Welcome, Guest. Please login or register.

Login with username, password and session length

 
Advanced search

1080565 Posts in 71520 Topics- by 19056 Members - Latest Member: Coleman25
Jump to:  
Pages: [1]   Go Down
Print
Author Topic: Instrument Insurance  (Read 954 times)
0 Members and 1 Guest are viewing this topic.
Anorak
*
Offline Offline

Location: Melbourne, Australia
Joined: Jun 14, 2017
Posts: 12

View Profile
« on: Jun 19, 2017, 06:41AM »

After years of either borrowing instruments or owning student models of all shapes and sizes, I have made a pragmatic decision to purchase a new, professional grade trombone and focus on playing only it. However, I then for the first time thought about insurance.

Do people get their horns covered through home and contents insurance? Do they create a policy solely for the instrument? Do you use a specific insurer? Or do you use the same company for your other belongings? I am curious to hear how people do it.

I am based in Australia, so if anyone out there has any region specific knowledge, that would be fantastic. However any advice would be greatly appreciate.

Many thanks from a former wandering bandsman.
Logged

Yamaha YBL-321 (handed down from grandfather)
Will be purchasing a pro-level medium bore horn soon
tbathras
*
Offline Offline

Location: Southern Maine
Joined: Jul 15, 2013
Posts: 962

View Profile
« Reply #1 on: Jun 19, 2017, 06:55AM »

I have a "Personal Articles" policy attached to my homeowner's insurance that explicitly covers my horns that I pay a small additional fee for.  If I claimed income from the use of my horns on my taxes, I would have to have a different more expensive policy.
Logged

"Remember, your trombone is not a weapon!" -Ben van Dijk
Anorak
*
Offline Offline

Location: Melbourne, Australia
Joined: Jun 14, 2017
Posts: 12

View Profile
« Reply #2 on: Jun 19, 2017, 06:58AM »

I have a "Personal Articles" policy attached to my homeowner's insurance that explicitly covers my horns that I pay a small additional fee for.

That sounds like a good option. Forgive my ignorance, but do you have to specify how much they are worth individually?
Logged

Yamaha YBL-321 (handed down from grandfather)
Will be purchasing a pro-level medium bore horn soon
tbathras
*
Offline Offline

Location: Southern Maine
Joined: Jul 15, 2013
Posts: 962

View Profile
« Reply #3 on: Jun 19, 2017, 07:03AM »

That sounds like a good option. Forgive my ignorance, but do you have to specify how much they are worth individually?

Yes, and provide proof of that value - either a quote/appraisal from dealer/repair shop, or a receipt.

I always insure my horns for full retail, replacement value.

It may differ slightly based on your insurance company.

There is some coverage usually provided by the homeowner's policy itself, but usually not enough to cover a boutique horn. You'd have to to inquire with your provider.
Logged

"Remember, your trombone is not a weapon!" -Ben van Dijk
Anorak
*
Offline Offline

Location: Melbourne, Australia
Joined: Jun 14, 2017
Posts: 12

View Profile
« Reply #4 on: Jun 19, 2017, 07:12AM »

Thank you for the information. It's going to be a fun few months for me sorting all this out!
Logged

Yamaha YBL-321 (handed down from grandfather)
Will be purchasing a pro-level medium bore horn soon
tbathras
*
Offline Offline

Location: Southern Maine
Joined: Jul 15, 2013
Posts: 962

View Profile
« Reply #5 on: Jun 19, 2017, 07:18AM »

Thank you for the information. It's going to be a fun few months for me sorting all this out!

I actually like my insurance agent... I just called them up and said what I wanted; they were plenty helpful in guiding me through it.  (My whole family has used the same agency for probably the last 40 or more years - I'm the 3rd generation) so they threat know me and treat us well.  it's nice when you actually work with people from your neighborhood and not have to call some call center based in who knows where.
Logged

"Remember, your trombone is not a weapon!" -Ben van Dijk
Anorak
*
Offline Offline

Location: Melbourne, Australia
Joined: Jun 14, 2017
Posts: 12

View Profile
« Reply #6 on: Jun 19, 2017, 07:22AM »

That is certainly a good situation. My family have our cars insured with one company in the area. I will have to have a chat to him and see what is available through him.
Logged

Yamaha YBL-321 (handed down from grandfather)
Will be purchasing a pro-level medium bore horn soon
trombonemetal

*
Offline Offline

Location: NH
Joined: Jan 22, 2009
Posts: 166

View Profile
« Reply #7 on: Jun 19, 2017, 09:03AM »

If you are playing the horn professionally I would get actual musical instrument insurance from Clarion or something similar. It's not that expensive. I used to have a personal articles policy but my agent told me that I would not be covered if I was at a paying gig.
Logged

Kris Danielsen
Boston University Doctoral Candidate
Anorak
*
Offline Offline

Location: Melbourne, Australia
Joined: Jun 14, 2017
Posts: 12

View Profile
« Reply #8 on: Jun 19, 2017, 10:01AM »

If you are playing the horn professionally I would get actual musical instrument insurance from Clarion or something similar. It's not that expensive. I used to have a personal articles policy but my agent told me that I would not be covered if I was at a paying gig.

It seems intriguing that you wouldn't be covered at a gig. It's a good question to ask.
Logged

Yamaha YBL-321 (handed down from grandfather)
Will be purchasing a pro-level medium bore horn soon
tbathras
*
Offline Offline

Location: Southern Maine
Joined: Jul 15, 2013
Posts: 962

View Profile
« Reply #9 on: Jun 19, 2017, 10:10AM »

It seems intriguing that you wouldn't be covered at a gig. It's a good question to ask.

