What You Need to Know About Instrument Insurance


Instruments can be expensive, and as a musician, the key component to how you make a living. Protecting your investment is critical, and insurance can help you with any costs associated with theft or damage to your instrument. If you are a musician, insurance can cover more than just the base instrument: it can cover your case, sheet music and other accessories that may be damaged. Follow these tips to choose the correct insurance to cover your musical instrument.

Value of the Instrument

Oftentimes, when you purchase instrument insurance you will undergo an appraisal to determine the exact monetary value of your instrument. This will help determine the correct policy for your needs, as some companies may have maximum insured values that will not match your needs. If you are using your instrument commercially and as a way to make your living, you may be able to acquire a specialized plan. This will allow you to decide how to be reimbursed after a claim: based on the value at the time of loss or the instrument’s replacement value.

Location & Interruptions

If you are going to be on tour with your instrument, you’ll want to make sure it is covered regardless of where you are.  Before purchasing your insurance, make sure your policy covers loss across state lines and even country borders. You should also check to make sure there is a coverage option available for business interruption. This option will compensate the claimant if you are forced to miss a performance due to instrument damage.

Instrument & Touring Insurance Coverages in New York, Los Angeles & Chicago

If you are in need of insurance coverage for your musical instrument, contact Arts & Entertainment Insurance today! We will be able to provide you with sufficient coverage for your instrument and tour. Arts & Entertainment Insurance can be reached by calling 800.676.9374 or by filling out our online contact form.

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