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November 2012
Posts: 135
Location: New Bern, NC | How many here have a special rider on your home owner's insurance to cover for your instruments? To my knowledge my home owner's insurance does not cover instruments over a certain amount. This is something I need to look into. Also, I often have my guitar with me at the school where I teach, NOT at home. I wonder if my home owner's insurance covers it while I'm at my job. I guess it would be the same thing as coverage while at a gig. Teaching elementary music and private guitar lessons is my "gig." I also wonder what value I'd place on my instruments. I want them covered for their REPLACEMENT value and not what the current market for them is. By the way, I searched the archives on this issue and couldn't find anything on this in the last year. |
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December 2008
Posts: 1454
Location: Texas | Have you considered asking your insurance agent? |
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Joined:
December 2004
Posts: 1673
Location: SoCal | Check into musician's instrument insurance. The coverage and rates are typically better than homeowner's policies. |
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Joined:
November 2012
Posts: 135
Location: New Bern, NC | Standing, of course, but I wanted to hear how others insured theirs or IF they have a special policy for theirs. My insurance is drafted automatically from the escrow account of my mortgage. Once it was set up like that I haven't had a thought about it since. But I really need to, esp. since I'm getting ready to add a new "baby" to my collection!
Thanks, noah, that's a good tip. |
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March 2002
Posts: 14842
Location: NJ | www.musicins.com |
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Joined:
October 2012
Posts: 349
Location: Denver, CO | I tried to purchase a rider for my instruments through State Farm, who carries all my auto and home policies, but was told they WILL NOT cover instruments that are used in bars (?). Thought that was kinda crappy. Now I have my coverage through the Union. Their rates are pretty good, and I know their insurance carriers know musicians and musicians' issues. |
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Joined:
March 2005
Posts: 12759
Location: Boise, Idaho | This came up years ago, and I have a vague recollection of checking my coverage with State Farm and deciding I was OK. There might have been a limit that I have now exceeded, so it would be worth checking again. This is a good topic to consider every few years and it's nice to see that Cliff is still watching out for us. |
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December 2006
Posts: 6996
Location: Jet City | It came up not that long ago too...
http://ovationfanclub.com/megabbs/forums/thread-view.asp?tid=33404&...
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April 2004
Posts: 13303
Location: Latitude 39.56819, Longitude -105.080066 | I use the same as Cliff and several other gigging musicians in the forum.
Covers you everywhere for everything and the rates are reasonable. |
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Joined:
April 2004
Posts: 13303
Location: Latitude 39.56819, Longitude -105.080066 | dwg preacher - 2013-02-28 8:31 AM I tried to purchase a rider for my instruments through State Farm, who carries all my auto and home policies, but was told they WILL NOT cover instruments that are used in bars (?).
Same here...but was told by my State Farm agent that it was any instruments used to make money or for employment purposes. |
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Joined:
March 2005
Posts: 12759
Location: Boise, Idaho |
Thanks Damon. Someday we hope you'll get old and can experience some of those senior moments. Usually it's the short term memory that goes, so I am sure I forgot that we had just talked about this and remembered that we had talked about it a long time ago. |
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September 2005
Posts: 3619
Location: GATLINBURG TENNESSEE :) | I discussed the subject with my agent a while back, and she suggested I add a rider for my musical instruments as a "collection." I'd have to have written appraisals on each instrument though. Instead, I just started selling a bunch of them, so now I don't have enough to really worry about. |
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Joined:
December 2006
Posts: 6996
Location: Jet City | The 2 big ones are Heritage (The one Cliff spoke to above) and Clarion. Seems coverage is comparable but I found Heritage/musicins.com to be a bit more affordable on premiums.
If I remember right, they seemed a bit less pressured to make the sale on the phone too. They're the ones I use too.
Can't speak to the service as I haven't had to use it thank *** (knock on lyrachord) |
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Joined:
December 2006
Posts: 6996
Location: Jet City | Mark in Boise - 2013-02-28 10:04 AM Someday we hope you'll get old and can experience some of those senior moments. Usually it's the short term memory that goes... So far this week I left my glasses at one restaraunt, and my credit card at another.... And there were no drinks involved. |
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December 2004
Posts: 1673
Location: SoCal | There is also Anderson to check out. |
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Joined:
January 2006
Posts: 5881
Location: Colorado Rocky Mountains | AAA, special rider, relatively cheap. |
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insurance
