Insurance

[michael sam wild]

My home insurers are quibbling about value of concertinas. is it best to get a valuation at current replacement value rather than a receipt from original purchase. After renovation they can go up a lot in value.

Also if I go away I'm always conscious of how vulnerable we are, they are easy to take away aren't they?

[Geraghty]

We've just recently insured our instruments with our home insurance policy; it was pretty easy. For the Dipper I presented the receipt; for the other two they just took my word on their value and I used the rough purchase prices. I figure every couple of years I will probably adjust their insured value.

 

If you're worried about theft when you're away you could always get a safe and lock them inside it - harder to take that away!

[Dave Weinstein]

I use a specialty company for instrument insurance, for a few reasons.

 

First, at least in America, if you make a claim against your Homeowners policy, they are likely not to renew you.

 

Second, the rates and deductibles are easier when dealing with a specialized policy.

 

Third, the Homeowners policy rider (and here at least, you need a rider, or you aren't covered at all) doesn't cover you for performances.

[Steve Mansfield]

I've got my instruments insured with New Moon, through a recommendation on this very forum - theft from unattended vehicles is included, full replacement value, and no problems about taking instruments out for sessions and gigs. I was prebviously with another company and New Moon offer the same cover for about half the price.

 

Household contents policies will often only cover instruments whilst they're in the house, which is great for collectors but not so good for players!

[Geraghty]

I use a specialty company for instrument insurance, for a few reasons.

 

First, at least in America, if you make a claim against your Homeowners policy, they are likely not to renew you.

 

Second, the rates and deductibles are easier when dealing with a specialized policy.

 

Third, the Homeowners policy rider (and here at least, you need a rider, or you aren't covered at all) doesn't cover you for performances.

 

Dave, may I ask what company you use? I went with homeowner just because we happened to be buying a home and they offered instrument coverage, but it's easily changed. They do cover the instruments outside the home when you specifically insure them, and are insured against loss, theft, and damage wherever they are.

[tombilly]

First, at least in America, if you make a claim against your Homeowners policy, they are likely not to renew you.

 

Wonderful system, isn't it

[michael sam wild]

Thanks for all the advice. On Melnet it seems to be NewMoon in UK. he's a member too!

 

Joe Carne , even gave 01 number too. 01892 600 716

 

joe.carne@newmooninsurance.com

 

http://forum.melodeon.net/index.php/topic,1514.0.html

 

 

I think I will build a bunker too (seriously) but then they may blow up the house!

[Dave Weinstein]

Dave, may I ask what company you use? I went with homeowner just because we happened to be buying a home and they offered instrument coverage, but it's easily changed. They do cover the instruments outside the home when you specifically insure them, and are insured against loss, theft, and damage wherever they are.

 

On the advice of a local luthier (who is insuring far more valuable instruments than I am -- the value of high end violins, cellos, etc, is astounding), I use Heritage Musical Insurance.

 

http://www.musicins.com/

 

--Dave