Homeowner’s vs. Specialized Insurance Policy Plan for Woodwind Instruments

1. Homeowner’s vs. Specialized Insurance Policy Plan for Woodwind Instruments Picture this - You drove down to the city’s best gig space to get the final venue booking done for your upcoming show. Everything went well until you came out of the venue only to find out that someone broke into your car, and now your woodwind is missing. Without wasting any time, you called your homeowner’s insurance service provider and filed the claim. Your insurer then assigned an insurance claim adjuster to investigate your case. Investigation started! The insurance adjuster ran a series of web searches and got to know that you are much of a professional and have played your woodwind instrument (that is covered under your homeowners’ insurance policy) outside your home at several gigs. But what he found wasn’t good news for you. Why so? The reason - as you perform outside against monetary benefits, your musical instrument is no longer a household thing, and it would be considered a commercial gear. What does it mean? It means, your homeowners’ insurance plan (that’s intended for your household belongings) will not cover any such item that is being used commercially.

2. All the convincing talks! You tried to convince the insurance claim adjuster that you are not a professional woodwind instrument player and that you’ve performed in just one or two shows in one year and have earned as little as $200. Upon hearing this, the claim adjuster shrugged and informed you that no matter you’ve earned $200 or $20, no matter you’ve played ten concerts or one in the last one year, your musical instrument will not come under your homeowners’ insurance plan. An expensive lesson for life! Your heart skipped a beat, and you got the lesson, a pricey one, for life. Having said that, Have you been through the above hypothetical situation in life? Or, do you think that your homeowners’ insurance plan will come to rescue if your musical instrument is broken, lost, or stolen? If so, then you are not alone. In fact, a majority of professional musicians think that their musical instruments are covered under their homeowners’ insurance plan. But actually, they’re not. So, if you are also a musician and play your instrument for monetary benefits, check if or not you are comprehensively covered before you land in rough waters. And, the best and safest thing to do here is getting a dedicated Woodwind Insurance. Homeowners’ Vs. Specialized Going further, you will come to know about the main differences between homeowners' insurance plan and specialized musical instrument insurance in light of protecting your gears. Let’s get started! Homeowners’ Insurance Policy Woodwind Instrument Insurance Policy It is very unlikely that it will cover any damage/loss to a third-party while you’re performing or teaching. If you teach music or perform live, you are very likely to get public liability cover with this policy. It mostly covers items that you keep in your home. If you take your gear out and it’s stolen or damaged, you will not get any compensation for the same. It is a specialized insurance policy. No matter where you go if your instrument is damaged, lost or stolen, you will get complete cover depending on the scenario. A specialized Woodwind Insurance provider understands the degree of the loss and will get it Your home insurance provider might not understand the degree of damage you can go

3. through if your instrument is lost, damaged, or stolen. fixed or replaced as soon as possible. Last but not the least... It does not matter whether you are a musician, a music teacher, or a music store owner; with a dedicated insurance policy for musicians you are absolutely-financially safe. A reliable and reputable music insurance company will make sure that you and your instruments are protected against any loss, damage or theft. Plus, their services are transparent, on-time, seamless, and reliable. Most importantly, their team is always ready to help you with your queries and confusions.