is one thing that every keen guitar player needs to do before
they start strumming, but many overlook – and that is
to search for home
insurance quotes. Just think about the money you have spent
on your guitar and how much it means to you. Then you will realise
why good cover is so important – but how can you get a
policy that meets your needs?
is home insurance?
insurance is split into two elements – buildings insurance
and contents insurance – which can either be bought separately
Buildings insurance: This covers the structure of your home
as well as its permanent fixtures and fittings. Some policies
also cover outbuildings as well as accidental damage to underground
pipes, cables and more. Typically the risks covered include
storm damage, fire damage, theft, vandalism and flooding.
Contents insurance: Protects the items you keep within your
home such as furniture, household goods, carpets, clothing and
so on. Risks covered may include flooding, theft, malicious
damage, storm damage, explosions and water leaks.
are therefore covered under the contents aspect of a home insurance
should you look out for?
looking to cover a guitar under contents insurance, you should
read the terms and conditions carefully and be aware of:
Policy limits: Most policies have a cap on how much you can
insure a single item for – typically this is in the region
of £1,500. So if you own a particularly expensive guitar
you may have to specify this item to the insurer and pay an
additional premium for cover.
Excess: This is your payment towards a claim. So for example
if you have an excess of £100 and you make a successful
claim of £500 then you will cover the first £100
with the insurer paying the remaining £400.
Exclusions: These are circumstances in which you are not covered.
For example, your guitar may be covered against accidental damage
but may not be covered against accidental damage caused by children
about taking your guitar outside the home?
home insurance policies will cover certain items you take outside
the home under what is known as personal possessions or all
there are a number of caveats associated with personal possessions
Time limit: You may be able to take items outside the home but
only for a certain number of days – typically around 60
days per annum.
Location restrictions: Some policies will cover your guitar
when you travel anywhere in the world, but others will restrict
you to the UK or Europe only.
Excess: There may be an increased excess associated with personal
possessions cover claims.
into what risks you are protected against – for example,
is your guitar covered against damage from ultra violet rays,
humidity, fires, mechanical damage or other external damage?
You should also check to see what exclusions apply to the personal
possessions cover. For example, items may not be covered while
in transit; and you may not be covered if you are using your
guitar for professional purposes.
there specialist policies available?
your guitar under a home insurance policy can be a good way
of giving yourself peace of mind – but what if you can’t
find a policy that adequately meets your needs?
this case you may wish to consider a specialist musical instrument
insurance policy. These policies are tailored towards musicians,
groups and even orchestras and may include features such as
worldwide all risks cover; depreciation as a result of damage;
professional damage; loss or damage while in use; theft from
unattended vehicles; theft from your place of work; damage in
transit; cover for extras such as guitar strings; and cover
for the cost of hiring alternative instruments in the event
of a successful claim.
policy is right for you?
is well worth shopping around for home insurance cover using
a comparison website to get an overview of the quotes available
as well as the policy terms so you can see exactly what cover
is in place for your items. There are many ways to bring home
insurance premiums down too – such as by increasing the
security of your home with burglar alarms; reducing the fire
risk with smoke alarms; raising your voluntary excess; and by
paying premiums upfront on an annual basis.
if you own a particularly expensive guitar then you may want
a specialist policy to protect you against additional risks
particularly if you play your guitar professionally or abroad.
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