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The Gear Insurance Thread

Discussion in 'Miscellaneous [BG]' started by TCollins, Aug 16, 2000.


  1. s_wood

    s_wood Gold Supporting Member Supporting Member

    Mar 23, 2003
    Delaware (USA)
    My gear is insured through Heritage Insurance. They are brokers that special in musica instrument insurance. Their policies insure against all kinds of theft, loss or damage and let u set the value. Unfortunately I know how great they are. A couple of years ago I had a brand-new custom made Alembic Series II fall off a Guitar stand at a gig. The headstock snapped completely off. Rather than insisting on a repair at my request Heritage paid me the full insured value for the bass and let me keep the electronics and hardware to use in a replacement. How cool is that? I can't say enough about how good they are!
     
  2. WesW

    WesW <>< Supporting Member

    Jul 25, 2002
    Lynn Haven, FL
    That is excellent customer service. Very cool!
     
  3. s_wood

    s_wood Gold Supporting Member Supporting Member

    Mar 23, 2003
    Delaware (USA)
    Yep! Fairy-tale good, but true
     
  4. bobunit

    bobunit I'm here. Now what? Supporting Member

    Jul 15, 2008
    Idaho
    Do you know where the company is based?
     
  5. datsaxguy

    datsaxguy

    Oct 28, 2008
    Maryland
    First, Thanks to all who have contributed to this thread. Thanks to the "Embellisher" for merging the 2 threads.

    This thread has been chocked full of fantastic information. Gotta get some insurance on my horns, basses, and audio equipment.

    Bump for one of the best threads on TB.
     
  6. T-MOST

    T-MOST Supporting Member

    Dec 10, 2004
    NJ via NYC
    I got my Insurance (Clarion Ins) after I bought my Smith! I already had the Sadowsky but with that kind of $$$ invested they had to be protected. Since then I've listed all of my gear. :hyper:
     
  7. damon106

    damon106

    May 21, 2007
    NJ
    What kind do you have T-most ? I have my stuff listed under my renters insurance but I am not sure if that is a good way to go ?:confused:
     
  8. anonymous02282011

    anonymous02282011 Guest

    Jun 27, 2007
    You should call your insurance rep and get the details for your renters insurance.

    I have renters ins through Liberty Mutual and they've assured me that all my instruments (not amps, cabs, etc) are fully covered world-wide.

    I threw a few hypotheticals at them such as having my instruments stolen from my car, damaged while abroad, fire in my apt, etc and they assured me it would be 100% covered.

    Fortunately I haven't had to use the insurance so I haven't been able to test their customer service. I've had my car insured through them for a number of years and for that their CS was very good.

    I had all my instruments professionally evaluated and appraised, sent the appraisals in and paid about 10% of the total appraisal value for annual coverage.
     
  9. damon106

    damon106

    May 21, 2007
    NJ
    Thanks adbass.... never thought about the appraisal thing...hmm, I just estimated how much it would cost to replace' em and put that down... might have to revisit that...
     
  10. anonymous02282011

    anonymous02282011 Guest

    Jun 27, 2007
    It was at the Insurance Co.'s behest that I had everything appraised. This document will also be critical if and when the **** hits the fan and you need $$$ to replace or repair instruments.
     
  11. T-MOST

    T-MOST Supporting Member

    Dec 10, 2004
    NJ via NYC
    I'm a home owner with insurance. However, I also have Clarion Musical Intrument Insurance (out Of L.I NY) covers musical instruments. My premium is $250 per year and covers up to $20,000 of musical instruments/gear. I have everything on this policy... basses, guitars, amps, recording gear even my pedals. I have about $15,000 of gear on this policy so in the event of theft or fire (home or away) I'm covered. it's definately worth it (if your gear is worth considerably more than the premium).
     
  12. FunkMetalBass

    FunkMetalBass

    Aug 5, 2005
    Phoenix, Arizona 85029
    Endorsing Artist: J.C. Basses
    Is it easy to upgrade your insurance policies?

    I do play out in a band, but I never have more than $500k worth of gear on me at any time. The rest all sits at home and is covered by my renter's insurance.

    However, if we start making it bigger and I need to bring more gear with me to venues/tours/etc., is it easy to have my policy adjusted to cover $10k?
     
  13. I have a special rider on my NW insurance with all my gear listed with serial numbers and all that good stuff. I do not know the price, but my wife said it is not that expensive. All I had to do was produce a receipt for anything over 1500 bucks. Past that I have my insurance guy on my outlook and when I add/delete items from my rider, I just shoot him an e-mail.
     
  14. brotherdoc

    brotherdoc

    Oct 26, 2008
    Been looking into equipment insurance through my local state farm rep, but they seem to be unclear about musical instruments. I'm thinking Music Pro Insurance through ASCAP would be better.

    Anybody have any thoughts or other suggestions on equipment insurance?


    BTW, my home owners insurance would only cover $1,000 total at home and $250 away from home. That's not even a drop in the bucket.
     
  15. Musicproinsurance.com is insurance through the Fireman's fund and they will insure EVERYTHING including wardrobe for $10 for every $1000 of insurance. There's a $50 minimum purchase (so $5000 of insurance) Only a $100 deductible. Did I mention that $50 covers you for a full year? They will cut you a check to replace whatever breaks for ANY reason, (and there's no limit on location) including pouring beer on a pedal board, or running over your bass with the truck, or theft, or floods, or fire, etc....and they don't ask many questions/paperwork....Awesome insurance. I've had to use it a few times. They are incredibly fast with the reimbursement to get you back on stage quickly too. When you sign up have you're model and serial numbers along with the replacement value of each individual piece ready, as it saves you a bunch of time.

    Never thought I'd be "old enough" to have insurance on my gear, but for a few $ a year, I have no worries about that chick that's dancing with a full beer over my pedalboard or the big guy behind her who's ready to charge me for flirting with his girl....haha...BRING IT!
     
  16. Chef

    Chef Moderator Staff Member Supporting Member

    May 23, 2004
    Columbia MO
    Staff Reviewer; Bass Gear Magazine
    Hoffman; do they sell you a $5000 blanket; or, do you have to "line item" all your gear individually?
     
  17. You have to line item it with serial #'s and model #'s and value.
     
  18. Chef

    Chef Moderator Staff Member Supporting Member

    May 23, 2004
    Columbia MO
    Staff Reviewer; Bass Gear Magazine
    thx!
     
  19. Evil Undead

    Evil Undead

    Oct 31, 2009
    Ok, I have a question...

    Story is... my instruments are covered through my home contents insurance, and I have portable possessions cover so they are covered outside the house as well - if anything happened to them while they were in the car I assume my car insurance would cover that.

    I'm already aware that if I was being paid for any gig that my cover would be invalidated... but what if they money that we got for the gig was split between the rest of the band but I didn't take a cut? Technically I'm not getting paid then but the band are. What happens here?
     
  20. brotherdoc

    brotherdoc

    Oct 26, 2008
    Don't assume anything.
     

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