What is Instrument Insurance?

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Instrument insurance is an important part of caring for your instrument. Professionals use it regardless of their genre and music shops have it to protect their inventory. Whether you recently bought an instrument or own one that isn’t already insured, we highly recommend purchasing a policy to help protect your investment.

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It’s exactly what it sounds like: an insurance policy with specific coverage for your instrument(s). It usually takes the form of either:

  1. A rider on your current renter’s or homeowner’s policy, or
  2. A separate policy through a company that specializes in insuring musical instruments

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Any insurance policy is about financial protection should damage or theft occur in the future and instrument insurance is no different. It is designed to protect you against things like theft, accidental damage, and devaluation. Always check with the insurance provider about specific coverage questions, but most companies will cover common problems that can happen with musical instruments.

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Rider: This something you can add to a preexisting renter’s or homeowner’s insurance policy. This is a great option if you are not a professional musician but still want protection for your instrument. Be sure to ask about the kind of coverage a rider has with your current insurance company before adding anything.

Separate Policy: If you use your instrument professionally, this is what you will need. The main companies used by most musicians and shops in no particular order are:

  1. Heritage Insurance Services, Inc. 
  2. Clarion Associates, Inc.
  3. Huntington T. Block Insurance Agency, Inc. (formerly known as Merz-Huber)
  4. Traveler’s Insurance (they have a valuable items policy that includes musical instruments)
  5. Total Dollar Insurance

The benefit of these companies is that they understand the specific nuances of musical instruments and their value. It’s also a good option if you have multiple instruments, a lot of equipment, or travel frequently.

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You will need a couple of things before you start looking:

  1. A list of items you need to insure. Many companies will insure everything from instruments to electrical and recording equipment, sheet music, and cases but always ask the company what is and is not covered first.
  2. Up-to-date appraisals for all of your instruments and bows.

Once you have this information, start shopping! Talk to the companies you are considering about any concerns and ask what they specifically cover in their policies. Make sure to compare deductibles as well as rates. For example, if you have a $1,500 instrument and the deductible is $1,000, that policy may not be your best option. Get quotes from everyone you are thinking of using, decide what will work best for you, and enjoy the piece of mind that comes with knowing your instruments are protected.

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