Newark UK - valuation of a Martin guitar

Subject: Newark UK - valuation of a Martin guitar
From: jacqui.c
Date: 08 Oct 10 - 03:16 PM

My grandson now has a very nice Martin guitar courtesy of his doting grandmother.

My daughter needs to get a formal UK appraisal for insurance purposes but the local guitar shop can't do it. Does anyone in the area know of a guitar place within, say 30 miles, that would be able to give a valuation?

Subject: RE: Newark UK - valuation of a Martin guitar
From: John MacKenzie
Date: 08 Oct 10 - 04:03 PM

Look at the replacement price, new, and insure it for that amount.
They will offer you extra cover, like left in a parked motor vehicle etc. He may not want that :)
I reccommend E&L

Subject: RE: Newark UK - valuation of a Martin guitar
From: GUEST
Date: 08 Oct 10 - 04:05 PM

Is it a new guitar ?

can you tell us the model, age !? The guitar not the grandmother.

give us a clue

Martin Owner

Subject: RE: Newark UK - valuation of a Martin guitar
From: Richard Bridge
Date: 08 Oct 10 - 04:18 PM

INSURER will REQUIRE a written valuation.

I suggest if the guitar is new you refer them to official UK price list.

It it is second hand there are two guitar shops in Nottingham that might do the job - Hobgoblin, and a place the name of which I can't remember just off Canning Circus - it might be in the Alfreton Road. If you come up Maid Marian Way to Bar 7 and follow the roads round, the first exit is the Derby Road, and it's the third road. If you miss the turning you are going back towards Parliament Square.

Subject: RE: Newark UK - valuation of a Martin guitar
From: Arthur_itus
Date: 08 Oct 10 - 05:13 PM

Jacqui
There doesn't appear to be much around.

I just wonder if this might be your best route.

http://www.valuemystuffnow.com/what-we-value/musical-instruments

Subject: RE: Newark UK - valuation of a Martin guitar
From: Backwoodsman
Date: 09 Oct 10 - 02:21 AM

"INSURER will REQUIRE a written valuation."

Nonsense, unless it's a one-off or classic instrument which has a value enhanced by its rarity.

If it's a major manufacturer's 'normal' production model, a written valuation isn't necessary - the value of such an instrument is pretty well documented.

Jacqui, try Musicguard Musician's Insurance - I have two Martins, a Lowden and a Fylde mandolin insured with them, no valuations were required other than a declaration from me based on manufacturers' list prices, which I update each year on-line at renewal time. The policy also includes PL insurance.

Subject: RE: Newark UK - valuation of a Martin guitar
From: Rob Naylor
Date: 09 Oct 10 - 02:40 AM

Beat me to it, Backwoodsman.

We've got 7 guitars, a mandolin, flute, cello and clarinet insured on our contents insurance, including travelling with them, and none have required formal valuations. In fact, most of them haven't required a separate entry on the form (there's a value cutoff for individual items).

In the last 10 years we've claimed for a stolen flute and a stolen clarinet (both nicked from our kids) and the insurers paid out on the list prices with no quibbles or questions.

As you say, a one off classic instrument of high value may be a different kettle of fish.