Re: Insuring Our Investment
Hey John,
I have over $120K in musical instruments that I have insured separately from my homeowner's policy. I have zero trust in homeowner's coverage for instruments. I would be happy to provide you with the contact info for the company I use. They are reasonable in price, and they specialize in musical instruments. If your instruments (drums included) are lost, stolen or damaged, they cover it. In fact, if damage occurs, in addition to paying to repair the instrument, they also give you the difference in value, if the damage results in the instrument being worth less due to the repaired damage. With this company, you insure the instrument for whatever you want to claim as its worth. Your premium is based on the value that you state is the value of your instrument(s); you don't need to validate or 'prove' value. It's probably a good idea to provide serial numbers though.
I think I pay something like $600 per year. I have never had to make a claim, but the company I use came highly recommended from people on the Les Paul Forum (guitar forum). I've had my stuff insured with them for over 10 years, and I've been very pleased.
If you're asking for an opinion, yes I would recommend that you do it.
Again, if you are interested, PM me, and I'll send you the contact info. I'm not sure it's okay to post that kind of stuff here in the forum.
Now, just a tiny bit less than an absolute drum newbie
DW Collectors Cherry kit, Ludwig Black Beauty Snare, DW SuperSolid Oak/Cherry Snare, DW Sabian Vault Edge Snare
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