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Faq On Affordable Insurance Policies For String Instruments
Buying musical instrument insurance is always a good idea if you want complete protection for your gears. If you ask, "do I need to insure my guitar?", it would sound like, "do I need to insure my premium sedan". Yes, insuring your musical instruments separately, is as important as insuring your home and vehicle.
However, finding the most suitable plan could be a challenging task owing to the sea of options available in the market. Also, as insurance policies involve a certain level of legalities and intricacies, it makes the entire process even more confusing and taxing, especially for a first-time buyer. However, do not fret. Here we have rounded up some of the most frequently asked questions about String Instrument Insurance, as well as, others. Let's dive in!
What sum insured should I choose for my guitar?
If you are looking for an affordable musical instrument insurance plan, make sure to choose a sum insured equal to the amount it is likely to cost against replacement. In case, you do not have an idea regarding the value of your string, you can ...
... always get it valued by an expert and get a written copy of the valuation. It will make sure that you are not under-insuring or over-paying for insuring your guitar.
I want to insure a single instrument. What is the highest sum insured I can go for?
When you choose a customer-friendly insurance service provider, you can go for an unlimited sum insured. As they cover almost every type of musical instrument, irrespective of the value, you have multiple options to choose from. However, different insurance companies have different modus operandi. Therefore, make sure to get in touch with your insurance partner in the first place. They can help you with the right suggestions according to your needs.
I have a musical instrument which I want to ensure. However, it also has some accessories. Will an insurance plan cover the accessories?
Yes. When you choose a reputed insurance provider with seamless market expertise, you also get coverage for the accessories. However, it is always wise to discuss this with your insurance provider beforehand. Also, make sure to specify what all you want to cover. Always remember, your insurance policy with a good service provider will cover everything. However, it is least likely to cover loss or damage due to regular wear and tear.
I have got a vintage guitar. Will an insurance plan cover it?
Yes. A reputed insurance provider with years of experience in the market is likely to cover all sorts of vintage musical instruments. So, you can rest assured.
I am a professional musician. Musical gigs and concerts are everyday affairs. So, can I expect my insurance to cover me against any kind of public liability?
Yes, an all-encompassing String Instrument Insurance will cover you against public liabilities. So, if an accident happens involving a third party and you, your insurance will pay for the medical bills and/or legal expenses, as and when needed. It is one of the best advantages of having a musical insurance plan by your side.
I often give my musical instruments for rent. Will an instrument-specific insurance plan cover those?
Yes, an insurance plan designed for musical instruments will cover rental instruments as long as you have your consent. However, make sure to talk to your insurance provider to know more about the terms and conditions related to the given scenario.
Now that you have a clear idea about how an insurance plan can come to your rescue, finding the right one for you won’t be much of rocket science now.
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