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Topic: Re. Steel Guitar Insurance...Who does it....is it ok?? |
John Davis
From:
Cambridge, U.K.
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Posted 22 Sep 2014 10:43 pm |
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If I lend a forum Bro who is visiting the UK a steel can I get it insured against loss or damage.
Thanks for any info y`all can provide  |
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Bob Hoffnar
From:
Austin, Tx
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Posted 23 Sep 2014 12:04 am
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You would need to check your policy. Insuring something that is not in your possession might be tricky.
_________________
Bob |
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Mike Perlowin
From:
Los Angeles CA
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Stephen Gambrell
From:
Over there
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Posted 23 Sep 2014 10:22 am
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I have my homeowner's and car insurance with USAA, and they offer musical instrument insurance.
Last edited by Stephen Gambrell on 23 Sep 2014 5:40 pm; edited 1 time in total |
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Richard Sinkler
From:
aka: Rusty Strings -- Missoula, Montana
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Posted 23 Sep 2014 10:31 am
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Does instrument insurance in the U.S. work in the U.K.?
_________________
Carter D10 8p/8k, Dekley S10 3p/4k C6 setup,Regal RD40 Dobro, Recording King Professional Dobro, NV400, NV112,Ibanez Gio guitar, Epiphone SG Special (open D slide guitar) . Playing for 54 years and still counting. |
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Lane Gray
From:
Topeka, KS
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Posted 23 Sep 2014 11:46 am
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I believe it does, so long as the gear isn't in commercial use (oops) and the gear was kept at home within the last 30 days.
EDIT: American insurance isn't really relevant for a Brit loaning British-based gear to someone traveling thru Britain.
You'd have to look to British insurance or trust the borrower to make you whole in the event of loss. My money says insuring gear out on loan won't come cheap.
And if you don't trust THAT borrower to do that, perhaps you shouldn't lend him gear.
If you wouldn't trust ANYONE, perhaps you're not suited to lending gear
_________________
2 pedal steels, a lapStrat, and an 8-string Dobro (and 3 ukes)
More amps than guitars, and not many effects
Last edited by Lane Gray on 23 Sep 2014 12:55 pm; edited 3 times in total |
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Mike Perlowin
From:
Los Angeles CA
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Richard Sinkler
From:
aka: Rusty Strings -- Missoula, Montana
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Posted 23 Sep 2014 2:46 pm
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When I had renter's insurance, my equipment was not covered for damage or theft from the house because I use it to play outside the house and sometimes make money with. The first time, I was able to get a rider to cover my equipment. The second time, the insurance company would't insure my stuff and I would have had to go to a different company.
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Carter D10 8p/8k, Dekley S10 3p/4k C6 setup,Regal RD40 Dobro, Recording King Professional Dobro, NV400, NV112,Ibanez Gio guitar, Epiphone SG Special (open D slide guitar) . Playing for 54 years and still counting. |
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Herb Steiner
From:
Spicewood TX 78669
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Posted 23 Sep 2014 4:14 pm
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What Lane said...
_________________
My rig: Infinity and Telonics.
Son, we live in a world with walls, and those walls have to be guarded by men with steel guitars. Who's gonna do it? You? You, Lt. Weinberg? |
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Edward Rhea
From:
Medford Oklahoma, USA
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Posted 23 Sep 2014 4:16 pm insurance for instruments
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This thread is timely, for me anyway. I've often wondered which insurance companies even offer such a thing. I've attained some instruments that I feel would be difficult to replace. Mostly I'd probably want it for when I play outside of home. Thanks for the info and to John for starting the conversation!
Sorry about the intrusion...I'll lay back and let the "adults" talk
_________________
“TONESNOB†|
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Herb Steiner
From:
Spicewood TX 78669
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Posted 23 Sep 2014 4:23 pm
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I believe there was/is a player in Austin who had a simply set-up S-10 guitar that he rented/rents to traveling bands needing a steel in Austin.
