Musical Instrument Insurance
Musicians have a special bond with their instruments. It’s a passion, often a livelihood. We offer insurance to give you the best possible protection for your instruments during performances, at home or your travels – in fact, all over the world.
Many of Scandinavia’s most prestigious orchestras have chosen Brookfield’s insurance. Our musical instrument insurance allows amateur and professional musicians alike to protect their instruments against damage, theft or loss. With years of experience, we offer you the same level of protection as enjoyed at the highest level.
Why buy musical instrument cover?
In the event of total loss, would you expect your insurance indemnity to pay for an equivalent instrument? If yes, then you need specialist musical instrument insurance. If your instrument can lose value if is repaired following damage, you need insurance to compensate you for this financial loss.
With Brookfield, the value of each instrument is agreed upfront when the policy is taken out, so you are guaranteed to get the amount you need to buy a replacement instrument of the same design and quality.
Which instruments can I insure?
Brookfield’s insurance is designed for most instruments and their accessories. We have experience in insuring everything from century old classical violins to more modern acoustic and electronic musical instruments, including their cases and any associated equipment.
If you are a member of a symphonic orchestra you can insure your violin, cello, oboe, flute, clarinet, bassoon, trumpet, trombone, tuba, harp or percussion with us, to name but a few.
Amateur musicians can also benefit from our wide cover for anything from a piano to a Fender guitar.
What damages are covered by the insurance?
Brookfield provides you with All-Risks insurance, including theft, loss, or accidental damage. The policy also covers in full damage that you may cause yourself, for example if you forget your instrument on a train or accidently step on it.
Brookfield’s musical instrument Insurance is there for you 24 hours a day, seven days a week – anywhere in the world. This includes performances, rehearsals, at home or when you travel.
How will I be compensated if my instrument is damaged?
We have handled many claims involving musical instruments and are aware of the situations that can arise. In crowds or while traveling, musical instruments can be damaged or lost, as can happen during intensive rehearsals with many people involved.
This is nothing unusual for us, and our claims handlers understand the consequences that result from a lost or damaged instrument.
Forgotten or lost musical instrument
If you forget or lose your instrument, you are covered by our insurance, as long as the incident is not subject to exclusions in the terms and conditions. We will compensate you for the instrument’s value according to the agreed amount.
Rental costs in the event of damage to a musical instrument
If your instrument needs to be repaired or replaced, you may receive compensation for the cost of renting a temporary instrument in the meantime.
Travel expenses in the event of damage to a musical instrument
If damage occurs during travel, we will compensate for necessary additional costs for transportation and accommodation arising in connection with the damage.
Compensation if your instrument decreases in value
If your instrument is repaired after damage but loses market value, we will compensate for the difference so that you can restore the value in your collection.
Brookfield instrument insurance in brief
- All-risk insurance
- Compensates for depreciation resulting from damage
- Covers transportation
- Automatic coverage of new objects
- Agreed value