Reasons Why String Instrument Insurance is the Safest Bet!

1. Reasons Why String Instrument Insurance is the Safest Bet! Insurance for musical instruments is essential for every musician. Regardless of the kind and family of the musical instruments you play and the style of music you are into, insurance policy is a protective shield for you. Most importantly, if you are a professional musician, says a string artist, then your String Instrument Insurance gives you the freedom to perform sans any financial concerns and public liabilities. So, whether you have got a violin, a guitar, or any other instrument lately, or you already have an uninsured musical gear, expert’s say, get those insured right away because emergencies are always uninvited. Insurance for musical instruments - the meaning When it comes to defining insurance for musical instruments, there can be two scenarios. Number one is insurance as an add-on with your existing homeowners’ insurance or renters’ insurance plan. And, number two is a standalone policy specially designed for musical instruments. However, there is a catch here. The add-on or rider with your home insurance is more likely to offer limited coverage and no coverage at all if something happens to the instruments outside your home. However, dedicated insurance will make sure that your musical gears are protected in and out. And the extent of coverage is likely to be on the higher side.

2. So, finally, it’s you who has to decide on the most suitable option. And if you are looking for an expert opinion, most industry experts say, the second option, i.e., specialized musical instrument insurance policies are the safest bet, no matter if you are a hobbyist or a professional musician. Can’t you do without an insurance plan for your string instrument? Insuring your musical gears is possibly the best kind of protection for sure. If you look at the statistics of musical instrument theft cases in the United States of America, you will gawk in surprise. As many as 1 million instruments and even more go missing every year in the US. So, in light of the given data, don’t you think having insurance by your side is a good idea? A String Instrument Insurance or insurance for any other musical instrument offers comprehensive protection against theft, loss, and damage. And, how could you forget third-party liabilities such as accidental damage or loss to people or properties due to your instrument? Professionals often face such difficulties. When stuck in such a financially draining situation, your insurance policy for musical instruments is the best resort. The most important point to be noted here is - your homeowners’ insurance policy is very unlikely to provide you with all-round protection in cases of theft, loss, damage, and public liability. Getting a policy made easy for you Before you go ahead and look for a suitable policy for your musical instruments, here are a couple of crucial things you need to consider. Let’s take a look at them - ●It’s always wise to understand your specific needs from a given insurance policy in the first place. And, you can do it by making a list of gears and accessories you want to insure. There are many insurance providers who cover everything right from instruments to cases when you take a comprehensive insurance plan from them. However, you should clarify the same beforehand. It will help you to choose a plan according to your needs. ●Make sure to get the appraisals done before talking to your potential insurance service provider. It will help you to get the right value for your instruments. An important tip - When looking for an insurance company, considering multiple options is recommended by experts. When you have multiple options in hand, it becomes easy for you to compare different policies and then choose according to your specific needs.