Musical instruments are over thousands of dollars, and whether you are part of a school parading band or an expert opus pop group, acquiring musical instrument insurance is a countless asset. Instrument insurance is better to compare to repair or replacement of these instruments if they are spoiled, lost, or taken. Most insurance corporations cover a wide variety of instruments from guitars and harps to cables and audio gear.
If you are bearing it in mind to go for musical instrument insurance, it is vital to select the right one for your needs. Six (6) insurance providers are listed below based on significant criteria like price, policy decisions, field exposures, and convenience.
The Best Musical Instrument Insurance in 2021
- Overall Best:Anderson
- For Students:Traverse
- Best for Collectors: Heritage
- Best for Travel Protection:Huntington T. Block
- Best Budget Choice:American Federation of Musicians
- Best for Electronic Gear:MusicPro
From the listed option you can go for any based on your current budget, occupation, or level of education. In addition, you can consider taking life insurance for yourself also.
Frequently Asked Questions
At the least, the insurance cover repairs of your equipment if they are damaged by peril, such as fire, water damage, earthquakes, vandalism, and theft. If your equipment is destroyed, you will be repaid for the cost of a replacement. Some insurance companies also cover your instruments during transport and extend coverage to instruments that are borrowed, or rented.
The cost of musical instrument insurance hinges on a few things, like the brand of instrument, the worth of the instrument. In addition, some insurance companies charge more than others do. Generally, insurance can cost from a few dollars per month to several hundred dollars per month.
Like any valuable item, musical instruments can easily be damaged or destroyed. Without insurance, you are accountable for mending or changing your musical instruments in case of loss. Insurance can offer peace of mind knowing that your instruments are covered under most conditions, and if anything happens, you are not monetarily responsible.