Alembic Guitars Club
Alembic products => Alembic Basses & Guitars => Topic started by: glocke on January 14, 2004, 06:46:49 AM
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I would like to get my series I bass and some other instruments insured against damage and theft on gigs. Does anyone have any suggestions on how to do this? I am currently looking at having them added as a rider to my homeowners policy.
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As I understand it, if you get paid to play, your homeowner's policy will not cover your instruments. I have my bass rig insured under a commercial policy. I set my policy up using stated values for each item, which suits my situation and is very reasonably priced. The values I chose are what I believe I can expect to pay for an equivalent used item. Everything I take out of the house is on that policy. I can add or deduct items or change values just by faxing my agent.
There have been some previous discussions on this topic you may want to read through; here are a couple:
http://club.alembic.com/Images/394/4384.html (http://club.alembic.com/index.php?topic=4485)
http://club.alembic.com/Images/393/5762.html (http://club.alembic.com/index.php?topic=2422)
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I do not get paid to play, and there seem to be some great suggestions in the threads Dave mentions above. However, I wouldn't just give up on your homeowners' policy without making a phone call - there are a lot of variations. I called mine just to make sure there wasn't a limit on personal coverage, and they were willing to talk about professional coverage. My guess is it might have turned out to be more expensive than others, but it's worth a phone call.
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I agree, it's worth the phone call. The agent who has my homehowner's insurance also wrote the commercial policy. I made sure he knew exactly what I was doing; I asked him lots of what ifs.