How Does Musical Instrument Insurance Make Your Life Easy?

Every musician forms a special bond with their instrument. Amateur music players to professional composers invest time and hard-earned money to keep their gadgets in proper condition lest they fear losing them to decay and damage. Each instrument owner has their own way of maintaining their equipment. Despite all necessary precautions, accidents occur that are beyond control. For a musician, nothing is more painful than losing their favorite instrument and feeling helpless due to an inevitable situation. But, do you know when you start losing hope and almost give up, here music instrument insurance comes to your rescue?

Insuring an instrument is a wise decision that protects the insured against any theft, loss, damage, devaluation, attempted robbery, or burglary at your premises.

Are you unsure about the exclusions in your policy? Here are the pointers.

Most of the time, people make a common mistake of not taking clarity from the insurance company about the exclusions of their coverage mentioned on the policy paper. It is advisable to clarify both inclusions and exclusions from your insurance company for future reference.

Here are some general exclusions sighted below.

• Breakage of strings, drum heads, or reeds at the time of playing.

• Damage owing to humidity, dampness, dust, pollution, dirt, exposure to direct sunlight, and changes in color or texture.

• In-built defect, deterioration, or decay due to rodents, pests, and woodworm.

• Loss to your musical instruments while left in an unattended vehicle.

• Damage or loss during maintenance or repair.

Is instrument insurance a mandate for amateurs?

People who play instruments only out of their passion and never get paid or compensated for their performance are amateurs. Have you just accomplished your musical course and stepped into the world of music? At first, all you need to do is protect your instrument by putting rigorous efforts into taking care and also, buying a suitable musical instrument insurance plan to lead a worry-free life and get a decent performance from your musical gear for a long span.

As an amateur, handling expensive musical equipment is a difficult job. What if it gets stolen or damaged? Instrument-specific coverage would be a great relief for you as it provides insurance for your equipment and accessories and saves you from financial loss.

How does musical insurance play a vital role in a professional's life?

Despite routine maintenance, professional musicians take extra care of their equipment as they have to perform stage shows almost daily. Though home insurance covers the musical instruments yet to get the desired claim amount, it is always a wise idea to have a dedicated music instrument insurance plan. Even many broker houses do not include any piece of property in a homeowner’s insurance policy if the insured person gets earnings from it. Thus it is advisable to go with an additional coverage plan that is applicable for the instrument.

Since an experienced music player handles expensive equipment alongside specified instrument insurance, it is better to follow some precautions for safety reasons.

• To prevent your instrument from getting stolen in public places it is better to avoid band stickers on your musical gear and in the cab. It is one of the best ways of not getting targeted.

• Install an alarm in your vehicle.

• Ensure your vehicle is under lock when you are not around. Be careful while loading and unloading your expensive musical equipment.

• Use blinds in your cab windows to prevent the instruments not getting visible from outside.

• The parking area where you park your car or van overnight should be safe. The place needs to be secured to park your vehicle with all expensive musical gear.

The know-how of the musical instrument insurance market is vast and at times, complicated, by following the points mentioned above, you should find the musical instrument policy that best suits your needs and budget.