Seems like a lot of Saxophones are being ripped off per many posts on these forums. Anyone have insurance on their horn? How much does it cost on average? Thanks.
The insurance policy for my instruments explicitly does not cover theft when the instrument was left in a car. It also does not cover revolutions, nuclear reactions, and violent strikesOver 90% were stolen out of their car. The lesson I learned from that - don't leave your horn in the car.
Seems like a lot of Saxophones are being ripped off per many posts on these forums.
No, it's based on being a responsible adult and doing ones best to cover their bases for when and if something bad happens. That said, I see a lot of people go to gofundme.com when the unexpected happens.insurance is based on fear....
Same here. Been with them for several years for all my musical equipment; saxes, P.A. and keyboards.I use Clarion
Agree with what?I agree, but I also have no problem helping others in need.
Musical instruments, as well as furs, bullion, jewelry and firearms have coverage limits. Check your policy jacket specific to your HO insurance. Scheduling property will protect it off-site to it's full amount with a set deductible which may vary from your actual HO deductible. Although you're covered for 10% off-premises, the limits still apply. Business and professional equipment is NEVER covered by a HO policy, so if you main gig is a musician, get instrument insurance.From the commonly used form HO 00 03 04 91:
COVERAGE C - Personal Property
We cover personal property owned or used by an
"insured" while it is anywhere in the world. At your
request, we will cover personal property owned by:
1. Others while the property is on the part of the
"residence premises" occupied by an "insured";
2. A guest or a "residence employee," while the
property is in any residence occupied by an
"insured."
Our limit of liability for personal property usually
located at an "insured's" residence, other than the
"residence premises," is 10% of the limit of liability for
Coverage C, or $1000, whichever is greater. Personal
property in a newly acquired principal residence is not
subject to this limitation for the 30 days from the time
you begin to move the property there.
Special Limits of Liability...
...8. $2500 on property, on the "residence premises,"
used at any time or in any manner for any
"business" purpose.
9. $250 on property, away from the "residence
premises," used at any time or in any manner for
any "business" purpose. However, this limit does
not apply to loss to adaptable electronic apparatus
as described in Special Limits 10. and 11. below."
The only special limit on your musical equipment would be the above, and then only if the property is used for "business purposes"
There would be coverage for theft, fire, water, vehicles , etc. However it is not all risk (HO 00 15 04 91 would need to be added) so if for instance, you dropped your horn, it would not be covered for the damages sustained.