The insurance company I use is Heritage Insurance. They specialize in musical instrument insurance.
www.musicins.com Their policies are underwritten by St. Paul Travelers Insurance Co., and they covers all kinds of loss from theft or accidental damage. The insurance is very reasonably priced. I have always dealt with the owner, Ellis Hershman at 800-289-8837, and he has always been great. Of course, this is my first claim so we will see just how great he really is Supposedly, they will either pay replacement cost or the cost of the repair plus devaluation (as a repaired bass will be worth less on the resale market). We'll see.
Anyway, if anyone decides to check out Heritage Insurance for their basses (and you should) please mention my name (Steve Wood) as perhaps that will help things go my way.
By the way, if you think you are safe with your homeowner's or renter's insurance you better double-check as many policies exclude instruments if you use them even once at a paying gig.
About finishing the gig: I was playing with an original rock band called Prima Donna at a place in Philadelphia called the North Star, which is the most prestigious gig that an unsigned original band can play in that city. I am a sideman in that band, and I pride myself on being reliable and a team player. I would have played the gig through a veil of tears on a kazoo if I had to, but when I broke the string on the borrowed bass I really relaxed and started having fun because it was so obvious that I was just completely hosed.
Plus, and this is the main point, compared to what Dela217 and everyone else in New Orleans and the US Gulf Coast has been through what happened to me isn't really even worth mentioning.
Especially because I have insurance.
So there are 2 morals to this story:
1. Guitar stands REALLY suck; and
2. Get your basses insured. Right now.