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Discussion Starter #1
Who would you guys recommend for insuring horns?

Australian companies are ideal

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Re: Best musical instrument insurance company?

Maybe keluityry should come back and clarify, but I didn't get the impression he was asking only about insurance companies in Australia; rather, as Pete mentioned, simply stating that Aus companies are ideal. Which begs the question in what way are they ideal over there in Aussie-land?

Some years ago I looked into getting my horns insured and the prices I found were way too high for me to justify. My homeowners insurance only covers the horns while in my house and only if I'm a 'hobbiest'. Meaning they aren't covered on gigs. So I'm just very careful and will accept the risk, rather than shell out most of the money I make on a gig to an insurance company!
 

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Grafton alto | Martin Comm III tenor
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Re: Best musical instrument insurance company?

Maybe keluityry should come back and clarify, but I didn't get the impression he was asking only about insurance companies in Australia; rather, as Pete mentioned, simply stating that Aus companies are ideal. Which begs the question in what way are they ideal over there in Aussie-land?

Some years ago I looked into getting my horns insured and the prices I found were way too high for me to justify. My homeowners insurance only covers the horns while in my house and only if I'm a 'hobbiest'. Meaning they aren't covered on gigs. So I'm just very careful and will accept the risk, rather than shell out most of the money I make on a gig to an insurance company!
Yes, we have many threads on home insurance versus dedicated musician instrument insurance.

I'm sure most home policies will cover an instrument (although for vintage high value horns you'd want to inform them and have receipt/appraisal) but if you lost it while playing a gig then it may not be covered (The policy would have small print about off premises and professional use).

hence any professional should check whether a home policy is adequate, or whether they should get a specialist musical instrument company. In the UK I would recommend Allianz, also you can get free cover up to a certain amount via the musicians union. It's almost worth doing the union just for that, so maybe the Australia MU is similar.
 

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Re: Best musical instrument insurance company?

I'm sure most home polices will cover an instrument (although for vintage high value horns you'd want to inform them and have receipt/appraisal) but if you lost it while playing a gig then it may not be covered (The policy would have small print about off premises and professional use).
Yes, this is pretty much what I found out (again this was quite a few years ago) and I do have appraisals on my horns from my tech. So if a horn is stolen from my house, or the house burns down, etc, it should be covered. But not out on a gig. As I said, I take my chances there but am very careful. So far, so good over the past 20-30 years... Still, I'm sure it's a good idea to get full coverage if you can find any that is affordable.
 

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Re: Best musical instrument insurance company?

they are ideal.... maybe because he lives there?
 

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Re: Best musical instrument insurance company?

Who would you guys recommend for insuring horns?

Australian companies are ideal

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What are your needs for insurance? Home, apartment, teacher ?

If you are a professional musician. Call your insurance agent that handles your liability insurance. At the very least check the rating of several insurance companies and make some calls. You’re looking for A rated company.
https://www.thebalance.com/what-is-an-a-rated-insurance-company-and-why-does-it-matter-4065596

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Discussion Starter #7
Re: Best musical instrument insurance company?

Some of these replies guys, geez :popcorn: - and no, can't edit the title for the thread.

For clarification - I'll be moving interstate in six or so months to study. My instruments are currently covered under home and contents, but I'm not sure how it'll work when I move, as I'll be living on campus in a studio apartment, and as far as the Australian government is concerned, a full time student.

they are ideal.... maybe because he lives there?
Bingo. Have been hoping that I can get some ideas from people on this side of the world to give some advice.

What are your needs for insurance? Home, apartment, teacher ?

If you are a professional musician. Call your insurance agent that handles your liability insurance. At the very least check the rating of several insurance companies and make some calls. You’re looking for A rated company.
https://www.thebalance.com/what-is-an-a-rated-insurance-company-and-why-does-it-matter-4065596

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I'm not sure to be totally honest - my horns are currently covered under home and contents, I'll be a student and don't liability will be needed or even if I'd be eligible - being a student and not a professional.
 

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Re: Best musical instrument insurance company?

I'm not sure to be totally honest - my horns are currently covered under home and contents, I'll be a student and don't liability will be needed or even if I'd be eligible - being a student and not a professional.
Maybe someone on here can point you to an insurance company, but I suspect you're more likely to get an answer by doing as PigSqealer suggests. Contact your current insurance agent, explain your situation, and ask for advice.
 

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Re: Best musical instrument insurance company?

I'm not sure to be totally honest - my horns are currently covered under home and contents, I'll be a student and don't liability will be needed or even if I'd be eligible - being a student and not a professional.
Even if you aren't a professional, I would think a lot of home policies wouldn't cover even occasional gigs, whether paid or not.

If the policy is unclear, then the safest thing is to ask the company, and get answers in writing.

ie

  • What if I take the saxophone out of my house to college?
  • What kind of security arrangements do I need?
  • What if I travel to do a concert (paid or not)?
  • How about if I travel abroad?
  • What if the horn is stolen from an unattended vehicle?
  • What if my saxophone is damaged/stolen - do you pay new for old or market value?
  • If market value who determines that?
  • What proof do I need of market value?

These are all similar to questions I have asked my insurance company, and it's useful to know exactly what you are insured for and what you may need in the event of a claim. (At the very least it will be photos, proof of ownership, serial number obviously...)
 

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Re: Best musical instrument insurance company?

Even if you aren't a professional, I would think a lot of home policies wouldn't cover even occasional gigs, whether paid or not.

If the policy is unclear, then the safest thing is to ask the company, and get answers in writing. ie what if I take the saxophone out of my house to college? What if I travel to do a concert (paid or not)? How about if I travel abroad? What if the horn is stolen from an unattended vehicle? What if my saxophone is damaged/stolen - do you pay new for old or market value? If market value who determines that? What proof do I need of market value?

These are all similar to questions I have asked my insurance company, and it's useful to know exactly what you are insured for and what you may need in the event of a claim. (At the very least it will be photos, proof of ownership, serial number obviously...)
+1 Yep !
 

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Marsh- expensive
EBM- much cheaper
Both are popular, get quotes yourself and compare
+1 to these 2 options.

I've used Marsh in the past to insure a bari that I had on long term loan. I found them good but thankfully never had to claim!
EBM also looks good.
 
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