5. December 2018, author: Hansjürg Freund, photo: Manuel Nägeli (Unsplash)
Your household contents insurance covers ordinary musical instruments, hi-fi systems and music collections. But valuable items need more comprehensive of cover:
Whether electric guitar or violin, musical instruments can be expensive. So it’s worth taking out valuables insurance for them. It covers damage due to fire or natural forces, other types of loss or damage, and theft (but with a cover limit if the instrument is left inside a motor vehicle). As musical instruments are not always kept at home, valuables insurance offers another plus point: worldwide cover.
You can take out insurance for technical equipment to cover your amplifiers, public address systems and loudspeakers. This form of insurance provides the same cover as valuables insurance.
You will need these in order to have lost or stolen instruments replaced. Document items as soon as you acquire them.
In the case of very valuable collections, you should talk to Helvetia and determine the value in advance. That applies in particular to items with sentimental value. Helvetia has experts who can assess the value of your items. If a unique musical instrument is stolen, we have an excellent network at our disposal that can help us discover attempts to sell stolen items.
Make sure the sums insured under your household contents insurance and valuables insurance are high enough. Otherwise, your benefits may be reduced proportionately.