Whether you're a professional musician, a music teacher, or play in a garage band, owning a musical instrument often represents a significant financial investment. Grand pianos and rare violins can cost small fortunes, and even a decent guitar or trumpet isn't cheap. If you've invested in a quality instrument, it may be appropriate to protect that instrument with musical instrument insurance.
Musical instrument insurance is tailor-made for protecting instruments. Policies are available for a wide range of instruments, and can protect against an array of perils.
Anyone who owns a valuable musical instrument should consider purchasing musical instrument insurance. This includes professionals, non-professionals and organizations that own instruments. Some specific examples of who might purchase this type of coverage include:
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In addition to insuring instruments themselves, policies often also cover associated accessories. Depending on policy terms, coverage might include stands, cases, covers, supplies (e.g. resin, reeds, etc.) and other items.
An insurance agent who specializes in music policies can help check whether a policy covers a particular type of instrument. It's particularly important to check when insuring a less common instrument, such as a didgeridoo or bagpipe.
Musical instrument insurance policies may offer protection against a range of risks that could lead to significant damage or total loss of the insured instrument. Policies may cover incidents such as:
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Most homeowners policies offer a certain amount of coverage for instruments that aren't played professionally. Coverage can be fairly limited, but may be sufficient for an inexpensive instrument that's used only for personal enjoyment.
Should a personal instrument exceed the limits of a homeowners policy's instrument limit, a musical instrument policy can provide more substantial coverage. A music instrument policy is especially helpful in these situations, as many instrument policies both provide higher limits and cover accidental damage. Homeowners policies are less likely to cover accidental damage.
Homeowners policies generally don't include coverage for business equipment as a standard profusion, and an instrument that's played professionally might be considered business equipment. In this case, a music instrument policy is likely needed.
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A musical instrument generally should be fully insured whenever the instrument is being moved between locations, such as to/from gigs, while on tour, or when attending other events.
If you need insurance for a musical instrument, explore the music instrument insurance options offered by Insure My Equipment. You can review policies directly on our site, and even bind (purchase) a policy if you find one that meets your needs.
“Best insurance company for all my gear! The customer service is amazing and they help me with all my last minute needs.”
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“Insurance is the last thing I want to worry about. IME has made it so that I really do not have to worry at all! The customer support is quick and we were guided through what usually is a very confusing process. Highly recommend!”
“IME is user-friendly, providing an efficient process to get things done. Whenever I’ve had questions on policy, or just needed coverage advice, their rep not only responded to my questions quickly and accurately but took the time to offer extra helpful advice and direction on some more involved issues.”Against the backdrop of the current economic challenges, we understand the importance of ensuring your musical instrument insurance is cost-effective and that the cover you have is reflective of your current needs. We’ve pulled together our latest guidance on everything you need to consider when figuring out your sum insured and the level of cover that suits you best.
You may have read our article on ‘How much should I insure my instrument for?’ where we shared information on the key points to consider when figuring out your sum insured, and what happens if you need to make a claim. Knowing some of the challenges musicians face in today’s world, we wanted to follow up with an update on checking the details of your musical instrument insurance, making sure you are happy with the level of cover you have, and that it is reflective of your current circumstances.
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We understand that things can change, and that sometimes making changes to your instrument insurance policy can be missed. In recent years the music industry has had to adapt, and with that the instruments many musicians own have changed, along with how these instruments are used. Some things you may want to consider when reviewing your musical insurance policy are:
It’s important to take a look at what instruments you have, how much you have insured them for, and the level of cover - to make sure you are satisfied that everything is up to date. If we take the example of where you are performing, a change from Worldwide to UK only cover could reduce your premium.
Staying on top of any policy adjustments you may need to make due to changing or selling instruments, as well as being aware of the value of these items, is also important. Rising inflation has been a widely discussed topic, and we know that some instruments are increasing in value due to the rising cost of parts, labour, and shipping. You should make sure that you insure your instrument for the amount it would cost to replace it with an instrument of similar condition and value.
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If you have a few moments, take some time to review your policy documents and check that everything is up to date. Should you need to make any changes to your Musical Insurance policy, you can contact us using the details below.
We can also offer standalone policies for Public Liability and Personal Accident insurance. As your musical journey evolves and changes, you may wish to consider if these types of cover are relevant or required for your current needs and activities as a musician.
We're delighted to announce the fifth year of our partnership with the Bournemouth Symphony Orchestra (BSO), supporting the incredible work they do to enhance lives through the power of music.
Musical Instruments Insurance
We’re supporting our existing customers who have insured a musical instrument with us and are welcoming people displaced by the conflict in Ukraine into their homes as guests.No matter what guitar you play; bass, electric, acoustic, lapsteel/pedal steel guitars, or anything in-between, our cover will help keep your guitar and accessories protected if the worst should happen.
If your guitar is stolen from your home or studio or has suffered damage to the headstock whilst setting up for a rehearsal session, is there to help you. Our cover includes theft and accidental damage, vandalism, and attempted theft. Security requirements apply.
We understand what your guitar means to you, which is why we offer genuine new for old replacement, and we don’t depreciate the value of your guitar when you make a claim.
Musical Instrument Insurance From £3.19 Per Month
If your latest gig takes you abroad or your guitar just simply goes where you go, no problem. We automatically include UK-wide cover and up to 30 days of worldwide cover for your insured guitar. Our Global Travel option can take you and your kit abroad for longer with 365 days worldwide cover.
Keep your guitar safe when you're on the road. We automatically include In-Vehicle Cover and up to £300 cover for damage caused to your vehicle at the same time as the theft or attempted theft of your insured guitar. Storage and vehicle security requirements apply.
If you’ve had an accident that's keeping you from performing, then you shouldn't have to be out of pocket. We can offer up to £800 to cover the loss of your music-related earnings as a guitarist. Cover only applies to pre-booked music related earnings.
Musical Instrument Insurance Quotes And Cover
If you’re making a claim with us but still need a replacement guitar, then don’t worry. It’s covered as part of our claims service, with up to £2, 000 of guitar hire available if you need it. Cover applies in the UK, with up to £250 claims hire cover abroad available with our Global Travel option.
Global Travel - If you are playing abroad, then you can extend your policy to include 365 days of worldwide cover and £250 claims equipment hire. Proof of hire required.
£5m or £10m Public Liability - You can increase your liability cover to either £5m or £10m and choose to extend the cover to include up to four partners who work alongside and support. Excludes North America.
Musical Instruments Signature Insurance
Mechanical Breakdown- Covers repair costs to electrical gear (less than five years old) that breaks down outside of its warranty, so you’re not left empty-handed for your next set. Excludes computing equipment.
Are you a dorm room DJ or do you spin the decks for a living? Our cover can help whether you're in public or at home.
If you play in the string section, then you may travel a lot. Our music insurance can protect you when you’re on the move.
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We know how important the drummer is to any band. Our cover will help protect your drum-kit, so that you never miss a beat.
Unlike the violin, viola, and double bass, the guitar is played by plucking strings rather than bowing. Traditional string instruments are played with a bow. Nevertheless, guitars and the string instruments that you’d find in an orchestra are grouped together in
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