Tag: Coverage

How Does Instrument Coverage Helps Musicians

music instrument
by Jon Delorey

All equipments instruments and related accessories are quite expensive and as a professional associated with music industry it is your job to take necessary steps to se cure and safeguard your precious possession. Looking at the price and value of the instrument replacing or repairing every now and then is not at all possible. Even established music professionals who are playing in fortune suggest securing your precious belongings through right kind of plan generated by reputed firms.

The basic concept that applies to music fraternity is to purchase insurance before the disaster strikes from either of insurance providers that specialize in Music Instrument Coverage. While purchasing the insurance policy ask your insurance vendor to include the cost of the accessories along with the cost of the music instrument while generating the policy for that particular instrument. When you carry microphone, associated accessories as well as your favourite numbers collection along with your number; the total value of the whole lot adds up surprisingly. If the entire lot is misplaced while travelling and you have only purchased a plan for the instrument can cause a financial strain on your pocket. Replacing or repairing gears every now and then is not possible as when it comes to cost they too are quite expensive.

Insurance Coverage for musical instruments covers all those aspects that are typically encountered by the musicians. On an average musicians travel a lot attending concerts, events and even live shows; hence make sure to include the term worldwide. With certain instruments accessories are must, hence while asking your insurer to plan Acoustic Guitar Insurance, make sure that he has included the cost of the accessories in it.

When you are taking your entire troupe with you, insurance vendor will make sure to cover sound system, Amplifiers and entire set of accessories. Most of the insurance vendors take necessary actions as a good will in order to retain their customers.

Musicians of all types and levels should make sure to cover their prized possessions as soon as they purchase it against all possible threats. These precious items are prone to damage and threats whether at home or while in transaction so that they can reach their venue. They can be stolen, burnt through fire, can get damaged or misplaced while transaction and while at home they can be destroyed through fire or natural disaster.

Mind it, the condition of the instrument is a major determinant factor against the value for coverage, hence it is advisable to cover delicate and fragile instruments as soon as you own a piece.

In case your instrument is lost, or damaged or even theft taken place contact your firm and talk about the nature of loss. He will be the right person to guide you for the necessary action that is to be taken regarding the claim. There are arrays of insurance providers that have an expertise in taking Music Instrument Coverage; take their expert advice for having a right coverage

In this article author makes the readers understand the necessity of Instrument coverage and Acoustic Guitar Insurance in the life of musician; and the terms and conditions that are required to be included in the final deal.

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June 23, 2016     0 Comments   , , ,

Music Instrument Coverage – Five Things That Make a Great Plan

music instrument
by Photos By Clark

As a musician you are aware of the importance of insuring your musical instrument. From loss of the instrument to damage, the risks associated with the profession are many. Modern performers face new set of challenges that musicians in the past would have seldom faced. You can be held liable for an unfortunate incident that takes place during your performance or inside your home music school. This is the reason most musicians and event organizers opt for liability coverage in their insurance plan. Coming back to your musical instrument, you need to be extra cautious while buying an insurance plan that offers you adequate coverage. While there are different types of instrument coverage being talked about, here are five things that make a great plan.

1.Risks Covered – Before buying an insurance plan for your instrument you need to take a look at the risks covered under the plan. Your instrument can be damaged on stage or during transit. Similarly you may lose it from your home or while it is being handled at the airport. A good insurance plan needs to cover all such risks and offer you complete peace of mind.

2.Valued At Insurance Coverage – This is one of the most important aspects of any insurance plan. The ‘valued at’ clause defines the amount of money for which your instrument has been insured. The same amount would be paid to you as compensation in case of loss and complete damage to the instrument. It serves better than replacement cost as it is predetermined and doesn’t require any negotiation in the event of loss.

3.Worldwide Coverage – Read into the finer lines of the insurance plan and see if it places any restrictions based on geography. Music knows no boundaries and you may tour the world to entertain people. So you must choose an insurance plan that offers you worldwide coverage and doesn’t restrict the benefits within a certain geographical area.

4.Replacement Coverage – Imagine a situation when your instrument is being repaired and you have to perform at an event. In such circumstances you would have to hire an instrument which can burn a hole in your pocket as such charges are pretty steep. You need not worry if you have replacement coverage as this would bear the cost of hiring an instrument while yours is being repaired.

