Instrument insurance question

Discussion in 'Band Management [BG]' started by 40Hz, Jun 24, 2019.

  1. 40Hz

    40Hz Supporting Member

    May 24, 2006
    We’re shopping for a new insurance carrier for our gear. Our homeowners has notified us they will no longer be offering a carrier for musical instruments. So after a lot of research, policy coverage comparisons, and web checking we’ve pretty much narrowed it down to getting it through a company called MusicPro Insurance.

    Question: does anybody here use (or have formerly used) them and what is your experience with them and their service.

    Thx! :)
    RyanOh likes this.
  2. B-Lo

    B-Lo Bassist, Drummer, Sound Tech, part time Ninja... Supporting Member

    Jun 16, 2017
    Northern Alabama
    I haven't personally used them, but I'm thinking about it after reading TB'ers mention them in other in the Praise and Worship Band thread.
  3. Ed Fuqua

    Ed Fuqua

    Dec 13, 1999
    Columbia SC
    Chuck Sher publishes my book, WALKING BASSICS:The Fundamentals of Jazz Bass Playing.
    I use Clarion. I'm given to understand that even if homeowner's offered a carrier, if they could prove ANY type of "professional" use, they could deny the claim.
    buldog5151bass likes this.
  4. buldog5151bass

    buldog5151bass Kibble, milkbones, and P Basses. And redheads.

    Oct 22, 2003
    Unless the policy specifically says it will pay if the equipment is being used while getting paid, expect they will disclaim. Read the policy, don't rely on what someone tells you.
  5. Paulabass


    Sep 18, 2017
    My insurance company says my stuff is insured IN MY HOUSE, or in my car if it's not being used for professional purposes. That to me sounds vague enough that they can easily deny a claim. How do they know what you are using it for? What if my instruments are in my house, but I had a gig last night? Is a backyard party 'professional'?
    Too many variables to just blindly assume you are insured.
  6. buldog5151bass

    buldog5151bass Kibble, milkbones, and P Basses. And redheads.

    Oct 22, 2003
    If a home owner policy were to cover for gigs, the premium would be a lot more.
  7. fdeck

    fdeck Supporting Member Commercial User

    Mar 20, 2004
    Madison WI
    HPF Technology LLC
    If you paid taxes on music income, or claimed the instruments as a business expense, then there's a record of it.
  8. JRA

    JRA my words = opinion Gold Supporting Member

    when i ran some music businesses i had business insurance because that's what you do when you're in business! if music is not your business, but you do it anyway ("i'm a pro") = you take your lumps/losses. IME: homeowner's insurance is limiting if you play out for money...but we all do it.
    ELG60 and buldog5151bass like this.
  9. ELG60

    ELG60 Supporting Member

    Apr 26, 2017
    I analyze insurance policies as a function of my profession. There are usually exclusions or severe limitations on gear used for business purposes, even if the loss is unrelated to that business. Each individual policy must be evaluated on its own, however. I suspect that you would be better off with a business policy from a company which specializes in your type of business.

    Edit: In this case, I'm referencing the type of Homeowner's Policies which I typically encounter (HO-3's, HO-6's, etc.)
    Last edited: Jul 4, 2019
    buldog5151bass likes this.
  10. ThePez


    Apr 19, 2000
  11. RyanOh

    RyanOh Gold Supporting Member

    Jun 10, 2016
    Rhode Island, USA
    Hi @40Hz curious to hear your experience if you ended up going with MusicPro. I have to find a similar solution and keep coming back to MusicPro -- hoping it worked out for you.

    @ThePez Did you end up getting a policy?

    I understand some use homeowner's policy but that is not an option for me. The coverage limits are too low.
    Last edited: Nov 18, 2020
  12. acid bass

    acid bass Supporting Member

    Apr 2, 2010
    I've had instrument insurance for years and never had to use it (thankfully) so take that for what you will. But I recently switched from Clarion to MusicPro because Clarion was getting too expensive. For about $25K of coverage Clarion was asking for $100 more per year than MusicPro. I'm not sure what they take into account, but I know that Clarion started raising my premium as I accumulated more and more pedals.
    makaspar and RyanOh like this.
  13. mike o

    mike o

    Jan 3, 2009
    Monroe, GA