FAQ:
Is your instrument valuable?
Musical instruments can vary in value from a few hundred pounds to tens of thousands of pounds. Value is subjective and the cost of replacing might not always be in budget at the time.
DOES MY HOME INSURANCE COVER MUSICAL INSTRUMENTS?
Not always and quite often, not outside the home. Single value items can be insured with home insurance, but there are limits so best to check with your insurer. If you are taking the instrument outside of the home is it covered and to what extent?
DO YOU TRAVEL ABROAD?
If you are looking to fly with your musical instruments then quite often they will need to be in the hold. If you have seen how baggage can be handled in airports then you will know that this is a risk. Airlines may or may not cover damage and there may be limits.
WHAT HAPPENS IF I DAMAGE MY INSTRUMENT?
Damage of musical instruments can be costly to repair and in some cases, not financially viable. There is also the risk that the instrument will never play the same again and so may have to be replaced.
WHAT HAPPENS IF IT IS STOLEN?
Players are often taking instruments to rehearsals, shows, concerts or school. Unfortunately, there are many instances of instruments being stolen in these environments.
WHAT HAPPENS IF I LOSE THE INSTRUMENT?
There are lots of stories of highly valuable musical instruments being accidentally left on public transport and never seen again.
WHAT TYPES OF INSURANCE ARE THERE?
There are really only two types of insurance that people consider with musical instruments.
– House Contents insurance
Mainly covering items within the home, single valuable items such as musical instruments can be covered for accident and theft. There are some policies that will cover these items outside of the home also and it is best to check with your insurer as to the limitations.
– Specific Musical Instrument Insurance
These are policies that are designed specifically for those people owning and travelling with musical instruments. They generally cover loss, theft and damage.
IS MUSICAL INSURANCE WORTH THE COST?
Simply Put, YES! There are a few dedicated Musical Instrument insurers, such as Newmoon Insurance, Allianz Insurance. There is even insurance available through the Musicians Union if you are a member. These insurance companies offer a low cost insurance that is specific to Musicians. Their policies are designed to cover most, if not all eventualities that might occur.
London Flutes SPECIAL OFFER
have a special offer through Newmoon Insurance, one of the leading musical instrument insurers, that gives you 12 MONTHS COVER FOR THE PRICE OF 10 MONTHS – To ask for a quick quote then please CLICK HERE
SUMMARY:
DO I NEED MUSICAL INSTRUMENT INSURANCE?
Musical Instruments are valuable not just in themselves but also to the player. The loss of an instrument can be devastating and although money cannot replace this loss, it can replace the instrument. We would ALWAYS advise that you insure your instrument and at such a small cost, it is not worth the risk.