It could be simply an urban legend I've heard, but could possibly be a somewhat occasional thing during a busy week like Austin City Limits or SXSW, or the regular alternative bands that hit town.
_________________
My rig: Infinity and Telonics.
Son, we live in a world with walls, and those walls have to be guarded by men with steel guitars. Who's gonna do it? You? You, Lt. Weinberg? |
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Bill Cunningham
From:
Atlanta, Ga. USA
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Posted 23 Sep 2014 5:03 pm
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Not sure about the UK but I too have a Clarion policy. Homeowner's policy typically has a low maximum payout unless you have a rider which is costly. Also if you have any musical income you are a"pro" and your homeowners does not cover you. My 2 small 1099's every year convict me as a pro. For 2 Mullen G2's, 2 martin flat tops, several nice basses, amps, and assorted other stuff I pay a little over $200 per year. Insured in the house, in the car, on the job,etc. Great peace of mind. Prices vary depending on your neighborhood.
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Bill Cunningham
Atlanta, GA |
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mike nolan
From:
Forest Hills, NY USA
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Posted 23 Sep 2014 7:03 pm
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https://www.anderson-group.com/
These are the only folks who cover your gear for gigs, rentals, transport, shipping, etc. We got a reasonable deal through our AFM local (802) We tried other companies, but there was always some scary fine print......
When I do my regular duo gig with my wife, who is a harpist, we are hauling about $30,000 worth of gear around. |
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John Davis
From:
Cambridge, U.K.
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Kevin Mincke
From:
Farmington, MN (Twin Cities-South Metro) USA
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Posted 25 Sep 2014 12:20 pm
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| I think you'd be better off to draft your own legal agreement that includes compensation should damage or theft be an outcome during loan and use of instrument. It would hold up in civil court at least. |
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Herb Steiner
From:
Spicewood TX 78669
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Posted 25 Sep 2014 2:52 pm
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| Kevin Mincke wrote: |
| I think you'd be better off to draft your own legal agreement that includes compensation should damage or theft be an outcome during loan and use of instrument. It would hold up in civil court at least. |
In theory, I'd agree. But we live in reality, not theory. Winning a lawsuit against a steel player is like getting the right to squeeze a rock for all the water you can get.
Like my attorney once told me when I was president of my POA, "if you have to go to court before a judge, you've lost even if you win" in terms of lost time, headache, stress, et al.
You loan something out, you take on risk. The payoff might be money, good karma, brownie points, or altruism. Assess the qualifications and then make the decision based on what makes you comfortable.
Famous financier Bernard Baruch used the "sleep" criteria: If the size of your involvement in the deal keeps you up at night, you're overleveraged.
_________________
My rig: Infinity and Telonics.
Son, we live in a world with walls, and those walls have to be guarded by men with steel guitars. Who's gonna do it? You? You, Lt. Weinberg? |
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Tony Glassman
From:
The Great Northwest
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Posted 25 Sep 2014 7:34 pm
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| I have State Farm insurance with a "professional musician" floater policy. The home insurance policy covers my gear at my house & the floater covers it at gigs and in transit. It costs me about $70 per year which allows me to sleep much better at night |
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John Davis
From:
Cambridge, U.K.
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Posted 29 Sep 2014 11:43 pm
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 I note a couple of replies seem a little sceptical about the idea or motives for my getting involved in helping so to explain.......
I guess its in response to the kindness and generosity that I have been shown each and every time I have visited the USA., people like Bobby Bowman, Steve Robinson,Tommy Cass, Mike Sweeney, Jerry Fessendon and lots of others that have welcomed me into their homes when the only introduction has been via this forum or chat rooms previously, plus all the Steel guitar clubs from Maine to San Antone that have made me welcome (and listened to me play bum notes!)
I guess what I am trying to say is that I have not come across any A$$holes in the steel guitar brotherhood yet, maybe I am Naive but I prefer to think we are a little different.... Waddaya think??  |
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