Musical instruments are very personal and special to the owners and haven it stolen is a great loss, however, insurance against that type of theft at least gives the owner another chance to replace the stolen item.
In this guide, we will explain all you have to know about musical instruments insurance, what it includes and excludes, and how much you might need to pay.
Let’s dive in!
Table of Contents
What is musical instruments cover?
Finely crafted musical instruments can be very expensive items, especially in cases where they might have been tailor made for the client. However, just as classic cars and high-end jewelry can be insured, so can musical instruments. By getting an insurance policy, owners can insure their musical instruments against theft or damage.
What does musical instruments cover can help you with?
Musical instrument insurance cover theft of your musical instrument at your home. Some home insurance providers won’t insure musical instruments, some will. You will be covered for damage, theft, loss.You must chek the single item limit, and declare your value instrument to your home insurer. If you have personal possession, you can be insured out of home.
Specialist insurance will propose a more comprehensive coverage, you instrument will be cover for:
- Accidental damage, theft, loss
- Public Liability
- Personal accident
- Worldwide cover
Does home insurance cover musical instruments?
With musical instruments, there are two types of insurance that can be gotten:
A Standalone policy who will cover instruments to the full values of it, this is provided by musical instrument specialist insurance companies.
Insurance for musical instruments under Home insurance which can only be provided with single item limit cover. The insurer will have to be informed of the musical instrument value, but sometimes the limit will not be enought to have full protection. Some providers won’t insure musical instrument if you are musical professionnal.
How does musical instruments insurance work?
Usually you are covered for loss, theft and damages that happened to your musical instrument. Your home insurance for your musical instrument works like any insurance products, you have to pay an excess if you are claiming.
Do I need musical instruments cover?
Taking out a musical instrument cover is important as instruments can be easily stolen or damaged. In addition, it’ll take some stress off your shoulders knowing you are insured for your musical instrument.
What are the best insurers to cover musical instruments?
You will find in this table the best musical instruments cover, we also indicated cover limits.
What are the worst insurers to cover musical instruments?
You will find in this table the worst musical instruments cover, we also indicated cover limits.
What should I pay attention to while purchasing musical instruments cover?
When out musical instruments insurance, you must pay attention to:
- The value of the instrument
- The claim limit (is it enought to cover your instrument)
- You must have declared the instrument and its value to your home inusurer
How much does musical instruments cover usually cost?
Contents home insurance usually covers musical instruments. The average cost of combined buildings and contents insurance in 2018 was £163, with contents insurance usually counting for a third of the premium (around £60) and building insurance for the rest (around £110). Adding “personal possessions cover” to your insurance policy will cost you around £50 per year and will allow you to be covered if your musical instrument has been stolen, damaged or misplaced away from home. Many home insurance companies include personal possession in their content policies.
What are the musical instruments policy exclusions?
For musical instruments insurance, cover will not be provided in the case of the following:
- Damage resulting from wear and tear
- Any damage to your musical insutrement accessories such as audio visual equipment, CD’s, tapes and records
- Unexplained loss