Does an MA Home Insurance Policy Include Musical Instruments?
When it comes to protecting the things that you own from theft, accidents, or disasters, nothing works better than an insurance policy. However, it is essential to know that there are different types of policies designed to cover different things. It all starts by having a conversation with a trusted, local insurance agent at Borden Insurance. We offer a wide range of options for personal, auto, and home insurance in New Bedford and the surrounding area and can help you get the coverage that you need at a price you can afford. Musical instruments may or may not require a policy separate from your New Bedford homeowners insurance, depending on the specifics. Antique and high-value instruments might necessitate additional coverage, just as a classic car or expensive jewelry might go beyond the typical guidelines of the average MA home insurance policy.
What Type and How Do You Use It?
The family piano, your son’s electric guitar, or your old clarinet sitting in a case in the attic. These are all common types of instruments that can usually be covered by your home insurance in New Bedford. The type of instrument, including its age, estimated value, manufacturer, and other specifics, must be considered. Your local insurance agent can assist you in this area with musical instruments or anything else of value that you might be concerned about in your MA home insurance policy. The same goes with renter’s insurance and auto insurance if you regularly transport your instruments or other items of value in your vehicle for a specific purpose. Accessories may be included as well, including cases, stands, electronic equipment, and sheet music.
Suppose you use your musical instruments to make a living, as in being part of a performance band that plays regular gigs, participating in an orchestra, or even as an instructor. In that case, you might want to speak with your agent about including coverage with your business insurance policy. There are a number of ways to go about protecting your instruments, whether you are at home, transporting them in your vehicle, or using them as part of your profession. The most essential thing to understand about why some instruments might not be able to be covered by a New Bedford homeowners insurance policy is coverage limits. Most policies have limits for the home’s total property damage and can sometimes even have a per-item limit, which could be lower than the cost of your instrument.
What is Covered by Home Insurance?
Even if the value of your musical instrument is within the limits of the home’s total property damage coverage or per-item requirements, it is essential to understand what type of coverage is provided. If your instruments are stolen in a break-in, will they be covered for replacement? If there is a fire, flood, or damage caused by a storm, will your MA home insurance policy cover the loss of your instruments? Your local agent can answer all of these questions and more, providing sound advice and professional recommendations to ensure that your musical instruments and related accessories are properly insured for any eventuality. The location of the instrument, value of the item, and deductible for this type of coverage should all be discussed with your trusted agent at Borden Insurance.
Another option to insure specific items within your New Bedford homeowners insurance policy is to get an extra rider. This is a sort of policy add-on that can provide extra coverage for specific valuables, such as musical instruments, jewelry, antiques, and collectibles. This type of protection is also sometimes called a floater, endorsement, or protection for scheduled personal property. Your agent can let you know what it is known as in your area. Riders can sometimes have a lower deductible than the primary homeowners policy and are considered to be “all-risk” coverage, rather than “named perils,” which is the type of coverage usually used for home insurance. Professional musicians may want to get a commercial musical instrument policy, as there is usually a higher risk of loss or damage to consider. Either way, you can contact Borden Insurance directly by calling 508-999-3636 and speaking with a friendly and knowledgeable agent about your concerns or questions regarding your MA home insurance policy and additional property coverage.