Insurance for Accordions???
- Thread starter Zevy
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Alan Sharkis
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Very good, Zevy!
This is serious business! Check your house content insurance policy, some do cover musical instruments, some do not. 
Especially if you have high-end instruments.
Especially if you have high-end instruments.
Our "house content" insurance policy does cover everything we have (not including the car), independent of whether it is at home or with us somewhere else. But... for "expensive" belongings you need to pay extra to cover extra valuables, including musical instruments. It covers both accidental damage, fire and theft. So far we only needed it once, when my wife broke the screen of her laptop.
Zevy
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This is true. However, if you are playing professionally you may not be covered under your regular homeowners insurance, as it may be considered part of your business. There are separate policies for that. I used to have this type of insurance when I was playing professionally. It was offered at a reduced rate by the musicians union.This is serious business! Check your house content insurance policy, some do cover musical instruments, some do not.
Dingo40
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Zevy
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My auto insurance has my car listed as used for business.Technically, this may also apply to your car travelling to and from a paid gig.
If only people would realise that, if they planned their income:expenditure ratios more carefully, most insurance would be entirely unnecessary.
Major investments and some vulnerable items do benefit, but generally only purchasing that which you can afford to replace or/and repair from saved reserves of cash can save a small fortune in unpaid insurance premiums.
Also, only items which are absolutely necessary or are income producing should ever be bought on credit or by loans; utilising easy access to borrowed money for discretionary spending is like adding another millstone to the restraints which dog those who lack self control and self organisation.
But it does make those people with spare money to invest increasingly wealthy, so it must be good for the "Economy".
Major investments and some vulnerable items do benefit, but generally only purchasing that which you can afford to replace or/and repair from saved reserves of cash can save a small fortune in unpaid insurance premiums.
Also, only items which are absolutely necessary or are income producing should ever be bought on credit or by loans; utilising easy access to borrowed money for discretionary spending is like adding another millstone to the restraints which dog those who lack self control and self organisation.
But it does make those people with spare money to invest increasingly wealthy, so it must be good for the "Economy".
Very wise words.If only people would realise that, if they planned their income:expenditure ratios more carefully, most insurance would be entirely unnecessary.
Major investments and some vulnerable items do benefit, but generally only purchasing that which you can afford to replace or/and repair from saved reserves of cash can save a small fortune in unpaid insurance premiums.
Also, only items which are absolutely necessary or are income producing should ever be bought on credit or by loans; utilising easy access to borrowed money for discretionary spending is like adding another millstone to the restraints which dog those who lack self control and self organisation.
But it does make those people with spare money to invest increasingly wealthy, so it must be good for the "Economy".
We insure our house against disasters (fire mainly) because we do not have the money to replace it. And we have a travel insurance mainly to get help when we're in trouble, and to cover medical expenses, which can be huge.
Before I retired I traveled so much that it made no sense to get cancellation insurance for trips. Such insurance is often sold to people who travel to go on vacation maybe once or twice a year. But when you travel a lot it makes no sense. Should you need to cancel a trip, you just "absorb" the cost. Likewise I have no collision insurance for the car (only liability and comprehensive loss) because should I crash through my own fault I just buy another one. (A new car costs way more than the insurance would pay for my 14 year old one.)
For our accordions it's a bit of a different matter. We have insurance because they are expensive instruments and we have several. And it is most likely that we would lose them in a fire, in which case we lose all of them at once.
