Some FAQs to Make Finding Music Insurance Company Easy

1. Some FAQs to Make Finding Music Insurance Company Easy What will be your first resort if your recording studio is destroyed in a catastrophic flood or gets torched as a result of an electrical fault or someone’s deliberate action? What if miscreants vandalize your studio and steal your musical instruments and accessories? What if a guitar falls off the rack and injures a customer at your music store? What if you were at a concert and the mic stand fell on someone in the crowd? What would be your first take if something like this happens to you in reality? An insurance plan is the answer! You are on this page, which makes it quite evident that you are planning to get an insurance policy. A standard musician’s insurance plan, from a trustworthy Music Insurance Company, is the best answer to beat the odds that the given situations are likely to create for you. It protects your finances and gives you peace of mind. Here we've some of the most commonly asked questions that will help you clear your doubts. So, let’s begin! What if you already have an insurance plan, your homeowner’s cover? Many people, even professional musicians, think that their homeowner’s insurance plan will also cover their musical instruments. Although it’s quite right up to some extent, there are some catches. Your homeowner’s insurance plan will cover your home and its belongings. Yes, your musical instruments and related accessories will come under it. However, you can file an insurance claim, only if those

2. instruments are broken/damaged/stolen in the premises of your home and not outside it. Therefore, getting a standalone insurance plan is the safest bet. Public liability - what on the Earth is it? These days, suing someone or getting sued for literally anything, is commonplace. So, being a musician, you happen to perform across the globe, you tour various locations, and you perform for diverse audiences, right? So, you are always around people. And, anything can happen at the venue while you are performing. A lady or gentleman from the audience might get injured due to slip and fall at the concert because of you. A crew member might hurt someone physically. In such an unfortunate scenario, you are more likely to be held liable for the same. And then, you have to compensate for the loss or damage, financially. That’s called public liability. The same applies to you even if you’re not a performing artist, but a musical shop owner. A comprehensive musician or music insurance will safeguard you against those liabilities. Are standalone insurance plans expensive? The cost of insurance policies varies from one Music Insurance Companyto the other. However, in light of the benefits they offer, insurance policies are likely to be cost-effective in the long run. When it comes to the costing of an insurance plan, it depends on your premiums and extent of coverage the policy offers. So, before you choose an insurance plan for your recording studio or musical instruments, make sure to understand the clauses and related terms and conditions. This will help you go for a policy that will cover you, as and when needed. How to get started? Before getting started with getting in touch with insurance service providers, you need to analyze your needs in the first place. Most importantly, you need to make an inventory of the items, musical gears, and accessories you want to insure. This will allow you and your service provider to find the most suitable insurance cover for you. Hopefully, after going through this content, most of your confusion related to music insurance is clear. Make good music and leave the safety and security of your instrument to your insurance policy.