5. Business Interruption Compensation – The risks associated with your instrument goes much beyond repair and replacement cost. There are situation where loss of damage to an instrument may prevent you from performing and lead to financial losses. A good musician’s coverage would offer take care of your loss of income in such situations.
Any insurance plan that fulfills these five parameters would take care of all the risks associated with your instrument. Apart from these there are many other additional protections that you can opt for and these include Inflation protection and partial loss/damage protection. A good music insurance company would offer you all these protections and help you mitigate all the risks associated with your profession.

Author is an insurance agent with over a decade-long experience. He helps musicians choose the best instrument coverage.

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May 16, 2016     0 Comments   , , , , , ,

Music Teacher Insurance – Buying Coverage Policy for your Wealthy Profession

music instrument
by Rdoke

What would happen if your instrument gets break down while teaching in your music session? If any individual wishes to insure his/her musical instrument for longer term, it is rightly advisable to purchase a correct insurance policy. It would not only save the instrument but also the owner’s profession with entrust. Music Teacher Insurance would save the teacher from third party liability that would include third party liability, loss due to breakage, theft or any other which might cause harm to their instrument. There are few music teachers and instructors who take care of the instrument along with their profession in first place.

Are you thinking that it would be too expensive for you to buy? Here is when you get wrong notifications. Being properly prepared in your profession is the key to success. Imagine that what would you face if your only instrument gets damaged in middle of the sessions; while coaching the students? While coaching to a couple of students at your place; big room at the back side you would never know if any legal claim enters into your happy business. Experiences teachers also guide the music learners and the instructors too to equip their assets with safety coverage. Insuring the instruments with adequate amount and also that covers equably from the legal & public liabilities would surely be a wise decision. The companies have fixed rate of premium amount which needs to be opted for while you plan to purchase the insurance for music instrument. These days the level of unsurety is any business is growing high and so if a student mistakenly damages the instrument. Repairing at times might cost more dollars

At times, not all the policies cover the major of the liabilities faced by the instrument owner, so you need to take care while purchasing it. There are a myriad of insurance companies in the market who have been working for music industry which includes orchestras, bands, music bands, associations, music instructors closely and so they have been tailoring policies for these audience. Whether you’re a teacher working from home or opting for coaching in school, insurance would save from accessible risks that might harm your teaching.

String Instrument Insurance would save the sensitive instrument from dangers such as:

– Personal Accident
– Public Liability
– Professional Indemnity
– Other Liabilities

The public liability insurance would save you from the dangers prone outside the house when you carry the instrument for shows or while travelling. Whilst we all hope that no such claim risks your beloved profession but while insurance coverage with you, be rest assured. Securing your assets has been prized possession since ages and now, people are getting aware of securing their small as well as big assets for protection. Select the best company which offers customized solutions which is worthy enough and can safeguard your instrument in right way.

The author describes about the liabilities faced by music instructor regarding his/her profession and also the instrument and so advises to purchase Music Teacher Insurance which covers major of the liabilities.

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February 23, 2016     0 Comments   , , , , , , ,

Music Instrument Coverage: A Perfect Measure To Counter All Unforeseen Threats

music instrument
by N.Calzas

In this write up, we will talk about the nuts and bolts as well as specific requirements of music studio or recording studio owners. The reason behind picking up this sector for this write up is because it is one of the professional domains where insurance coverage is picking up at a fast rate. A fully equipped and well designed recording studio holds some of the most expensive and best quality musical gears. All of us are well aware that musical instruments and equipments are quite delicate, and the studio owners have to shed a considerable amount of finances while they plan to establish a well equipped music studio. Thus, these studio owners take necessary measures regarding safety and security of their professional ventures by purchasing a Music Studio Coverage before the news of some unsolicited incidence taking place in the studio premises comes to their ears.

The basic fundamental while establishing any business venture is “Earning For Living”; and music studios also abide to the same concept. Thus, protecting their musical gadgets, equipments and other tools necessary for smooth functioning of the recording studio is the prime concern of these dashing entrepreneurs. In order to justify their investment and attain full results against their investments, during initial stage these music professionals set up home based recording studios that serves the purpose of a music studio where recording and mixing of musical compositions can take place as well as music tutorial classes. These home based studios are equipped with small scale and comparatively less expensive music gears. With the enhancement in their business, these Music studios are also upgraded at professional level by including sophisticated and latest musical instruments, equipments as well as mixing and recording equipments.

