Musical Instruments Insurance: A Good and Informative Read for You

Did you just purchase a musical instrument? Are you worried about its care, maintenance, and protection? As far as care and maintenance is concerned, you can do it easily by consulting the shop you got your gear from. However, when it comes to the protection of musical instruments, you need to be very nit-picky and particular about it.

If you have been wondering if or not you should buy a dedicated insurance plan for your musical instrument, you may go through this story. It is a story of a father who realized the importance of specialized insurance for musical instruments after his daughter questioned him about insurance.

Let the story begin!

One fine morning, I was sitting on the couch at home doing some official work regarding insuring the new car we bought. Coincidently, the same day when we got our first car home, I gifted my 8-year-old daughter a brand-new violin.

Let us get back to the car insurance part. So, when I was doing that insurance thing, my curious daughter came and asked what I was doing. I told her that we were buying insurance for our new car. She went to her room at first but came back with a childish yet vital question.

She said, dad, you are buying insurance for our new car, then why not my new violin. After all, both are new and purchased on the same date. Right?

And, her question suddenly clicked in my mind. It was an eye-opener. Yes, she was right. Musical instruments do need insurance coverage. So, I straight away searched the internet and found one of the best Music Instruments Insurance companies in our state and secured her violin.

Did you know the benefits I got?

When my colleague heard that I had purchased an insurance policy for my daughter's violin, he laughed and told me that I was wasting money. He also advised me that I could have included the gear under my home insurance. That way, it would have been easy on your pocket. He also mentioned that he did the same thing with her 5-year-old's guitar.

Now, I took the stage and silenced him.

I told him that it is where the notion needs to change. And everyone who believes that home insurance would be enough for protecting musical instruments should reconsider the thought process. I asked him a couple of questions. Here they are:

1. Will your home insurance plan cover your son's guitar if something happens to it outside your home? Now, he may play it inside the house. But, sooner or later, he will get out with it. Right?

2. Will your home insurance policy cover any accidental damage?

3. Will your home protection plan cover any loss or damage caused at the time of transportation (in case you need it for some reason)?

4. Will your home insurance offer worldwide cover?

5. You said that you purchased a high-end string. Will your home insurance cover its entire value if it is damaged due to any act of nature?

6. What if your neighbour is injured due to the instrument? Will your home insurance cover offer protection against public liability?

7. Will your home insurance cover the guitar if someone steals it from your car?

After being bombarded with these questions, my colleague asked me, does your Musical Instruments Insurance cover all these? When I said yes, the dedicated cover I bought offers covers all of the above scenarios. Plus, my insurance provider also allowed me to customize the plan according to my preferences.

On hearing it, he was like, wow, I did not know this before. I will also buy a standalone insurance plan for my son's guitar right away.

So, this was the story!

Hopefully, after reading it, you have understood how important it is to have a specialized insurance plan for your musical gears. Isn’t it? And why not? If you can insure your home, car, and health, why not your musical instruments.

If you own any musical instrument and want to secure it and your finances, make sure to buy a dedicated insurance policy for your gear. Remember, it is the only way you can go about protecting your gear from the possible eventualities while saving your savings account.