Protecting your music studio comes naturally to a musician. Whether it is the condenser mic that you so painstakingly bought some time back or, the echoplex you just invested in, the idea is to make sure they are protected, are well-maintained, and don't bother you just when you plan to conduct your recording. Music is not just your passion, but it also seems to be holding a great part of your life, which is why investing a few thousands in it doesn't seem to bog you down much. If you want to live a stress free and comfortable life, you may want to invest in the apt music studio insurance, which offers the monetary comforts of insurance, and brings peace and order in the life of a musician, which is indeed a rarity. Many of you believe that insurance costs you more, and affects your savings. Just imagine the time when you may have to go through crisis, and compensate from your savings? That would be more expensive than the entire amount your insurance probably costs you.
Like owning the music studio, investing in the insurance requires understanding of what are all the liability elements in the studio, and what kind of cover will best suit your purpose. Here we will take through all the steps that should be followed before purchasing the studio insurance.
Are you insured?
The first question that you may want to answer first is whether your music studio is insured or not. This question will lead to the next question that will help you buy the insurance for your studio.
If you do have insurance, you need to study it and find out what all things are covered by this insurance. Is the property your studio placed in insured with this cover? Are all the assets in your studio covered under this insurance? Do you believe your existing insurance takes care of medical bills, health, accidents and any other liability you are likely to face? These questions will help you decide if you need insurance cover specifically for your needs or, you can rely on the existing insurance.
Do you tour?
Once it is settled that you do need music studio insurance, the second question that arises is whether you tour or not. If you are the kind that goes on a tour with musical instruments, the insurance cover would need to include the maintenance and requirements of the instrument while moving around.
If you don't tour, you will need a basic studio insurance that covers all your gear, audio equipment, and takes into account health and worker's compensation- the requisites for anyone who owns a music studio.
What premium you should pay?
Once you are ready with what you want to include in your insurance, it is time to work out the premium you should be paying for the insurance cover. There will be various providers and each will give you different quotes. It is up to you to compare these quotes and choose one who you believe will offer you value for money. The premium will differ as you include the different additions to your policy. If you want to just include the property, the price will differ from when you are planning to include all the liabilities and assets.
When choosing music studio insurance provider, rate experience and their different solutions higher as compared to the price they quote.