In due course of time, the value of these musical instruments and equipments declines; thus it is quite vital for the music studio owners to purchase dedicated Music Instrument Coverage policies; so that instruments and the accessories can be easily replaced and repaired. These music studios are quite significant in shaping the professional career of solo performers, composers, live bands, producers as well as orchestras. All of these professionals keep on visiting music studios for rehearsal, recording as well as practice.

In such cases, If the instrument is damaged studio owners have to pay a ransom amount for repairing these gadgets. If they are beyond repair, they have to replace them with a fresh new piece. Besides, natural disasters as earthquake, tornado and heavy rains also act as a spoilsport. If the rainwater enters the premises, can damage audio, recording as well as video equipments apart from the musical gadgets present there.

Having a right kind of insurance policy is a one stop solution for all these problems. With the availability of internet, there is an ease of searching an insurance vendor which has capacity of all these issues. Hire an insurance vendor that you find is capable of dealing your requirements at ease.

Challenges faced by music fraternity are quite peculiar and different, and this keeps professionals associated with this industry are always worried about safety and security of their instruments and equipments.

In this article author give the reason behind growing requirement of
Studio Coverage by Music Studio Owners, and how Instrument Insurance does helps studio owners and event management professionals.

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February 17, 2016     0 Comments   , , , , , , ,

Significance Of Instrument Coverage Among Professionals Associated With Music Fraternity

music instrument
by David J. Mitchell

Musicians of all genres and type are passionate towards their instruments, eager to create history through their soulful rhythmic compositions. While a flawless and classic music instrument is something that helps musicians into composing masterpieces, hence is considered to be the heart and the soul of these musicians community. Gone are the days when music was deemed just as interest with no scope. Since the arrival of great music personalities John Lennon, The Beatles, Paul Stanley along with another famous musician and their success stories, the description of music has been modified from mere to special.

We are well aware that nowadays the economy off the track, musicians of all genres has understood the importance of securing their instruments as they are well aware that have invested their hard earned money in acquiring them. These instruments are quite delicate, and have to be secured under all circumstances; as they cannot be either exchanged, replaced or repaired frequently in case they are damaged or lost. This gives enough reasons to solo artists, performers, studio owners and even repairers to contact insurance vendors so that their precious assets can be wrapped under appropriate kind of security coverage.

Now, the basic question is “Why I need insurance coverage?” or “how insurance can will help during live performances?” Such feasible or possible alternatives are being inquired a lot by most of the musicians as well as instrument owners while they are insuring their instruments for the first time. Being an orchestra lead, you and your fellow members might be travelling along with a vast collection of instruments, that too of various types; and if either of the instrument is misplaced while being transacted or been damaged during transaction can turn out to be a matter of disappointment. In live performances each and every instrument has a vital role to play, and in the absence of either of them the entire outcome is affected.

Insurance firms understand very well the concerns of all set of professionals associated with music and entertainment sector, so have introduced Instrument Coverage which has an ability to counter such issues flawlessly. Whether you are a music studio owner or an individual performer, all issues regarding the safety or security of instruments can be catered through this particular instrument. And once free from all worries regarding your instrument, you can concentrate in uplifting your professional skills.

Great challenges are faced by music professionals while they are attending performances and concerts. There is a possibility of hurricane or heavy lash of rains during the concert where you are one of the performers. Imagine, as soon as you started performing in an open area, heavy rains with lightening takes place. Audiences and attendees will run here and there to save themselves, and with such stampede like situation some of the attendees stepped on your precious instrument. Consequently, your instrument is in pieces. Here, if you or the event organizer has acquired Viola Insurance before commencement of the show, your instrument can be replaced and repaired without issues.

If you have not acquired a right kind of insurance plan for your instrument till date, it is been advised to connect with established musical insurance vendors and wrap your instrument.

In this write up – author explores the benefits of acquiring Instrument Coverage by Music Studios; and how Viola Insurance helps solo artists and performers.

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February 13, 2016     0 Comments   , , , , , , ,