Why You Should Insure Your Piano Instrument?

Piano’s contribution to classical and contemporary music is unmatched. Moreover, playing the piano brings a host of mental and physical benefits to you. And, what do you do to protect your keyboard? While cleaning, repairing, and maintenance are essential, PianoInsurance makes your checklist for piano care complete.

Originated in the form of the harpsichord in the early years of the 18th Century, this keyboard-based gear has undergone many alterations in designs and configurations, such as upright piano, grand piano, digital pianos, hybrid pianos, and synthesizers, since then. So, which form of harpsichord do you play/own? Regardless of that, the one thing that you should never overlook is getting specialized musical instrument insurance for your piano.

Why do you need a gear-specific insurance policy?

Most people usually have homeowners’ cover. So, they believe that everything they have listed in the belongings-to-be-covered part of their insurance policy is safe and protected from the unwanted dangers. Do you also think alike? Well, although homeowners’ cover or renters' insurance policy does cover your belongings, there are some catches that most of us often fail to understand. So, if you have chosen to insure your keyboard under your renters’ or homeowners’ insurance policy, you should read this content for sure.

Yes, insurance policies, such as homeowners’ or renters’ cover include your belongings; you must understand the limitations and risks associated with such arrangements.

● Firstly, your home insurance policy will only cover up to a defined amount of your musical instruments.

● Secondly, it will cover only limited events of accidental damage.

● Thirdly, you are most likely to buy a rider on your existing insurance plan, in case your musical instruments are expensive

Although these are some of the many limitations associated with your homeowners’ or renters’ cover, these are enough to let you break your bank in case of an event of a loss. Therefore, it is always rewarding to get a standalone musical instrument plan to shield your piano. Probably, nobody knows how much your beloved piano means to you, and, of course, the amount you have shelled out to buy it other than you. Isn't it? Therefore, find a good insurance provider that offers insurance-specific insurance plans and protect your musical instrument.

How will a gear-specific insurance policy protect your piano?

It protects you from loss and damage due to a host of factors.

If you buy a piano-specific insurance plan for your keyboard, you protect it, as well as, your finances against damage or loss due to a number of accidents, including - theft, flood, fire, earthquake, accidental breakage, misplaced gears, and other such events.

It ensures proper valuation of your instruments.

One of the most important aspects of having a Piano Insurance is, it is most likely to provide you with a higher amount for your instrument in comparison to your homeowners’ insurance plan.

It protects you from public liability cases

And, public liability? How can you forget that? Let’s suppose- you are moving from one place to the other, or you have a concert outside your state and you have to take your piano with you. What if someone else got injured due to your musical instrument during the transit?

It is quite clear that the third party will consider you to be at fault. And, perhaps you are aware of the financial consequences when you are held responsible for someone else’s loss besides the hassles of being on the wrong side of a lawsuit. However, having an insurance cover safeguards you from the financial consequences that can impact your financial planning and livelihood.

Therefore, before a stroke of misfortune paralyzes your career as a musician, make sure to insure your piano under a suitable musical instrument policy and take a sigh of relief from the unforeseen.