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Just thought i’d pass on my hard earned knowledge.
If you think your guitars are covered under your general household insurance think again, and check.
I have 14 guitars in my house and Mrs Lee_UK accidendly knocked one over, it hit the floor face down and broke off the headstock, i phoned the Insurance company and they asked me to get an estimate, during the conversation they tricked me into admiting that i had played one or 2 gigs in my time, not with this actual guitar but with others, they then said that none of my guitars were covered because i use them in a professional basis. They also said i wouldnt have been covered because they felt 14 guitars was ‘excessive’. So if you do ever claim for a guitar, never ever never never admit you have taken any of your posse out gigging.
I now have a seperate guitar insurance which covers the best 8 of them.
£120 per year.
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I have a special policy that covers loss. I was using Heritage Ins and MusicPro – but they were too expensive. Now I use musicins.com (Travelers covers the policy) and it’s a better deal. You can insure $10,000 with low or no deductible for about $125 or so.
It covers your axe/amp/instrument when playing out, jamming, at home, for loss and damage at fair market value/cost of replacement.
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Yeah, +1 for lee_UK. I’d consult this FAQ here at Anderson Group to learn more about homeowner’s coverage on musical instrument.
If you play professionally, get a real guitar insurance policy. If you have a vintage instrument, be very careful with “replacement cost” coverage… if you’ve got a vintage guitar you almost certainly want “agreed value”. That FAQ above explains all this. I have coverage on my 58 les paul tv… you could never “replace” this so you can get really screwed with replacement value coverage. I get mine through the company hosting the FAQ… Anderson Group Electric Guitar Insurance
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