Please click on any of the question below

1Does my homeowner’s policy cover my musical instruments?
  • Most homeowner’s policies will cover musical instruments up to a stated maximum limit. $2,000 in most cases. If you have an instrument valued more than this amount, you should consider Musical Instrument Insurance. Also see policy valuation types below.
  • Most homeowner’s policies will never cover an instrument is used being used in a paid performance. That is considered business use and if a loss happens while being paid for a performance, your homeowner’s policy most likely will not pay. Under all circumstances, do ask your local agent and request that he or she replies in writing to confirm you would be covered during “Pay for Play”. Musical Instrument Insurance with Anderson covers casual, professional, and business use of your Musical instruments.
  • Did you realize your homeowner’s policy does NOT cover flood damage? Unless you have a separate flood policy covering personal property, there is no coverage for your musical instruments. Musical instrument Insurance covers flood damage to listed instruments!
  • Did you know your homeowner’s policy does NOT typically cover earthquake damage, let alone earthquake damage to musical instruments?
  • Musical Instrument Insurance cover many perils not normally covered on a homeowner’s policy, such as falling, cracking, etc. Every claim is reviewed by a company adjuster to confirm coverage; however, a homeowner’s policy will not pay for a musical instrument breakage due to bumping, falling, dropping etc.! There are no listed perils like these listed on a homeowner’s policy! (A complete copy of the Custom Crafted Anderson Musical Instrument Signature Policy coverage form is available here).
  • Our musical instrument insurance policy offers deductibles as low as $-0- up to an average of $100 and for string bass only the “all perils” deductible is $500.00. Your homeowner’s policy may have a deductible upwards of $1,000 or possibly even higher!
  • Your musical instrument insurance policy will provide stated value coverage for your instrument, while your home policy may only provide Actual Cash Value (Replacement Cost minus Depreciation). Typically, musical instruments that are in top condition generally have little to no depreciation, so this is a considerable question to ask your agent! You would not want to find yourself in a predicament! Also see policy valuation types below.
  • Does the total value of your musical instruments get deducted from the Personal Property (Coverage C) portion of your policy? If so, please remember that coverage is there to replace your personal property from linens to appliances! Adding replacement musical instruments under that coverage may take away much needed coverage.
  • 2Do you have a multi-policy year discount?
    Yes! We offer a fantastic 3-year guaranteed policy option. We ask for 2.25 annual premiums, and we will issue a fully paid up 3-year policy. This offers an additional savings of 25% per year! .
    3I want to purchase a multi-year policy. Is there any “fine print”?
    Policies cancelled within the 3-year policy term will receive a chargeback, reversing “unearned” discounts for cancellations or instrument removals mid-policy term. We recalculate your policy premium when we receive these requests. Midterm policy change requests, adding and deleting instruments, are calculated and billed based on the total number of days remaining until your policy expiration on a pro rata basis.
    4How do I make changes to my policy?
    To add new items, please email, include the year (or circa year built) make, model and serial # along with the requested insurance value for each item. In addition, please attach a copy of your bill of sale or other proof of ownership AND photographs (front and back) for each instrument. To delete item(s), please email and let us know the item(s) that you wish to remove and the requested removal date. (Changes are typically processed in one to two business days).
    5Where do I mail requests for customer service, premium payments, and correspondence?

    Anderson Musical Instrument Insurance Solutions, LLC

    1570 Lakeview Drive

    Suite 2A

    Sebring, FL 33870-7959

    6I sold my instrument, when will I receive a check for the return premium?

    Credits of $24.99 or less are held on account and applied towards your renewal for any policies renewing in six (6) months or less. Credits of $10.00 or less will be held on account and applied towards your renewal. Policy cancellation requests and return premiums of $25 or greater will be mailed to the latest address on file within 5 business days or returned to your credit card if we have this information on file.

    7Can I insure instruments that I own that I rent to others?

    Yes, after you receive underwriting approval from us.

    8What is the cost to insure instruments rented to others (after approved by our office).

    Woodwinds, Brass and String Instruments rented to others:

    Pedal Harps rented to others:

    Lever Harps rented to others:
    9How do I insure my instrument(s) if I want to rent it to others?

    Please submit the below to and provide the following information:

    • Name and address of your renter.
    • A copy of your agreement between you and your renter. (We require that you hold your renter responsible for the first $500 (or more) of damage in writing.)
    • Please let us know the Year, Make, Model, Serial number and Itemized value for the instrument that you would like to rent to others.
    • Provide a brief background of your renter’s background and experience handling (and caring) for any instrument that you want to rent to others.
    • Please let us know the extent that this instrument will be away from your renters’ premises, along with your renter’s experience transporting this instrument.
    • If your rental instrument is left away from the renters’ premises, describe how this instrument will be protected when it is not being played or is unattended.
    10Insurable Interest: What is this and how do I prove that I have an insurable interest?

    Proof of an insurable interest is required BEFORE an insurance policy is issued. Once we receive proof of insurable interest, we are allowed to issue a legally binding contract of insurance. If you are unable to prove insurable interest, it is impossible for you to suffer a financial loss! (Please refer to our to review the exact policy language.)

      What items are acceptable to establish that you have an insurable interest?

      — Bill of sale issued to you in your name, ⁣/p>

      — Appraisal issued in your name confirming you have an insurable interest to support your bill of sale or private purchase agreement or inheritance.

      ⁣—Affidavit of ownership signed by you, listing all pertinent items along with your declaration under penalty of perjury that you are the rightful owner of this item(s) and or instrument(s).

