Instrument insurance
edisoned
I'm interested in comparing rates to insure my guitars. I currently am
covered by my renters policy for instruments that I don't use
profesionally. (I don't know how they make that distinction). I have
more than a dozen guitars.
I also have a separate policy for my 1940's D'Angelico which has been
appraised for around $40k. I'm paying close to $200 a year to insure
the D'Angelico.
What are others paying for instrument insurance and any suggestions
for companies that specialize in this.
Thanks
Ed
Al
a P.A., etc. I'm with Heritage. When I compared a handful of years ago
they seemed like the best. Great communication, etc. Some others were
total boneheads.
Tim McNamara
<83acf5c7-1ffe-42b0...@s37g2000prg.googlegroups.com>,
edisoned <jazzbo...@opendoor.com> wrote:
> Hi I'm interested in comparing rates to insure my guitars. I
> currently am covered by my renters policy for instruments that I
> don't use profesionally. (I don't know how they make that
> distinction). I have more than a dozen guitars.
Whether or not you get paid for playing those instruments. If you file
a claim for a loss that happened in a bar or if the roadies crash the
equipment truck, you might have some trouble with your coverage.
> I also have a separate policy for my 1940's D'Angelico which has been
> appraised for around $40k. I'm paying close to $200 a year to insure
> the D'Angelico.
>
> What are others paying for instrument insurance and any suggestions
> for companies that specialize in this.
Googling "musical instrument insurance" comes up lots of programs:
http://www.musicproinsurance.com/instr_main.aspx
http://www.andersongroup.us/musical-instrument-insurance.html
http://www.musicagencyinc.com/
For ASCAP members: http://www.ascap.com/benefits/musicpro.html
Since I don't play professionally, my instruments are covered under a
rider on my homeowner's insurance. But I haven't got an instrument
worth more than $3000, either- most under $1000
sg...@hotmail.com
> In article
> <83acf5c7-1ffe-42b0-b94e-7ef3383e7...@s37g2000prg.googlegroups.com>,
I just played with a great bass player, Morrie Louden, last night
whose $50,000 Bass' neck was snapped by an amp falling on it.
He phoned Allstate and the agent was a guitarist who had a Martin, and
he just got a check for $9,000 to cover the repair, so at least
Allstate pays for that type of thing.
oasysco
I only insured my instruments when I was gigging since my homeowner's
didn't cover me if I got paid. I don't think MusicPro (I think that's
what it wss called) covred my instruments at home. I had some default
value, sy $7500 that I was covered for at home.
Greg
fromsfca
It really depends on coverage you want. If you only want to cover
instruments at home from theft, a rider on homeowners can be one of
the cheapest ways to cover as most homeowners policy already includes
coverage for valuables. I keep all my instrument serial numbers on
file with my agent.
There are separate coverages you have to purchase if you also want
instruments covered when out of the house: I keep my gigging
instruments covered separately for theft and damage and it's more
expensive than my homeowners coverage though not as bad as it was when
I lived in LA. My insurance agent is unaffiliated with any company and
is able to get best pricing from a number of companies.
Though I haven't used it for awhile, the musicians union used to work
with some insurance companies to provide coverage...check out the
union magazine.
Al
on a guitar... no problem.
I talked to Music Pro. They were a bunch of clowns when I talked to them.
I don't trust homeowners policies either. They look at you like, "what's a
guitar?"
Heritage understands the gig.