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A Checklist For Getting The Right Music Dealer Insurance

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By Author: victor12johnson
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If you have a music studio or dealer selling or repairing music instruments, you should prepare a checklist for getting the right music instrument insurance. Unlike musicians who have one or two musical instruments, which they are good at playing, you have many of them, from expensive, vintage, and new to old-fashioned instruments. All of them are very expensive, and in case of any unexpected happening like theft, fire, or other, you will be at a great loss. Already the pandemic has caused havoc among the people, especially those in the music industry. Hence, it would help if you did not risk another loss that comes at the most unexpected time.

So, prepare a checklist for getting the right musical dealer insurance to get all your musical instruments covered by the policy to claim the full amount in case of any unexpected losses.

What is the right music dealer insurance?

Individual musicians having instruments for playing in gigs, shows, concerts, and others for a living should insure their instruments. Those learning music to become ...
... a musician because of a passion should also get insurance. There are also music instrument collectors for their love of music.

Because music is a universal language with no language or geographical barriers and mesmerizing effects, anyone hears a soothing, soul-stirring sound. But it is different for the studios and stores selling and repairing musical instruments, as they have many expensive and vintage musical instruments at their disposal. A few would be there for repair or sales or as loans to musicians. Hence, the responsibilities of the music dealer increase manifold to have them all covered to be safe. And failing that, they will be put through huge losses and hardships, not being able to offset the loss.

Why is music dealer insurance important?

A music studio, store, or repair shop is like a business establishment selling and repairing musical instruments. Hence, all the liabilities of other businesses apply to it as well.

For example, if a shopper checks for a musical instrument, there are chances for other instruments to fall on the person and cause physical and other injuries. And the music store owner is liable to pay for any compensation that the shopper claims through a lawsuit.

If you are a music instrument dealer and repairer, you may have workers for whom you have to get workers' compensation insurance to safeguard them. Also, a rare few may file a lawsuit because of the harm caused by the musical instrument they bought from you.

A Checklist for Getting the Right Music Dealer Insurance

From the above facts, you need to prepare a checklist for getting the right dealer insurance to keep your musical instruments safe and avoid many other issues.

Check if the musical instruments have insurance coverage during transit domestically and internationally.

Verify if losing the musical instruments has cover for theft, accidental damage, flood, depreciation because of an accident, fire, climate, earthquake, etc.

Ensure that the musical instruments kept on loan in the store by the customer or for approval have the cover by the insurance.

• Check the musical instruments coming to the store by courier or post to cover any damage in transit.
• When musical instruments are sent on loan to customers, vehicles should have cover for the full value.
• The exhibition covers musical instruments, especially vintage instruments, to cover them for any damage or theft.
• Check if the musical instruments have the proper maintenance and are cleaned well with a good appraisal for getting their full value in claims.
• Having a need statement ready will help to claim the full insurance from the music dealer company.
• Check if the music insurance agent represents the company directly or a dealer consultant to explain the formalities. Only the best music insurance company with enough experience offers the policies.
• Verify the premiums for the musical insurance to not exceed the budget by covering unnecessary things to add to the budget.
• Check the reviews, ratings, claims disbursed, and others to know the credibility before trusting the music insurance company with your valuables.


The above facts and the checklist will ensure your music studio or store has the right cover with the right music dealer insurance to get the full claim of any losses or damages.

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