Are your instruments insured?

Subject: Are your instruments insured?
From: GUEST,Ian
Date: 23 Nov 14 - 04:53 PM

I have a number of guitars and mandolins and got a bit of a shock when I added up their total value or replacement cost. One guitar has been covered on my household insurance but I have just discovered that they would only pay the amount I paid for it even though a replacement would now cost double that.

I'm beginning to look at guitar insurance, simply in case of theft or damage when they are in my home. I don't really need to insure them anywhere else.

Has anyone any recommendations for insurance of a guitar collection in the UK?

Subject: RE: Are your instruments insured?
From: GUEST,strad
Date: 23 Nov 14 - 05:09 PM

New Moon gives a good deal

Nigel

Subject: RE: Are your instruments insured?
From: vectis
Date: 23 Nov 14 - 09:45 PM

My rarer ones are separate named and valued on the house insurance and covered when indoors or travelling. Cheapest option for me.

Subject: RE: Are your instruments insured?
From: GUEST
Date: 23 Nov 14 - 11:22 PM

try MU.insurance

Subject: RE: Are your instruments insured?
From: GUEST,IainG
Date: 24 Nov 14 - 03:04 AM

I have used these for a few years now

http://www.allianzmusicalinsurance.co.uk

Subject: RE: Are your instruments insured?
From: GUEST,Jonny Sunshine
Date: 24 Nov 14 - 04:53 AM

The MU offers free instrument insurance to members - there are limits to value covered and amounts you can claim in one period, but it's possible to buy extra cover. Members also get free public liability and accident cover.

Subject: RE: Are your instruments insured?
From: Phil Cooper
Date: 24 Nov 14 - 08:13 AM

In the US, we had a supplemental policy for our instruments through our homeowners policy. It cost a couple hundred dollars a year for $15,000 worth of coverage. It wouldn't have replaced every last instrument if something happened, but it would replace a few with good quality new ones. Not that you can replace the way some instruments handle and sound.

Subject: RE: Are your instruments insured?
From: doc.tom
Date: 24 Nov 14 - 10:29 AM

as above - try MU.insurance (but join the union - lead the van).

Subject: RE: Are your instruments insured?
From: Nick
Date: 24 Nov 14 - 10:31 AM

We looked at this fairly recently and insured three guitars and an amp for my son. I think it was with Allianz - we looked at a number of options

Replacement cost was for about £5500. If you want an idea of what it cost etc let me know

Subject: RE: Are your instruments insured?
From: Backwoodsman
Date: 24 Nov 14 - 01:10 PM

Mine (three Martins, a Lowden and a Fylde mandolin) have a replacement value of around £12,500 and are insured through Musicguard. Not cheap, but it gives full replacement value, covers professional use, in an unattended vehicle etc., and also gives £2 million Third Party cover.

Subject: RE: Are your instruments insured?
From: Gurney
Date: 24 Nov 14 - 03:10 PM

In NZ, I have the instruments noted on the house insurance. Valued by a registered instrument valuer, photographed, and the documentation lodged with the house contents insurance. Also the stereo, LPs and tapes (worth nothing) and the CDs (worth little).
I really should have my tools valued, because between them, tools and music are worth much not much less than our furniture and clothes and chattels.
Worth more, to me.

TELL your insurance company. They will certainly not hold insured portables that they don't know about. And they only pay out second-hand value anyway.

Subject: RE: Are your instruments insured?
From: Anne Lister
Date: 24 Nov 14 - 03:19 PM

Mine are with the MU and with E&G Insurance ...the tricky part is if your instruments are in an unattended vehicle, so you need to check your policy to see what cover there is.

Subject: RE: Are your instruments insured?
From: Northerner
Date: 25 Nov 14 - 06:32 AM

I've lost two ukuleles and a bodhran through council workers in my home. Don't think my household policy would pay out.

Subject: RE: Are your instruments insured?
From: Backwoodsman
Date: 25 Nov 14 - 07:50 AM

Theft? Did you get a crime no. from the police and contact your insurers?
Damaged through negligence? Did you contact your insurers?
If not, you should.....you might be pleasantly surprised!
Nothing ventured, nothing gained, IMLE.

Subject: RE: Are your instruments insured?
From: GUEST
Date: 25 Nov 14 - 09:52 AM

My son's guitars were previously insured on our household insurance. We had to claim when a guitar was stolen after a gig and he got a similar model (the 7 string Ibanez that was stolen is no longer made) provided brand new as replacement.

Subject: RE: Are your instruments insured?
From: GUEST,Ian
Date: 25 Nov 14 - 11:14 AM

Thanks for all the useful comments. I've taken note of suggestions to insure the instruments through a specialist insurer. I've had some on-line quotes and now am getting adverts from insurance companies popping up all over the place - so I doubt I'll forget to do something about it.

Subject: RE: Are your instruments insured?
From: Backwoodsman
Date: 25 Nov 14 - 11:49 AM

Welcome to the Internet! 😃😃