Alembic Guitars Club

Alembic products => Alembic Basses & Guitars => Topic started by: rogertvr on August 22, 2003, 04:44:55 AM

Title: Insurance
Post by: rogertvr on August 22, 2003, 04:44:55 AM

What does everyone do regarding insurance for these beautiful and expensive instruments?  I've been looking into this subject as the Dragon's Wing progresses - about the best I can manage at the moment is to add it to my house insurance (in return for a not inconsiderable sum of money added to the policy).
 
Hints, suggestions, tips etc gratefully accepted.
 
Cheers,
 
Rog

Title: Insurance
Post by: David Houck on August 22, 2003, 06:05:53 AM

I just recently had my insurance agent write a commercial replacement value policy on the gear I take to gigs and rehearsals.  Your homeowners will not cover your rig if you are getting paid to play.  I found the premium, and the deductible, to be very reasonable.  The agent had not written a similar policy before and it took a while for me to communicate with him what I wanted, and for him to then communicate the same with the underwriter.  I wanted replacement cost coverage rather than actual cash value which gets depreciated by the insurance company.  I valued everything using Ebay completed transactions (plus shipping).  Now I do not own a custom one of a kind Series II.  If a drunk falls on the stage and knocks my Essence over breaking the neck, I used the value at which I can find another used Essence.
 
Also, you will want to read this previous thread on insurance:
http://club.alembic.com/Images/394/4384.html (http://club.alembic.com/index.php?topic=4485)

Title: Insurance
Post by: palembic on August 22, 2003, 07:30:26 AM

Hi Roger,
 
for my insurance (guitar + rig etc) I have (had - I think I couldn't manage to pay the dues) a All Risk Insurance: so all situations are covered even damage that occurs in my house, my children breaking it, transport in a car etc ... . Here in Belgium it's an insurance you can get if you are a good customer and they'll accept the risks. It's rather expensive: about 350? for a year (well ...it's NOT seen the value you're insuring but it IS for me now).
The value insured is the replacement value for a NEW instrument/rig. So to replace it by items that comes closest by possible. In principle I have to give the value of the set-up and instrument every year.
 
Just my 2 cents
 
Paul the bad one

Title: Insurance
Post by: malthumb on August 23, 2003, 10:47:35 PM

Roger,
 
You might find your answer in this thread.....
 
http://club.alembic.com/Images/394/4384.html?1051212270 (http://club.alembic.com/index.php?topic=4485)
 
Hope it helps.
 
Peace,
 
James

Title: Insurance
Post by: rogertvr on August 24, 2003, 07:34:58 AM

I'd like to thank everyone for their help and suggestions.  It's made me think about what I require from a policy for the Dragon's Wing.
 
Cheers,
 
Rog