BarkellWH -> RE: Insurance for Guitar (Jan. 11 2013 19:28:23)
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quote:
Home owners/renters insurance covers against fire/theft etc. it but if you are gigging and/or travel it wouldn't if something happened in that regard. That's the reason I finally looked into, and purchased, insurance specific to the instrument. This type of insurance covers damage and breakage no matter where it is. I occasionally travel on consulting gigs (nothing to do with music) both in the U.S. and overseas, and I sometimes take my guitar in order to have it with me and play for my own enjoyment. Another thing I found out, at least regarding my homeowner's coverage, is that there is coverage on such things as musical instruments and jewelry (for fire and theft), but only in the home and only up to a certain amount (in my case, $10,000). And any deductible on one's homeowner's insurance policy would apply in the case of a damaged, destroyed, or stolen guitar as well. Any damage or destruction above the upper limit will not be covered unless special insurance specific to the instrument is purchased. In my case, to insure my Gerundino, with an estimated value of $12,000, for the full amount of its value should it be destroyed, at an annual premium of $37 seemed like a pretty good deal. Cheers, Bill
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