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Stolen Benavente SCD5 - Atlanta

#107
well... another shot of bad news, my home-owner's insurance isn't being very coopertive. They are saying that since my bass was used for monetary return (in a business fashion), that I should have had a separate policy. If I wasn't using it for gig$, I would be eligable for an insurance check, minus the $1000 deductable.

I can't put into words how I feel, other than I'm really going to ramp up the search for its return.

Wish me luck.
 
#108
I'm sorry to hear that, but it matches what I heard when checking on my homeowner's policy recently. If I play benefits and don't get paid, my homeowner's coverage (with deductible) extends to my equipment. Any time I get paid for playing, my homeowner's coverage does NOT extend to the instruments or equipment. There are a number of companies that cover musical instruments, usually at a rate of about $10 per year for each $1000 of value. Good thing for everyone to consider and investigate. DO NOT assume your homeowners insurance covers your instruments or gear.
 
#109
After I read this post in the beginning, my heart sank. It made me go to my insurance company and ask questions. I am getting appraisals on all my basses. As soon as Gard and Roscoe sends me the ones for my two Roscoe basses I am getting a seperate policy for replacement insurance.

This has just really opened my eyes. J, I hope you are able to recover your bass soon.
 
#110
Thanks guys... I'm still keeping positive about the situation.

There is a great insurance company that has NO DEDUCTABLE, called Heritage Insurance (PM me for details/phone number)... The guys at Jim's Guitars in Baltimore suggested I get intouch with them, so I did and I'm in the process of covering ALL my gear. I'm not getting put in this situation again!
 
#111
j-raj said:
well... another shot of bad news, my home-owner's insurance isn't being very coopertive. They are saying that since my bass was used for monetary return (in a business fashion), that I should have had a separate policy. If I wasn't using it for gig$, I would be eligable for an insurance check, minus the $1000 deductable.

I can't put into words how I feel, other than I'm really going to ramp up the search for its return.

Wish me luck.
Click to expand...

Bummer j...:mad:

Unfortunately your experience is an example to everyone here...your home owner's or renter's insurance won't cover your bass if you use it to gig.

Although I have yet to make a claim and therefore can't vouch for their settlement record, I carry musical instrument insurance from MusicPro, and $8500 of coverage costs me $100 a year. Instruments, amps and cabs are covered for full claimed value with a $100 deductible.

Never heard of Heritage. My advice is to read your policy carefully. Make sure there are no excluded circumstances (i.e. left in a car, at a club, airline, etc.), and make sure they cover each instrument for the full value you claim (less the deductible of course, which should be no more than $100...DOH! you said they have none:cool: ). Ask if you get a discount with association membership (i.e. IAJE, AFM, ASCAP, etc.). Is the policy underwritten by a major carrier (MusicPro uses Firemen's Fund for example)?

I know, a fat lotta good my 20/20 hindsight advice will do in getting the Bennie back...I truly hope the putz that stole the bass walks into a local music store and they recognize it and stall the moron while the authorities are notified. It's happened before.
 

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