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Sorefingers
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Posts: 114
(7/20/01 12:11:41 am)
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Purchasing/Obtaining Insurance for a Cello
I have finally paid off my cello - yehaw, it's mine! How or where would I obtain insurance to cover it's value in the event it gets damaged while I'm at a gig or traveling to and from my home? The cello is covered by my homeowner's policy while in my residence.

How is the cello's value appraised? I don't live near a metropolitan area. Would a qualified luthier's opinion be sufficient?

Are there companies that insure musical instruments?

I'm not talking "one of the BIG Names of the cello world " here, but it's a large purchase to me and one that I would not easily be able to replace.


Gina

Dick500
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Posts: 102
(7/20/01 8:23:58 am)
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Getting insurance
You could probably get an Insurance Appraisal (there are several types of appraisals) from a qualified luthier. But on the other hand, if you recently bought it, you should have a receipt, yes? The nice thing about insurance appraisals is that they are often written for an amount over the purchase price to cover expected increases in value over the short term. If you got your cello from a shop, ask them for an appraisal as part of the deal. If not, then you will have to pay a fee to somebody else to appraise the cello/bow/case.

If your cello is covered by your homeowner's policy in the same fashion that any of your home-bound possessions like your tv set, your couch, and your house are, then you need to talk to your homeowners insurance agent about adding a separate rider to cover the cello. Separate riders add a little to the price of your policy, but it is well worth it. With a separate rider, you should be covered when you take the cello out of its case, out of the house, in your car, to a rehearsal, etc. Ask your insurance agent for the details. S/he should be happy to provide you with the coverage information as separate riders are commonplace things in the insurance biz. A receipt might be sufficient.

Separate riders are generally not the thing for professional players who earn all or the bulk of their income from playing. In that case, you might talk to your insurance agent about a separate policy (sometimes called an inland marine policy--no, it is not for your canoe orfishing boat) which costs significantly more than a rider. You'll need a recent appraisal.

Not all local homeowners agents feel comfortable insuring mondo-cost musical instruments on separate policies. The websites of a couple of companies that come to mind, and who we recommend, that specialize in insuring expensive musical instruments are http://www.merzhuber.com/ (Merz-Huber Co) and clarionins.com (Clarion Associates, Inc). Another one who we also recommend, but whose website I don't know, is Heritage Insurance Services, In. They may be e-mailed at ellish@heritage-ins-services.com.

Hope this helps.

Dick

Sorefingers
Registered User
Posts: 115
(7/20/01 10:34:31 am)
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Re: Getting insurance
Thanks Dick. This is such an exciting time - never in my wildest dreams did I ever think I would actually own such a wonderful instrument. Then the thought of all the potential dangers "out there" dawned on me the other day - like being a first time parent bringing home a new baby.






Gina

MaryK 
Registered User
Posts: 663
(7/20/01 10:54:18 am)
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I Second That...
An insurance rider, I mean. Got one added to my HO insurance just by providing receipts, etc. The cost is less than $50/year (of course, my instrument isn't worth beacoup bucks; your cost for coverage may vary), and was effective immediately. Just for the peace of mind it is well worth it!

Cheers,
MaryK

Edited by: MaryK  at: 7/20/01 4:20:28 pm
JanJan2
Registered User
Posts: 198
(7/20/01 11:54:47 am)
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Re: Getting insurance
Don't forget to insure your bow and case, too!

Just curious - what did you buy, Gina?

Janet

Sorefingers
Registered User
Posts: 117
(7/22/01 9:39:56 pm)
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Re: Getting insurance
A Wyss, made in Brugg, Switzerland, 2000. Lovely instrument - Guarneri copy - big bass register with lovely human-like voice on the top. It just keeps getting better the longer I have it - it will be a year in October.





Gina

Edited by: Sorefingers at: 7/22/01 10:56:00 pm
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Replies
Purchasing/Obtaining Insurance for a Cello Sorefingers 7/20/01 12:11:41 am
    Getting insurance Dick500 7/20/01 8:23:58 am
       I Second That... MaryK  7/20/01 10:54:18 am
       Re: Getting insurance Sorefingers 7/20/01 10:34:31 am
          Re: Getting insurance JanJan2 7/20/01 11:54:47 am
             Re: Getting insurance Sorefingers 7/22/01 9:39:56 pm



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