Enjoy Financial and Mental Freedom with Flute Insurance

Did you pack your flute cover plan for your next trip? Do you think it is good to go? This question might seem a bit weird to many. They might think - what would one take a coverage plan for a flute, a musical instrument, on a trip?

Well! What if you are a touring artist? What if you are off to your next trip for a musical concert, one of the most awaited moments of your life, that big break?

Probably, you have your copy of your travel medical insurance policy, your airline tickets, and all other documents in place for the same. Right? So, how can you not pack your Flute Insurance policy with all your essentials? Like all the docs, this piece of paper (or a soft copy) can save you millions of dollars at the time of need. Keep reading to clarify your doubts.

First of all, what if a flute insurance plan?

As the name suggests, it is an insurance product that covers your flute from various covered perils or unforeseen events.

What do you mean by covered perils?

Covered perils, also known as an all-risk cover, refer to every possible kind of damage, loss, or theft related to your musical instrument. So, if your beloved and super-expensive woodwind instrument is damaged or lost due to any of the risks mentioned in your policy paper, your insurance provider will pay for it.

What if you need worldwide coverage for your musical gear?

With an experienced insurance service provider, every possible kind of damage, loss, or theft associated with your woodwind will be covered by your insurance policy across the globe. This coverage is more than just a sigh of relief for a touring flute player.

Your insurer will cover your flute on a 'Valued At' basis. What does it mean?

Yes, a reputable insurance company that has been in this business for decades will cover your musical instrument on a Valued At basis. It means that they will insure your flute for the amount depending on the schedule of musical gears insured. So, the policyholder will get the same amount for which their flute has been insured in case of a total loss of the gear. This concept is much better than replacement cost as the former is predetermined, with no negotiations needed at the time of claim settlement.

Will your musical instrument insurance provider cover the difference in value?

A reputable musical instrument insurance agency offers coverage benefits like the cost of repairing damaged gear. Did you know they also cover the difference in the value of the musical instrument, before and after the loss? Yes, you are absolutely safe with a customer-centric insurance firm.

What if the lost or stolen flute is recovered?

In case a lost or stolen musical instrument is recovered, and your claim related to it has already been settled, you can still repurchase your gear for the same amount you received as the claim settlement amount. The best part, you will not need to reimburse your insurance provider with any kind of claim fees.

What is business interruption endorsement?

If your flute is lost, stolen, or damaged, forcing you to cancel your gigs, the business interruption cover will pay you if you lose income owing to a covered loss. A customer-friendly insurance provider knows how crucial your fee is. Therefore, they have a per-incident coverage limit of $250 for you at no additional cost. If your performer fee is high, you also have options to choose high limits. To avail of this benefit of excess limit, you will have to contact your insurance provider.

Can you ask for coverage for newly acquired musical instruments?

Yes, you can ask for coverage for newly acquired musical instruments. A good insurance company will cover up to the value of the highest valued gear based on your current instrument's schedule. It can be to $50,000. If you have acquired musical instruments, make sure to inform your service provider within 30 days of the acquisition.

These are some of the vital aspects associated with a Flute Insurance plan. So, without much ado, make sure to get a copy for your gear right away and enjoy mental and financial freedom.