Orchestra Musical Instrument Insurance
The musical instrument insurance team at Anderson Musical Instrument Insurance Solutions, LLC 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 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 1991and 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!
CAUSES OF LOSS
“All Risk” Coverage (please click here for complete details) is provided for your members instruments and related equipment and accessories.
We use an “AGREED VALUE” clause as the basis of valuation. 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.
Your instruments are covered on a Worldwide basis.
PROGRAM ADMINISTRATOR & BROKER
Anderson Musical Instrument Insurance Solutions, LLC
1570 Lakeview Drive
Sebring, FL 33870-7959
+1 (781) 834-1700
Hanover Insurance Insures the Anderson Musical Instrument Insurance Solutions. LLC Musical Instrument Insurance Program worldwide. A copy of the Anderson Group Musical Instrument Insurance Coverage Form can be viewed here.
INSTRUMENT INSURANCE COVERAGE HIGHLIGHTS
Generally, appraisals are required to be dated within the past 5 to 10 years old for stringed instruments and bows with values greater than $10,000. Brass and Woodwind Instruments typically do not require appraisals. For new appraisals, we 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.
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).
We offer monthly, quarterly, semi-annual or annual installments without billing or interest charges. We are also willing to split bill the orchestra and musician for non orchestra reimbursed instruments according to the terms of your bargaining agreement. If you elect split billing we will also identify those instruments that are musician billed along with a breakdown of musician/orchestra paid items on the schedule of covered instruments.
An “all perils” deductible as low as $ 0 is available for qualified orchestras.
All schedules are produced in our office. Our service level 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 Monday through Friday; Eastern Time 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 Musical Instrument Solutions, LLC
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).
Our policy includes coverage for Flood losses at no additional cost.
Our policy includes coverage for Earthquake.
Our policy extends coverage for terrorism losses covered by the Terrorism Risk Insurance Act at no additional cost.