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Topic: Insurance protocol for instruments... |
Al Terhune
From:
Newcastle, WA
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Posted 3 Nov 2003 8:47 pm |
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Considering the recent fire of one our co-steelers, and the fires in California, I need to seriously get my ducks in a row just...in...case. Heaven forbid.
I've got over 24 instruments, ranging from 9 or 10 steels to a banjo, accordian, mando, etc., etc. I know I can ask my insurance company, but maybe one of you has had first-hand experience on how to document what you've got. I don't have receipts -- well, maybe a couple, because a lot of what I've got was bought on ebay over the past four years. However, I don't think I'd want actual receipts, because the book value of many of my instruments is much higher than what I paid. What do I need to do? Can I take accurate pictures and ship them off to someone like Bobbe and have him appraise them? Does someone need to see the instruments in person?
Al |
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Al Terhune
From:
Newcastle, WA
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Posted 3 Nov 2003 8:49 pm
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| Sorry -- don't mean to duplicate Ray's recent post, but am hoping for specific direction. |
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Bill Hatcher
From:
Atlanta Ga. USA
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Posted 3 Nov 2003 8:59 pm
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If you are a pro musician, your home owners policy will most likely NOT cover your instruments. If you are member of the American Federation of Musicians, you can contact New York and they can give you the name of the insurance carrier that provides coverage for pro union musicians and it is a wonderful policy for a very reasonable price.
If you contact your private carrier and have him write you up a special additional policy on your instruments then have them write you up a "replacement" policy. That way you can replace any lost instruments that are currently being built with new instruments at todays costs. If you have vintage instruments then you will have to give your carrier a good appraisal of what they are now worth by showing some recent sale prices from vintage mags, shows, websites. George Gruhn in Nashville is one of the only places in America that gives appraisals that hold up in court. I think his price is $40 or so per instrument. Go to his website to find out more about his appraisals. |
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Mike Perlowin
From:
Los Angeles CA
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Posted 3 Nov 2003 11:58 pm
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My instruments are insured by CLARION MUSICAL INSTRUMENT INSURANCE. This is a seperate policy apart from my homeowners policy. Each instrument is listed seperately on the policy. They were appraised by the bowner of a local music store who came over to my house and looked at each one.
Clarion can be reached by calling 1-800- VIVALDI |
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Gene Jones
From:
Oklahoma City, OK USA, (deceased)
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Posted 4 Nov 2003 4:41 am
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Bill is correct....I learned the hard way that your Home Owners Policy will not cover your guitar & amp, or any other "tools" that are used in the course of employment! 
www.genejones.com |
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