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Alembic Club » Miscellaneous » Archive: 2005 » Archive through October 17, 2005 » Archive - 2004 » Archive through August 07, 2004 » Question on Equipment Insurance « Previous Next »

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paulcissa
New
Username: paulcissa

Post Number: 9
Registered: 7-2004
Posted on Thursday, July 29, 2004 - 12:58 pm:   Edit Post

I considered this many years ago and never went forward with it. I'm curious what other musicians in the forum are doing about insuring not just their guitars, but amps, cabinets and other gear.

I was told by my homeowner carrier that they would have to write a rider for each peice and the cost was rediculous. Any thoughts and/or suggestions?

Regards,
-Chris
lowlife
Intermediate Member
Username: lowlife

Post Number: 101
Registered: 12-2003
Posted on Thursday, July 29, 2004 - 1:12 pm:   Edit Post

Sounds like what I discovered a few years ago. Each piece of my gear is covered by an individuall rider. I supply a written estimate of the replacement cost, along with the serial number and a photo(s) and they charge me 15% of the replacement cost. The coverage includes vandilism, theft, fire, flood, acts of G_D, even mysterious loss.

Expensive, YES!!!!
Worth it, YES!!!! (for me)

Ellery (Lowlife)
davehouck
Senior Member
Username: davehouck

Post Number: 764
Registered: 5-2002
Posted on Thursday, July 29, 2004 - 6:17 pm:   Edit Post

Ask your agent about a commercial inland marine policy.
bob
Advanced Member
Username: bob

Post Number: 280
Registered: 11-2002
Posted on Thursday, July 29, 2004 - 6:47 pm:   Edit Post

There are some other suggestions here, with a link to another thread with more info.

Since not all of us are professionals (musically speaking), it's worth repeating that a lot depends on whether you get paid to play. I don't, and my Allstate replacement-cost homeowner's policy has no limit on musical instruments. I really grilled them on this, and I'm fully covered even if it gets stolen or demolished while in my car, with no need to supply serial numbers, photos, or prices in advance.

Oddly, the same applies to my stereo (worth more than my car), yet I did have to get itemized coverage for a bunch of photography equipment... go figure, but don't hesitate to ask careful questions, you never know.
kungfusheriff
Intermediate Member
Username: kungfusheriff

Post Number: 122
Registered: 8-2003
Posted on Thursday, July 29, 2004 - 10:24 pm:   Edit Post

A few months ago, when I was in the process of getting new auto insurance, I asked for a quote on renters' insurance that included the full replacement value of my little family of four instruments (which has since shrunk to two) including my rare Series II. The dollar figure was about $150 US per year.

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