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If you are a musician or a musical instrument owner, you might have come across a question plenty of times by now. And that's - do you have a dedicated insurance plan for your musical instruments? So, what is your answer in general?
● You have your home insurance plan.
● Or, you do not need an insurance plan for your gears.
● Or, nothing will happen to your strings or woodwinds because you take good care of them and are quite careful with handling such delicate gears.
If your answer is more or less similar to any of these possible options, you should reconsider it and think again. Musical instruments without Musical Instruments Insurance can make you land up in grave financial troubles if unfortunately, an accident happens. And, you are never sure about unforeseen situations. Right? Therefore, without giving any second thought, start researching about dedicated insurance plans so that your gears remain protected and your finance is not distressed.
Musical instrument insurance plan - Why do you need one?
A dedicated insurance policy for musical equipment comes in handy in the following scenarios:
Damage, Loss, or Theft
● If your woodwind, string, or any other type of musical instrument(s) is accidentally damaged, lost, or stolen, your insurance plan will cover it without making you pay out of pocket.
● In case you need a replacement instrument, your policy will also take care of it.
● Your musical instrument insurance plan will cover your gears no matter whether you are in your home or any other place, unlike your home insurance.
Accidents that may cripple your finances while you are playing live (public liability)
● If you injure someone or damage his or her property while performing at a concert hall, your insurance policy will cover your public liability.
● A majority of venues are most likely to ask you for your public liability cover to allow you to perform.
● This cover will ensure that your bank balance is protected in every situation.
● If you are a music teacher, then the public liability cover will ensure that you are safe if you are held responsible for giving wrong advice or showing negligence while teaching your student(s).
A word of caution: Like many other musical insurance owners refrain from assuming that your home insurance plan will protect your gears in the same way a musical instrument protection plan does. Make sure to do a comparative analysis between your home insurance and musical instrument insurance policy. Once you do it, you will understand that only relying on home insurance will not cover your musical gears comprehensively.
Who does a standalone insurance cover?
Many of you might wonder - Who musical instrument insurance protection policies are designed for? Well, when you choose a reliable and reputed insurance provider with years of experience in the industry, you can buy a dedicated plan if:
● You are a DJ.
● You are a music teacher.
● You are a band.
● You are a part of an orchestra.
● You are a singer.
● You are a musical instrument owner.
● You are a music shop owner.
● You are a collector.
● You own a recording studio.
● You are a musical instrument repairer or appraiser.
The most enticing aspect - Worldwide coverage
Do you think your home insurance will cover you if you are on a world music tour and your gear is damaged, lost, or stolen? Well, the answer is no. However, a dedicated Musical Instruments Insurance plan will cover your gears as well the accessories across the globe.
So, after learning all of this information about instrument-specific insurance plans, don’t you think you should get your copy right away? Hurry, go get your gears covered!
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