Heritage instrument insurance: musicins.com/

They require appraisals of the value is a certain amount for individual items. 

Heritage is great and they make it easy to add and/or remove instruments from coverage.

You are able to insure as “agreed value” and appraisals are not needed for single items valued at less than a specific amount (it was $150,000 at one point, but I’m not sure if the amount as of today).

YUP, I have 2 Gibson Mastertones and 1 Yates, with 3 separate appraisals. I've only used State Farm for everything... (just sayin')

quote:

---

Originally posted by 1961brd

YUP, I have 2 Gibson Mastertones and 1 Yates, with 3 separate appraisals. I've only used State Farm for everything... (just sayin')

---

You may want to double check with your agent that you have coverage outside of the home like a festival or something. Also, if you are playing any paid gigs, and something happens there, you are likely going to be fighting with claims. 

It is the cheapest dollar for dollar insurance, but as been said, read the fine print. Even certain natural disasters may not be covered. As with all insurance, it's a bet. The insurer/underwriter wants it to be a safe bet. If you have the equivalent amount of money in the bank(not eartagged for something else) don't bother. My policies are old, I still carry them.

quote:

---

Originally posted by plars

quote:

---

Originally posted by 1961brd

YUP, I have 2 Gibson Mastertones and 1 Yates, with 3 separate appraisals. I've only used State Farm for everything... (just sayin')

---

You may want to double check with your agent that you have coverage outside of the home like a festival or something. Also, if you are playing any paid gigs, and something happens there, you are likely going to be fighting with claims. 

---

I have a no deductible rider with State Farm for all my instruments up to $3500 per claim. Yes, they are covered at festivals, traveling, wherever I go, whatever I'm doing. Paid gigs, unless I am making enough money that I need to claim it on my income tax, it is considered "hobby income" and I am covered. The IRS differentiates between taxable income and hobby income, State Farm uses their deffinition. I checked it all out because I hear all of it all the time. Yes, I have it in writing.

It is costing me $8 a month. Any instrument valued over $750, I have to provide a copy of the invoice. I will say one thing about State Farm though, if you don't have an actual agent, trying to deal with them online or over the phone is painful. My agent is here in town, he lives here, his kids went to school with mine and  he has been my agent for thirty years. A couple times I have run into problems with claims and one call to my agent got it all straightened out.

It's onto a tangent, but I'm reminded of a conversation between a couple of my sisters-in-law that my wife and I overheard .... about insuring their jewellery.   Later [i.e. out of earshot] we exchanged a few quips about how their worlds (?) were different from ours ... i.e. they talked in [more than a couple ] thousands of dollars .... we were more used to working in tens/hundreds.  

Another tangent - I read the title as instrumental insurance, which is a novel idea.