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Insurance

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Guernseyman

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Hi everyone. What do you do to insure your accordion - put in on house insurance or do you go to a specialist? Anyone got any good advice?
 
It may be covered by the house policy - we inventoried our musical instruments at the time, and the accordion wasn't among them, but that may not really matter. Though I'm not sure I'd even bother with it, if it was stolen from my car or something - that's more about the cumulative value if they were all wiped out in a fire or something.

Insurance is a game the insurance companies usually win. The way I see it, the more stuff I insure, the more likely I am to die penniless. The exceptions are the losses that would bust me, like medical catastrophe, house fire, motorist liability. If I were a pro player who'd need to immediately replace an instrument that would exceed my liquid assets, I'd insure it. Not otherwise. I don't know if that's good advice, it's just my theory on the matter.
 
It's a good question - my initial though was 'covered by house contents..' I've always bought keenly so I haven't paid top dollar. Replacement values though may be above individual item limit. I must check when my renewal comes through. Its in the diary, now.
If your travelling & performing, especially for a fee, then that will be a whole different ball game...
If not and it's an pro new accordion I'd say its an individual high value item listing, easily.
 
Here in the US, if you are not a professional, typically a home owner or apt. owner policy will cover your musical instruments for loss or damage. In the case of a professional, insurance co's will require you to purchase additional coverage called a "Floater" policy to cover your musical gear.
 
I'm not a pro but a very keen amateur returning after 25 years of not playing a lot. I have invested in a new cooperativa accordion and you wouldn't get much change out of £9000, so I want to get it right!
 
Guernseyman said:
Im not a pro but a very keen amateur returning after 25 years of not playing a lot. I have invested in a new cooperativa accordion and you wouldnt get much change out of £9000, so I want to get it right!
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I believe that it will need at least individually listed high value on your home contents. If it is travelling high value thats another thing; travelling/peforming may be another and travelling & performing for fees (pro or amateur) is deffo yet another. So youll need to make your requirements clear with a broker/insurer to get it right....
Maybe youll let us know what you find? Im definately interested, whilst none of mine would cost £9k new - the best prob is £3-4k... but I am into double figures off em.... :roll:
 
Have you simply tried phoning up your insurance company? They will tell you immediately.
Also, if it is like camera equipment, when it is out of the house then most bets are off and you will need to have a separate policy.
 
As the Pigini regularly travels to all sorts of places with the No.1 Ladies, I added 'away from home' cover to my home insurance and made sure that it covers replacement value, rather than purchase price (both the Wing and the CBA were bought 2nd hand at about half the normal cost). I can't tell you how much that adds to the insurance now, as it's been a few years. It suits me as it also covers the daughter's laptop & iPhone for loss etc.

Most of the other No.1 Ladies use a dedicated instrument insurance company, for a few quid a month, but I can't recall its name!
 
Thanks Anyanka: A good reminder, I always advise to purchase coverage with "replacement value"
 
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