort and some amount of research you can find the most reliable and customer-friendly service provider.

What Type of Insurance Will You Need to Carry as a NY Recording Studio Owner?

Examples derived from real-life experiences make it easier for people to understand certain situations or the importance of something they have been ignoring so far.

Dedicated Music Studio Insurance is one of them. Until and unless an unexpected event occurs with financial and mental repercussions, most people do not give much attention to insurance policies.

Here we have rounded up some real-life scenarios to help you understand what type of insurance you will need to carry as a NY recording studio owner and how important they are.

Imagine what if:

Scenario 1: You have a new consignment of new recording equipment coming into your music studio, and it arrived. You asked one of your crew members to take the delivery while you were busy discussing your next gig with a client. That guy accidentally dropped the boxes on the foot of a guest while taking them inside the recording studio. The guest got furious and decided to file a legal complaint against your business.

Consequence 1: What if you do not have general liability insurance cover?

You will be held responsible for the loss/damage to the guest. Most importantly, you may have to pay out-of-pocket for medical bills of the guest, legal fees, etc. An expensive ordeal for sure!

Consequence 2: What if you have a dedicated music recording studio cover that includes general liability insurance?

Again, you will be responsible for the loss/damage to the guest. However, this time, your specialized Recording Studio Insurance is likely to cover all the expenses. A profitable deal. Right?

Scenario 2: Humans have no control over the acts of nature, including earthquakes, fire, floods, thunderstorms, heavy rainfall, and similar situations. Isn't it? What if your entire musical paraphernalia got damaged/lost due to flooding in your area? What if the mixing consoles, audio workstations, recorders, musical instruments, microphones, etc., breakdown due to earthquake tremors?

Besides the acts of nature, your business might suffer due to various unscrupulous activities, such as theft, robbery, vandalism, intentional torching, among others. 

Consequence 1: You do not have a separate insurance cover for your studio because you already have home or renter's insurance.

In such cases, you are most likely to hit a rough patch that might cripple your entire financial setup.

Consequence 2: You have sufficient equipment breakdown, property, and crime coverage under your music recording studio.

You are a fortunate one, indeed. Your Recording Studio Insurance will protect you by covering the costs of replacements or repairs so that you can get back on track at the earliest.

Scenario 3: You have got an urgent musical concert in a couple of days. So, you and your team members are completely into it when a team member suddenly strangles his leg in a cable on the floor and breaks his leg. Although he could have been a little more careful, the accident happened. And, he asked you to compensate for his medical bills.

Consequence 1: You do not have Workers’ Compensation cover.

You have to make all the expenses on your own. Needless to mention, it can be an expensive affair.

Consequence 2:  Your music recording studio cover includes a Workers’ Compensation cover.

This cover will ensure that if an employee gets injured at work, the Workers’ Compensation cover will compensate for the medical bills and lost income until he resumes work. Also, although not a legal norm, a majority of states may need you to carry Workers’ Compensation cover if you have employees.

Final Words

So, the types of insurance cover you are likely to need as a NY recording studio owner include - General Liability Insurance, Equipment Breakdown Coverage, Property Insurance, Crime Insurance, Workers' Compensation Insurance, to mention a few.

These will ensure that no hindrance, whether natural or staged, will come between you and your business of music-making.

Therefore, no more delays. New York is a place where you are likely to find some of the best insurance firms that offer a range of insurance policies for musical instrument and recording studio owners. Go get one for your den right away.

Common Music Instruments Retail Risks: Which Insurance Policies Can Help?

With a pulling in of more than $6 billion per annum, the musical instrument retail industry is developing in leaps and bounds. The percussive and stringed instrument segments mainly draw the highest sales figures. It includes different types and families of musical instruments, such as pianos, guitars, bassoon, piccolo, to mention a few. However, where there are opportunities, there are some risks involved.

So, like any other business, the musical instrument retail shops also involve some risks and uncertainties, which call for dedicated Insurance for Retailers from a good insurance provider.

Let us talk about the possible perils associated with the musical instruments retail business and how an insurance policy can help you through.

What could go wrong at a musical instrument retail shop?

Here are some of the most common scenarios that can go wrong at your musical instrument retail shop. The pointers also include how a dedicated insurance plan can help you get over the issues. So, let us read on!

Premises liability cover: It can arise due to an accident, say, slip and fall, at the premises of your shop. Therefore, you need to make sure that the retail aisles are clean and clutter-free, the steps are marked, the store is well-lit with sufficient exits. Moreover, you should also make sure that all the products are in easy reach to the customers so that no one gets injured while checking out the products. However, sometimes, accidents happen, no matter what preventive measures you have taken. In such cases, an insurance policy designed for retailers comes to your rescue if a customer files a legal complaint against you, asking for financial compensation for causing physical injury or damaging their property.

Property cover: It not only includes your musical instruments but also the heating and cooling units and the electric wiring installed in your shop. Therefore, you need to make sure that all the electrical things are up to date at your shop. Also, musical instruments are delicate and prone to damage caused by water, fire, heat, and other factors. The worst part - someone can shoplift or steal the products showcased at your shop. Besides taking adequate security measures, you should also ensure getting Insurance for Retailers to become all-risks proof.

Loss of income cover: At times, unforeseen events bound you to shut down your shop for a significant time. It can make things difficult for you. However, if you have a comprehensive music retailer insurance plan, you will get cover for the loss of income you suffered due to a covered cause. Every musical instrument shop owner should get this cover without fail because misfortune always comes accompanied by all sorts of distresses.

Crime cover: Threats involving criminal activities are always there with a business. What if burglars break into your shop? What if a dishonest employee steals things from your shop? Crime coverage can help you get through all such problems.

The range of protection cover you are likely to enjoy with an insurance plan made for retailers is vast. Plus, it also ensures that you are financially at peace, no matter what. So, find a reliable and experienced insurance service provider and get your policy copy right now.

What can you expect from a good insurance provider?

As many insurance providers are operating in your state, you might ask why choose a particular one or what to look for or expect from an insurance company? Here you go!

●    With a customer-friendly insurer, you are likely to get affordable and suitable insurance products.
●    You can easily find quotes for free as quickly as 1, 2, and 3.
●    You can expect reliable and custom-tailored services and competitive quotes.