Optimally protect valuable instruments
Protect your valuable musical instrument with customised instrument insurance from nextsure – digital, straightforward, and reliable against theft, damage, and loss.
Comprehensive coverage possible
Replacement value compensation
Worldwide Protection
Why musical instrument insurance is indispensable
Protection against Theft & Robbery
Protection against Damage
Replacement in Total Loss
Transport Safety
What damages are covered by the instrument insurance?
The musical instrument insurance from nextsure offers comprehensive coverage against a variety of risks that may threaten the value of your instrument. At its core, it often includes all-risk coverage, providing protection against damage, destruction, and loss, unless the damage is explicitly excluded. Typically covered damages include: Theft (including simple theft and burglary), robbery, transport damages (during loading, travel, unloading), damages from dropping, knocking over, or operational errors. Also frequently covered are damages caused by fire, lightning strikes, explosions, water damage, and natural events such as storms, hail, or flooding. Optional modules can extend the protection. nextsure places importance on transparent conditions, so you know exactly how your instrument is protected.
Tailored Protection
Our service modules for your musical instruments
Comprehensive coverage
Comprehensive protection against almost all everyday hazards.
Theft protection
Worldwide, even in cases of simple theft and robbery.
Damage
In case of falls, transport, or unfortunate incidents.
New value coverage
Replacement at new value without age-related deductions.
Night Clause
Insurance cover even at night in a locked vehicle.
Accessories included.
Bows, cases, tripods, and other equipment are also insured.
Valid worldwide
Your instrument is globally protected while travelling.
Digital Service
Simple online completion and quick claims reporting.
Rental instruments
Optional coverage for rental instruments in case of damage.
Individual protection for every instrument and every situation, digital and easy.
Is the music playing with you?
Protect your instrument now with optimal coverage!
Who benefits from musical instrument insurance?
A musical instrument insurance is extremely advisable for a wide range of musicians and institutions. Professional musicians, for whom the instrument is their livelihood, benefit significantly from comprehensive protection. Any failure or damage can directly lead to loss of earnings. Music students, who often require high-quality instruments for their education and transport them frequently, are also a core target group. Ambitious amateur musicians, who have invested in valuable instruments – whether it's a high-quality guitar, an antique piano, or a professional drum set – should also consider insurance. The sentimental value is often priceless, but the financial loss can be mitigated through insurance. Furthermore, insurance is relevant for orchestras, music associations, and music schools, which have a larger inventory of instruments. In general, the higher the value of the instrument and the more frequently it is transported or used publicly, the more urgent a special instrument insurance becomes.
Replacement Value vs. Current Value Compensation: Which is Better?
When it comes to insuring your musical instrument, you are often faced with the choice between replacement value compensation and current value compensation. Replacement value compensation is usually the better choice for musicians. It means that in the event of total damage or theft, the insurance covers the costs for acquiring a new equivalent instrument, without deductions for age or wear and tear ("new for old"). This is especially important as the prices for high-quality instruments tend to rise. Current value compensation, on the other hand, takes into account the instrument's current value, considering age, usage, and overall condition. This can result in significantly lower compensation. For musicians who rely on their instrument, replacement value compensation offers significantly higher financial security. Nextsure therefore generally recommends policies with replacement value compensation.
Instruments on the go: Insurance coverage for travel and concerts
Musical instruments are often loyal companions on journeys, at concerts, rehearsals, or in classes. However, when travelling, they are exposed to increased risks. A good musical instrument insurance therefore provides worldwide protection. It is important that the insurance coverage does not end at national borders and explicitly includes all types of transport (car, train, plane, ship). Storage outside of your own four walls, for example in rehearsal rooms, studios, or at events, should also be covered. Specific scenarios such as damage during an open-air concert due to sudden rain or theft from a dressing room should be included in the insurance cover. The musical instrument insurance from nextsure is designed to provide you with the necessary security while on the move, allowing you to fully concentrate on your music.
Theft Protection for Musical Instruments: Prevention and Insurance
The theft of a musical instrument is a nightmare for any musician. Prevention is therefore the first important step: Store your instrument securely, never leave it unattended in public places, and use lockable cases. Individual markings can make identification easier. Despite all precautions, musical instrument insurance comes into play in case of theft. It should offer protection against different types of theft: burglary, robbery, and ideally also 'simple theft' (removal without overcoming special security measures). nextsure offers plans that comprehensively cover these risks and provide financial compensation in an emergency, allowing you to continue your musical pursuits. Clarify in particular the protection at night in the vehicle.
Specialized
in niches
Digital and
Transparent
Faire
Terms and Conditions
Musical instrument insurance costs: rates and contribution calculation
The cost of musical instrument insurance depends on several factors. The most important factor is the insured value of your instrument. The type of instrument also plays a role; some instruments are more prone to damage. Other relevant aspects for the premium are the chosen insurance coverage (e.g., all-risk coverage, inclusion of simple theft), the agreement of a deductible (a higher deductible reduces the premium), and any security measures taken. Usage (private, professional, frequent transport) can also be considered. At nextsure, you can transparently calculate your individual premium online or request a personal offer. Our goal is to provide you with tailored and fairly priced protection for your valuable instrument.
The correct insurance value: How to determine it accurately
Accurately determining the insured value is crucial to receiving appropriate compensation in the event of a claim and avoiding underinsurance. For new instruments, the purchase price (including VAT) serves as the basis. For used instruments, the current market value or replacement value should be applied. For particularly valuable, rare, or antique instruments, an appraisal by a recognised expert is often essential. This not only documents the value but also the condition and authenticity. It is advisable to regularly review and adjust the insured value, as market values can change. nextsure supports you in setting the correct insured value for your instrument to avoid financial disadvantages in the event of damage.
Claim: What to do if the instrument is damaged or stolen?
In case of damage or theft of your instrument, swift action is important: 1. Damage mitigation: Secure the instrument to prevent further damage. 2. Report theft: If stolen, report it to the police immediately. 3. Inform insurance: Report the damage to nextsure without delay. Have your contract number ready. 4. Document damage: Take detailed photos, collect evidence (purchase receipt, cost estimates, police report). 5. No unauthorized repairs: Coordinate repairs with nextsure beforehand, except for emergency repairs to mitigate damage. 6. Provide information: Complete the claim form truthfully and thoroughly. nextsure will guide you through the process for prompt settlement.
Are borrowed or rented instruments insurable?
nextsure sees itself as your digital specialist and reliable partner for the protection of your valuable musical instrument. As a modern insurtech company, we combine expert knowledge in niche insurance with fully digitalized and user-friendly processes. Our mission is to offer you tailored and easy-to-understand insurance solutions. For your musical instrument insurance, this means: simple online conclusion, transparent rate design, and fast, straightforward claims handling. We understand that your instrument is more than just an object. That's why we offer flexible coverage concepts tailored to your individual needs as a musician. Trust nextsure for digital insurance protection that keeps pace with the times.