      — Court or any other legal document for instruments that are inherited, gifted, or furnished to you for your use and enjoyment.

      — Any other proof of provenance (ownership or custody) which confirms you are not attempting to insure an instrument that presents a “moral hazard” along with the potential future fraudulent claim. If you do not have an insurable interest, there is a clear motivation to submit a fraudulent claim. These type of claims increase cost to insurance companies and are direct contributors of eventual overall increases in cost of premiums for all policyholders.

      -—Similarly, it is for this same reason that we request additional documentation for some instruments that based on our experience have a valuation request that might as well present this same “moral hazard”.

      11Anderson Group emails do not make it past my SPAM filter. What can I do?

      We rely on email delivery for 99% of our communications and policy deliveries. In the chance that you have not received a quote or your policy renewal or invoice, please refer to your SPAM or JUNK MAIL filter to see if there are any emails from

        If mail from us has been snagged by your spam or junk mail filter, please add to your contacts. This will guarantee an orderly flow of email from our office to your email.

      12What is the difference between replacement cost, stated value, and other policy valuation types?

      We get this question a lot. We feel this a key part of how differentiate ourselves from the competition! Here is the breakdown on the coverage types.

      Actual Cash Value:

      Actual cash value coverage (”ACV”) is something that you want to avoid wherever possible. This valuation clause, typically found on most homeowners and commercial property policies, subjects you to a potential for a depreciated settlement at claim time if you are insured at less than 80%, 90% or in some cases, even 100% of the “replacement” cost of the insured property. The typical insurance industry’s definition for ACV is the:

      Cost to replace your instrument with a new instrument of similar like kind and quality, less depreciation.

      What does this mean? If you do not keep the value up to date on your instrument to 80% to 100% of “replacement cost” and have an ACV clause on your policy and experience a coverage loss, you may well receive less, and possibly significantly less, for the repair or replacement of your instrument. The good news is that most musical instrument policies, including Anderson Group’s, DO NOT place an ACV valuation clause on their policies.

      Replacement Cost:

      Stated Value:

      With “stated value” coverage, both you and the insurance company have stated up front on how much your instrument(s) and accessories are worth! Should you experience a covered loss, the insurance company will pay up to the “stated value” in the case of repair or the “stated value” if your instrument has been lost, stolen, or damaged beyond repair. How do we come up to a mutually agreeable “stated value”? For instruments currently being produced, we will typically accept the current year replacement cost to replace your instrument(s). In other cases, we may request an appraisal. In all cases, we will let you know whether we will require an appraisal or not. 99% of the policies issued by Anderson Musical Instrument Insurance Solutions, LLC utilize the “stated value” clause in the policy.

      Diminished Value:

      The Anderson Group Musical Instrument Coverage Form also includes additional coverage should your instrument suffer a reduction in value due to a covered loss, up to the maximum “stated value” limit for the instrument in question.

      In all cases, please refer to the actual policy for complete details available here If these coverage types and what makes us different from the competition is unclear, please feel free to contact us We are here to help.

      13Why do we charge a policy fee for our instrument insurance programs?

      Our clients expect a stable, low-cost solution to insuring their instruments. Insurance agencies derive the majority of their revenue from commissions from their insurance company at a pre-determined percentage of the premium. Candidly, without the policy fee, the revenue to administer and service our clients would generate a loss after payroll and other expenses associated with servicing musical instrument insurance at our very low rates and total premium cost. Our options were two-fold; considerably raise the minimum premium to increase our agency revenue thus allowing us to cover our costs as well as be profitable or add a small policy fee of $15.00 to $25.00 per year. We chose the second option and after checking out your options, we are proud to say that the policy fee approach is considerably more favorable to our clients.

      Fees have become common place both for insurance agencies and many other service-related businesses. The overall impact to you is that you are paying less than you would pay then you would have to pay if we did not charge this administrative fee. Do not take our word for it – ask your colleagues or contact us, and we will be happy to give you the names of the other agencies in the country that are offering musical instrument insurance.

      Our minimum premium plus the $15.00 to $25.00 annual policy fee is considerably less than the competition – and we intend to keep it that way for as long as claims continue to run favorably. We very much appreciate your business and look forward to serving your instrument insurance needs for many years to come. Should you have any additional questions, please contact us.

      14What is our credit card “return” policy?
      You may cancel your policy with a full return of your premium (your policy fee is always considered fully earned) by notifying us in writing within 30 days of delivery of your certificate declarations page for a full refund. You may cancel your policy at any other time and receive a pro rata refund of the unearned / unused premium by notifying us in writing. We will return your unearned premium by mailing a check to your latest insured address on file within 5 days of receipt and approval of your request to cancel coverage or process a credit card return if we have your credit card information on file.

      15When can I expect a refund on any unearned premium, if any, if my coverage is cancelled by me?
      We will calculate a “return premium” based on the number of days to your normal policy expiration date. We will refund and mail our check for any credit balances greater than $25.00 within 30 days of the date your policy cancels to the latest address that we have on file. (Your annual policy fee is fully earned on the inception date of your policy and is non-refundable).
      16Why do we require “cookies” on our Secure Make A Payment page on our website?
      We decided many years ago to utilize a secure payment service provider along with an “SSL EV” Extended Validation Certificate offering assurance to our clients that you are truly on our website. This EV SSL technology is a totally secure option to display a payment page that safely and securely handles your credit card transaction details. EV SSL technology requires the use of cookies. There is nothing we can do to disable this. But the use of cookies is purely for technical, and ironically, security reasons. It is not done to enable tracking of users for the purposes of ad targeting or anything else.
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