Buy a Specialized Insurance Policy to Enjoy the Best Musical Instrument Coverage

1. Buy a Specialized Insurance Policy to Enjoy the Best Musical Instrument Coverage To a musician, a musical instrument is much more than a mere tool for creating music. The bonding between the two becomes so strong over time that it is sometimes even considered as the truest companion of all living objects. Some century-old instruments that are still in use carry immense value to their owners while the keepers of modern delicate items consider them as stunning pieces of art. All these prized possessions need to be stored, maintained, and protected well, right? But what if they get damaged, stolen, or completely lost? That is why you need to invest in a unique insurance policy offering exclusive instrument coverage. If you are worried about your beloved musical instruments, go through this article to know more about how specialized music insurance can help you the most. Homeowner’s Insurance vs. Instrument Insurance Yes, your homeowner’s or renter’s insurance comes with extended coverage for your musical instruments. But if you feel that it is enough to keep them protected anywhere anytime, you are wrong! A homeowner’s policy is designed to protect your personal property, which includes your musical instruments. But it has its loopholes.

2. Typically, it covers your instruments as long as they are inside the home. You can also not expect your instruments to be safe during a flood. Apart from its limited coverage, you need to pay deductibles too. Hence, a homeowner’s insurance is only good for a music lover, who plays the instrument casually at the home studio. On the other hand, independent musical instrument insurance offers specialized coverage for protecting your music-related belongings in all circumstances without any deductible. If you are a performer, who needs to travel with your valuable instruments, you can certainly count on it. The extensive coverage also ensures the safety of your instruments during all types of natural disasters. In short, separate insurance for musical gear can meet the expectations of all professional musicians, instrument collectors, and music dealers perfectly. Which Instruments are covered by the Policy? Being a specialized form of insurance, a musical instrument policy covers almost all types of instruments. They are categorized by insurance providers to streamline the procedure. Usually, the most common categories insured by such policies include string instruments (classical, acoustic, and electric), brass instruments, electronic instruments, woodwind instruments, reed instruments, bass musical instruments, percussions, pianos, harps, harpsichords, clavichords, and so on. Besides, other items like accessories, tools, electronic gear, and recording equipment are also included in it. Coverage Features of Instrument Insurance If you invest in good music insurance, you can enjoy some of the most unique benefits for your instruments. Following are the best things about such policy coverage: • Custom-made and comprehensive coverage that caters to the individual's needs of the policyholders • Coverage extends to anywhere in the world irrespective of the location of the instrument • Covers almost every possible type of risk, such as damage, theft, loss, breakage, and natural calamities i.e. flood, earthquake, storm, etc. • Offers the ‘Agreed Value’ for the replacement of an instrument in case it is lost or destroyed • Reimburses the loss of earning, which is caused due to the damage or loss of an instrument

3. While purchasing your musical instrument insurance, it is important to find a company that specializes in it. This will make sure that you get the best instrument coverage for your precious possessions and help you stay Affordable rates of premium based on the declared values of instruments, locations of storage, frequency of playing, career profiles of policyholders, and so on assured.