I would caution you on the homeowners policy to be very specific on what you are using them for. Generally they are not covered if you are using them professionally. And that doesn't mean you have to be a pro. If you are using them with a band and the company finds out, and you have not stated that specifically, you will not be covered.

The insurance offered through the American Federation of Musicians is the best deal out there. It is an all risk policy that covers everything that you list on the declaration. From the Vintage Martin down to sheet music. There is even a "miscellaneous declaration" for odds and ends. For around $100/year you can cover 10,000 worth of gear. And it doesn't matter what happens to it. You could drop it carrying it to the car. If I had had it when my six string got busted by the airline goons, it would have been covered. If my basement flooded and ruined it all, it is covered. It is truly all risk. The deductible is $100.

Mick