Some Reasons to Consider Specialized Bassoon Insurance Cover

Do you own a bassoon? After a lot of brainstorming, did you decide to insure it? Are you confused between your home insurance and a specialized musical instrument insurance plan? If you want to stick to your home insurance, consider reading the following pointers:

● Maximum coverage value: Most home insurance policies are likely to cover your bassoon up to a limited maximum coverage value, for example - $2000. If your woodwind is valued more than the given amount (as per your home insurance policy), it would be wise to consider a specialized musical instrument insurance plan.

● Paid performances: A majority of home insurance plans are least likely to cover musical gear if you have been using it for paid performances. Any paid performance would be considered as business or commercial use. So, if a loss or damage occurs at a paid event, your home insurance policy will not pay for it. However, musical instrument insurance plans cover professional, casual, business, and commercial use.

● Flood damage: Did you know - your home insurance is less likely to protect your bassoon against flood damage? Yes, until and unless you have got a dedicated flood insurance plan covering your personal belongings, your musical instruments remain uncovered. However, musical instrument plans available with leading music insurance companies cover flood damage.

● Wide range of perils: A dedicated Bassoon Insurance plan will cover a wide range of perils that are often left without coverage with home insurance, including cracking, falling, and accidental damages. However, a home insurance plan will not cover any damage or loss to your bassoon due to dropping, falling, or similar accidents. Every claim is properly scrutinized by an insurance company claim representative to ensure comprehensive coverage under a dedicated policy.

● Agreed value cover: A specialized musical instrument protection plan with most reputed companies will offer agreed value coverage for your gears. However, your home insurance policy is likely to provide actual cash value (i.e., the replacement cost minus depreciation). In general, musical instruments, when in good shape, have negligible or no depreciation. So, make sure to get the details beforehand.

● Public liability coverage: Did you ask your home insurance provider - what if your instrument is involved in a public liability scenario? Will it provide you coverage against such liabilities? Well, in most cases, home insurance policies are less likely to cover any public liability cases, minor or major, involving your musical instruments. However, a Bassoon Insurance plan will cover public liabilities. The best part - it will cover you against all expenses claimed by the third party following an accident, including legal and medical costs.

● Loss of income: In a situation of loss of income after an accident involving your bassoon, your home insurance plan would be of no use. However, a specialized musical instrument plan from a reliable insurance company also covers loss of income until you resume working, or as mentioned in your policy copy.

● Accessory cover: Your home insurance will not cover the related accessories. However, a musical instrument insurance plan also covers accessories. It is an added advantage for musicians. Isn't it?

Some words to reconsider!

After going through the above pointers, do you still want to go with your home insurance policy, or are you willing to buy a comprehensive Bassoon Insurance plan?

Dear reader, irrespective of what position you hold in the music industry as a musician or what profession you are into, a teacher, a dealer, a collector, dedicated musical instruments insurance policies have something for everyone. And that something is the fine line between mental and financial peace and mountains of financial burden. So, what do you want? It is all up to you.