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Artist News Business News
Quarter of musicians have lost instrument
By CMU Editorial | Published on Monday 21 February 2011
A quarter of musicians have lost or had their instruments stolen, yet less than half bother to take out insurance. The message there, I think, is that if you play music for a living it might be worth insuring your kit. Though this stat has come to us via an insurance firm, so make of that what you will.
The top reason for artists being parted from their instruments is theft from a vehicle, though accidentally leaving a guitar or whatever at a venue, in a hotel or on the train are also given as reasons. Perhaps musicians could just be less forgetful.
Anyway, here’s what Robin Stagg of insurers Allianz has to say: “Musicians are often leading busy lives attending performances and gigs, and as our research shows, there are occasions when instruments are lost or stolen. Whether you’re a parent buying an instrument for your child, learning to play or a serious musician it is important that you consider the financial protection that you have in place for your instrument”.
He added: “Our research also showed that of those musicians who do have insurance cover for their instrument, 69% cited the ‘reassurance of financial protection’ as really important to them. Specialist musical instrument insurance can provide them with this peace of mind and protection for their instrument when they are outside of their home”.
