A lot of musicians do not insurance their equipment, some believe they are careful and vigilant enough that their beloved equipment will not get damaged or stolen. It is certainly good practice to care for and cherish your instruments, and simple steps to keep them safe such as always using a dedicated hard case, never leaving the items anywhere they can be stolen and keeping the instruments out of the hands of children.
However, all it takes is one lapse in concentration and it could lead to a very expensive mistake. Guitar straps have been known to break and the instrument falls to the floor, you may slip while carrying your beloved trumpet or get over enthusiastic and push your foot through the bass drum.
If you have no instruments because they are stolen or damaged beyond use then you will have to beg, borrow or steal in order to play that lucrative gig you have been offered. By insuring your instruments you are will be confident that they will last you your entire musical career, or until you want to replace them with a newer and shinier model.
Your instruments may have just been bought from the shop or you may have being strumming and blowing them for many years, but do you actually know the value of your instruments?
It is important to insure your musical instruments for the correct value. Under insuring your instruments could lead to a lower payout than you are expecting in the event of a claim or, even worse, having the claim thrown out all together.
Values of items fluctuate over time, some items will see their value rise while other items will see their market value drop. It is worth checking the value of your items on a regular basis.
Visit your local music shop and ask for a valuation, some shops will do this for free while others will charge a small fee. For expensive items we would need sight of a valuation that is no older than 3 years.
Or check the market price of your instrument. Remember that your instrument may no longer be being produced, in this case you should find out which model is the nearest modern equivalent.
Update your insurance policy regularly, this will ensure that your instruments will be fully insured for their true value in the event of a claim.
Look after your instruments, this will keep the value consistent
Our policies are directly listed to total sum of the items you insure, keeping the values up to date allows us to offer the best premium for your instrument.