Musical instruments are quite expensive these days. Whether you earn a living through your musical instrument or play it on a part time basis, it is extremely important that you take care of your musical instrument. No matter how careful you are, lugging the instrument on a constant basis may increase the risk of causing damage to it. You have good news, since it is possible to get musical instrument insurance to cover your precious instrument now. But you need to keep in mind a few important tips when obtaining musical instrument insurance. Here are some of the most important tips in this regard.
Different Types Of Insurance Covers For Musical Instruments
You need to peruse the different policies available and select the best policy to cover your requirements. Remember that all policies are not created equal, hence you may have to conduct some research in this regard. If you are in search for public liability insurance for music events, the more advance types of policies will cover it, but not the basic types of covers. If you are a performing musician, a public liability insurance is vital for you. This will cover the worst that happens before or after an event.
Whether you are a member of a band or a solo member, a liability cover of at least $1 million is essential. A $2-5 million cover would be a great option if you have the means to do so. Accidental damage, theft or loss are included in almost all types of musical instrument insurance or coverage. You will need to check how much of coverage you will be getting, and whether there are restrictions or limits. Most covers offer a replacement instrument or allow you to hire a replacement until your instrument is repaired or replaced.
If you are traveling a lot, it may play a big part in the lifespan of your musical instrument. Check whether the insurance provider is offering musical instrument insurance Europe or even worldwide.