Orchestra Musical Instrument Insurance

The musical instrument insurance team at Anderson Group are experts when it comes to musical instruments. Peter Anderson,  owner and founder of Anderson Group has a deep and abiding relationship with the world of musicians.  Performing since the age of four, Peter now mixes his love of music with his exceptional knowledge of the insurance business.   Peter has dual degrees in music and business and has appeared regularly with the Boston Symphony Orchestras Tanglewood Festival Chorus since 1980.  He has been helping musicians insure their instruments since 1990 and with his staff can work with you to choose the right coverage’s for your individual needs.

We would be delighted to provide a no obligation analysis of your present coverage and design a program that specifically fits your needs!

If you would like more information on our Musical Instrument Insurance Products,
please click here to request information

PROGRAM HIGHLIGHTS

CAUSES OF LOSS

        “All Risk” Coverage, except as otherwise excluded (please click here for complete details)  is provided for your members instruments and related equipment and accessories.

VALUATION CLAUSE

        This coverage is provided on an "AGREED VALUE" basis. Simply stated, if we agree to insure your instrument, that Insurance limit will be the amount agreed to be the value for the purpose of this insurance. The extremely limiting and potentially very expensive (at claim time) Actual Cash Value "ACV" coverage limitation has been removed from this policy.

COVERAGE TERRITORY
Your instruments are covered on a Worldwide basis.

PROGRAM ADMINISTRATOR & BROKER
Anderson Group
933 Webster Street,
Marshfield, MA USA 02050-3423
(001) 781-834-1700

INSURANCE COMPANY

         OneBeacon Insurance Group is the underwriter of this program. A copy of the Anderson Group Musical Instrument Insurance Coverage Form (which makes up this policy) can be viewed here.

ADDITIONALLY ACQUIRED INSTRUMENTS

         We agree to extend coverage, under the same terms as indicated in the policy, for “additionally acquired” instruments in your care, custody, and control, for up to 90 days from the date the instrument was acquired. up to $100,000.

INSTRUMENT INSURANCE COVERAGE HIGHLIGHTS

         Generally, appraisals will be required to be not more than 3 to 5 years old for stringed instruments and bows greater than $5,000 in value.  Brass and Woodwind Instruments typically do not require appraisals as it is generally very easy to determine the value of these instruments from the manufacturer.   For new appraisals, we generally prefer that these be completed by any member of the American Federation of Violin and Bow Makers, Inc. or a Certified Member of the Appraisers Association of America, Inc. Other appraisers would need to be submitted for approval.

PREMIUM RATE

        We will design a very competitive rate after completing a full underwriting review and analysis of the overall exposure based on the total value of instruments insured. Once we have assembled all of this information we can usually turn around a proposal in five business days (maximum).

DEDUCTIBLE

         An “all perils”  deductible as low as  $ 0 is available for qualified orchestras.

CUSTOMER SERVICE

        All schedules are produced in our office. We guarantee to turn around any changes on your schedule within two business days. Updated schedules will then be emailed (preferred method) or mailed to either the management office, or to the members home; depending on your preference.

        Online access or phone access to our customer service center is available 24 x 7 x 365. More information can be found here.

        Live Support between 8:30A and 5:00P can be accessed by clicking on the Live Support Icon at the left of this page.

LOSS PAYABLE CLAUSE

         Losses will be adjusted with and payable to the individual participant of the Orchestra per the Schedule on file at Anderson Group at 933 Webster Street, Marshfield, MA USA 02050

THEFT FROM UNLOCKED VEHICLE EXCLUSION

         If your instrument(s) is in a vehicle, that vehicle must be kept locked at all times (other than shipments by carriers for hire). Coverage is provided for theft, pilferage, burglary or robbery only if evidenced by visible signs of forced entry on the exterior of the vehicle or vehicle lock(s).

TERRORISM COVERAGE

         Our policy extends coverage for terrorism losses covered by the Terrorism Risk Insurance at no additional cost.

If you would like more information on our Musical Instrument Insurance Products,
please click here to request information