Streetsmart insurance Blog
Musical instruments can be expensive! With prices ranging from hundreds to thousands of dollars for professional equipment, it’s no wonder that musicians work hard to protect and take care of their equipment.
If your musical instrument is damaged, stolen, or destroyed, musical instrument coverage can help you replace your equipment without going into debt. Whether you’re a talented professional or a young music student, Street Smart Insurance has a wide variety of options to help you protect your assets.
How Can I Get Coverage For My Musical Instruments?
There are multiple policies that musicians can purchase to protect their instruments. If you are a homeowner or a renter, you can add an endorsement to your insurance policy that will cover your instruments. This is the perfect option for policyholders who practice and perform music as a hobby.
Unfortunately, homeowners insurance and renters insurance policies will not provide enough coverage for professional musicians who own expensive equipment and custom instruments. A business insurance policy can provide professional musicians with the right amount of coverage for their needs without limiting the number of instruments they can add to their policy.
What Steps Do I Need To Take To Insure My Musical Instruments?
Determine The Value of your musical instruments so that you can find the right policy for your needs. If you own an inexpensive instrument, you can look up the retail price of that item to determine what it would cost to find a replacement. If you own commercial equipment or custom instruments, you may want to get an appraisal so that your insurance agent can price your policy appropriately.
Talk With Your Agent to find the right amount of coverage for your instrument. If a homeowners, renters, or business insurance policy will not provide you with enough coverage, your agent may recommend that you purchase a separate insurance policy.
Street Smart Insurance is committed to providing affordable coverage. Whether you are looking for your first homeowners insurance policy or you are shopping for a better price, our agents are ready to help. Call us at 732-462-8343 for a free quote!