Yeah, it's the difference between hobby/personal item vs. business property. In the eyes of insurance, those are very different things.
Logged

"Remember, your trombone is not a weapon!" -Ben van Dijk
SilverBone
Put the Cool in "Coulisse!"

*
Online Online

Location: Portland, OR
Joined: Sep 16, 2006
Posts: 3790

View Profile
« Reply #10 on: Jun 19, 2017, 01:19PM »

I found Clarion much cheaper than a rider on my homeowner's insurance.  As to value, for Clarion you must get an appraisal for any trombones worth over $5K, otherwise just inventory them and value them as you think best.

Trombones being pretty cheap, I needed one appraisal for my entire herd.
Logged

-Howard

The nastiest fellow I've known
Smashed his trombone and ruined its tone.
There's a simple excuse
For his slush pump abuse:
He was born to be bad to the bone.
trombonemetal

*
Offline Offline

Location: NH
Joined: Jan 22, 2009
Posts: 166

View Profile
« Reply #11 on: Jun 19, 2017, 01:45PM »

If it's a new horn (over 5k) you don't even need the appraisal, just a receipt. I insured 3 top of the line horns, one of which was new, and a bunch other stuff (cases etc) and it was all by phone and email. Painless.
Logged

Kris Danielsen
Boston University Doctoral Candidate
fsung
*
Offline Offline

Location:
Joined: Oct 3, 2007
Posts: 373

View Profile
« Reply #12 on: Jun 19, 2017, 03:37PM »

I have a "Personal Articles" policy attached to my homeowner's insurance that explicitly covers my horns that I pay a small additional fee for.  If I claimed income from the use of my horns on my taxes, I would have to have a different more expensive policy.

Be careful about using claiming income as the basis for distinguishing between personal and professional use.

When I was researching instrument insurance for my euphoniums several years ago, all but one of the dozen or so insurance companies I contacted classified deriving any income from playing an instrument, even in the form of an honorarium, mileage reimbursement, or a charitable donation receipt, as professional use, and disallowed coverage of the instrument under a "personal articles" policy. (The one company that didn't only covered the instrument while it was in the home or at a performance venue, but not in a vehicle in transit to or from the venue.)

Also, different insurers have different definitions of what types of uses are covered and the extent of the coverage. The last thing you want is to have to file a claim, thinking you're covered, and have it denied because of some oversight or erroneous assumption on your part.

OP: given the probability that the "rules" are different in OZ than in the US, it would be prudent to get a copy of the terms and conditions attached to any potential policy and go over them with your agent so you're clear on what is and what is not covered.
Logged
trombonemetal

*
Offline Offline

Location: NH
Joined: Jan 22, 2009
Posts: 166

View Profile
« Reply #13 on: Jun 19, 2017, 04:15PM »

Just go to clarion.
Logged

Kris Danielsen
Boston University Doctoral Candidate
growlerbox
Just a clown with an axe

*
Offline Offline

Location: Wellington, New Zealand
Joined: Feb 1, 2012
Posts: 975

View Profile
« Reply #14 on: Jun 19, 2017, 04:26PM »

Just go to clarion.

I think Clarion is US only.  These guys (http://www.musicins.net) operate in Australia and New Zealand.  There may be others.
Logged

If it's not worth doing, it's not worth doing well.
Anorak
*
Offline Offline

Location: Melbourne, Australia
Joined: Jun 14, 2017
Posts: 12

View Profile
« Reply #15 on: Jun 19, 2017, 10:48PM »

Thank you for all the responses. I have since found two specialist companies in Australia that insure instruments, however all the points raised here are good ones and I will be asking a lot of questions to sort it out.

One of them specifies on their website that the instruments can be covered whilst in the car, even going so far as to offer Climatic Cover (probably more geared towards string players), so there are options out there. It's always good however to field the question to a forum, because there are things that crop up you don't often think of yourself.
Logged

Yamaha YBL-321 (handed down from grandfather)
Will be purchasing a pro-level medium bore horn soon
Dombat
*
Offline Offline

Location: Ulm, Germany
Joined: Sep 5, 2004
Posts: 1705

View Profile
« Reply #16 on: Jun 19, 2017, 11:15PM »

Go to Marsh. I was with them for years in Australia and had 2 claims with them, one for damage from a flight and obe for a dent in the slide. They allowed me to choose my repairer (in the case of the flight I could use a German repairer and in the case of the slide they let me use Greenhoe) and covered international shipping and costs. Service was quick abd friendly and price-wise much better than home and contents.
Logged
Anorak
*
Offline Offline

Location: Melbourne, Australia
Joined: Jun 14, 2017
Posts: 12

View Profile
« Reply #17 on: Jun 19, 2017, 11:30PM »

Go to Marsh. I was with them for years in Australia and had 2 claims with them, one for damage from a flight and obe for a dent in the slide. They allowed me to choose my repairer (in the case of the flight I could use a German repairer and in the case of the slide they let me use Greenhoe) and covered international shipping and costs. Service was quick abd friendly and price-wise much better than home and contents.

I have heard of Marsh; they are next on my list to investigate. Sounds like a great group to deal with!
Logged

Yamaha YBL-321 (handed down from grandfather)
Will be purchasing a pro-level medium bore horn soon
Pages: [1]   Go Up
Print
Jump to: