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Insurance for musicians - Why you need instrument insurance (2023)

Story by Staff Writer, February 15, 2023 11:59 PM EST - Buffalo, NY

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As a musician, your instruments are more than just tools of your trade. They're your prized possessions, and you've likely invested a significant amount of time and money in acquiring them. Whether you're a professional musician or an amateur, it's crucial to protect your instruments from theft, damage, and loss. The best way to do that is by getting insurance for them. Here are some reasons why you should consider getting instrument insurance:

Protecting your investment

Your instruments are valuable assets, and you've likely spent a lot of money to acquire them. You may have saved for years, taken out a loan, or borrowed money from family and friends to buy them. Many musicians, including our own agents, finance instruments regularly.

It's important to remember that when you're paying on these instruments, you are responsible to pay for them even if they are stolen or damaged. We've found that many of our customers with instrument insurance purchased it specifically because they had an installment plan on the instrument.

Without insurance, you could lose your investment in a matter of seconds. Whether your instrument is stolen, damaged in transit, or lost, insurance can help you recoup your losses and replace your instrument.

Coverage for all types of instruments

No matter what type of instrument you play, there's an insurance policy that can cover it. We provide insurance for guitars, basses, drums and a variety of traditional and electronic instruments. You can also get coverage for your accessories, such as your microphones, cables, and pedals.

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Affordable, practical rates

Many musicians are under the impression that instrument insurance is too expensive. However, that's not necessarily true. You can find affordable insurance policies that provide comprehensive coverage for your instruments.

Most often these policies are offered on a stated value basis, which means your agent can give you an agreed upon value should the instrument(s) be damaged or stolen.


Every musician should consider getting insurance for their instruments. With the right policy, you can protect your investment, have peace of mind, and focus on your music without worrying about the safety of your instruments. Don't wait until it's too late. Contact Encompass Agency today to learn more about our instrument insurance policies and get a quote.

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A licensed agent in Florida, New York, Ohio, Pennsylvania, South Carolina, Tennessee & Virginia

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