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Guide To Buying The Right Cello Insurance
Fine and delicately crafted musical instruments with bows are fragile. And on top of that, these are both - expensive to buy and even more expensive to repair. Therefore, comprehensive insurance protection is supremely important.
As there are tons of insurance products available in the market, it is essential to understand your coverage. Unfortunately, in an emotionally and financially tormenting situation (when your instrument is damaged or lost), the last thing you would want to hear is your cover is not adequate.
If you have the right insurance coverage, your damaged cello will be properly repaired at the shop you choose, or your insurer will replace it at a minimal cost. Plus, your insurance provider will compensate you for any value loss after the repairs are done.
Moreover, you are most likely to need an insurance appraisal. However, you will not have to worry about the same as your insurance provider is likely to provide it free-of-cost when you purchase a policy. Make sure to share a copy of the purchase receipt and keep the original one with you.
Home Insurance or Dedicated Musical Instrument Insurance
Now let's take a look at the never ending tug of war between a home insurance policy and a Cello Insurance policy and which one is better for a musical instrument owner.
Although the premiums for home insurance are mostly low, the problems could be big. The issues that you may face when covering your gears under home insurance include -
● Home insurance policies are least likely to cover professional use of a cello or any other musical gear or accessory. Therefore, your home insurance will not cover you if you play your cello for commercial purposes, no matter the duration or amount.
● Most home insurance providers have a limited idea about musical instruments, their values, repair costs, devaluation, and the bond you have with it. Therefore, in instances of making a claim to claim settlement, your home insurance provider may take more time to resolve the same.
● There are many home insurance companies that do not want to cover high-value musical instruments.
These are some of the most common problems that you could face with your home insurance policy. However, adequate insurance cover taken from a good and reliable insurance company will come a long way and protect you against all odds that might cross your way sooner or later. Because instrument-specific policies are made for musical gears and related things, you will not have to wait for claim settlement for too long.
What about devaluation cover?
Devaluation cover ensures that you get the right compensation for loss of value if your musical instrument is severely damaged. Musical gears and bows that come with expensive price tags are prone to such cases of loss or damage and not being able to get the right devaluation coverage can be so very problematic.
Insurance policies that do not specifically cater to the needs of protecting musical instruments are very less likely to include a devaluation clause in their policies because they are not much familiar with the idea of devaluation. However, an instrument-specific insurance provider has your back covered for all situations that can be financially and mentally draining.
Reconsider your choice
So, if you have been laid back all these days and thought of your home insurance as your best buddy that will protect you, your home, your belongings, and your musical instruments, no matter what, it’s time to rethink your choice. Probably, you were thinking wrong all the way. Therefore, without wasting more time, do your research and find a suitable insurance provider and get a standalone Cello Insurance.
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