As a musician, you must know how valuable your instruments are. Not only do they represent a significant financial investment, but they’re also important tools that allow you to create beautiful music.
If something happens to them, you want to be sure that you will be able to replace them. It is, therefore, essential to protect your instruments from damage or theft by purchasing musical instrument insurance.
Important Considerations for Musical Instrument Insurance
When it comes to insuring your musical instruments, there are a few things you need to keep in mind.
1. Note Down the Instruments You Need to Get Insured and Their Values
First and foremost, you must create a list of all the instruments you want to insure. This includes big items like your piano or guitar and smaller equipment like your microphone or amp.
Once you have this list, you must determine the value of each item. This can be done by researching the item’s replacement cost or by getting an appraisal from a professional.
2. Find an Appropriate Insurance Policy
Once you have determined the value of your instruments, you need to find an insurance policy to cover them. You can choose from a few different types of policies, so it’s important to do some research to see which one will be the best for you.
You can get insurance through a music store, an online provider, or a specialized insurer.
Some musical instrument insurance programs cover musical tours and events to protect your investment. See what suits your needs best and go for it.
3. Evaluate the Policy Terms
Once you have found an insurer you’re happy with, you need to ensure you understand the terms of the policy. Inquire about what’s covered and what’s not. You should also see if you’re comfortable with the deductible.
4. Take Good Care of Your Instruments
Getting musical instrument insurance is no excuse to be careless with your instruments.
Clean them regularly, keep them tuned, and avoid overusing them to keep them in good shape for a long time. Additionally, use high-quality traveling cases to avoid damage to your instruments when you’re on the go.
Furthermore, it’s best to tint your vehicle’s windows or buy blinds to prevent people from seeing what’s inside, considering the rise in musical instrument theft. We also recommend against putting band stickers on the vehicle or instruments.
Even at home, you must place your instruments in a safe room in a closet with a deadbolt lock. Installing security alarms on exterior doors is also a good practice.
Your instruments are a valuable investment, and you must do everything to keep them protected.
Unfortunately, many thieves target musicians and bands and are often successful at stealing expensive instruments.
Insurance can give you peace of mind in case something happens to your beloved instruments. And honestly, it’s not a lot of money to spend to protect something you rely on to make a living.