Overview
Musical Instrument Insurance
CCW Global can provide comprehensive coverage for musical instruments under an event insurance policy.
Offering damage and destruction protection for all musical instruments, and their accessories, an event insurance policy which includes an instrument coverage benefit is the perfect solution to offset the risk of damage to important pieces of equipment for musical functions, including concerts, recitals, and sometimes weddings.
Coverage
Musical Instrument Insurance Coverage
Under a Musical Instrument Coverage benefit on a Hong Kong Event Insurance plan, the event organizer is covered for any accidental damage or destruction, or any instances of burglary or theft with threat or deception, for all musical instruments used in the production.
Instruments covered under this type of event insurance benefit include:
- Classical Instruments
- Traditional Instruments
- Electric and Electronic Instruments
- Instrument Accessories
- Instrument Spare Parts
- Instrument Cases, including flight cases, special cases, or transportation boxes
The coverage offered to musical instruments under this optional benefit starts upon receipt of the instruments by the policyholder and remains in force for the entire duration of the event (set-up, performance, and dismantling), ending when the instruments are handed back over at the completion of the show.
Should the organizer or the band own the instruments then they are covered against the instruments accidental damage or destruction for their purchase value, minus a 0.5% monthly depreciation from the initial purchase date.
Should the organizer or band be renting the instruments being used for the show, or if the instruments are being provided on loan, then the insurance will pay out for the real value of the items following a loss from accidental damage or destruction.
It is important to note that existing damage to the instruments is not covered under this coverage benefit, nor is intentional damage to the instrument by the artists. As such, it should be understood by the artists that mirroring The Who and smashing guitars during a show will not be covered under a musical instrument coverage benefit provided by an event insurance plan from CCW.
Quotation
Free Instrument Event Insurance Quotes
If you would like to receive a free quote for an event insurance policy which includes musical instrument coverage, please complete this form. Once you have submitted your request an expert event insurance broker from CCW Global will be in touch to further discuss your specific insurance needs.
For any other questions you may have, or to speak directly with an advisor, please Contact Us.
We have received your enquiry, it may take us 1-2 working days to respond to your enquiry.
In case of urgent assistance please call our office at (+852) 2114 2840 during business hours.