Music Gear News

At Gear4music.com we update our news channel daily to ensure you always get the latest and most important music news.

Musical instrument insurance 'is vital'

People should take out cover on their musical instruments, it has been claimed.
Great deals on musical instruments

Individuals need to take care with their musical instruments after a report discovered a quarter of performers have lost an item or had one stolen.

According to research carried out by Allianz Musical Insurance, the average cost of replacing gadgets such as a guitar or drum kit is £650.

Some 54 per cent of respondents observed they do not have insurance to protect against losses, while 60 per cent admitted their own forgetfulness had played a part in the thefts.

Leaving items such as keyboards on public transport and hotels were among the top five reasons given for missing instruments.

Robin Stagg, Allianz Musical Insurance claims manager said, "Musicians are often leading busy lives attending performances and gigs and as our research shows, there are occasions when instruments are lost or stolen."

He added 69 per cent of those with cover cited financial reassurance as the reason behind taking it out.

The potential for long-term value with instruments has been highlighted by Slash's decision to sell off two signature Gibson guitars.

Both of them are expected to raise a lot of money for the Los Angeles Youth Network, a charity that helps homeless, abused and neglected adolescents to improve their quality of life.

Save money now and buy online today

 ADNFCR-2133-ID-800417146-ADNFCR

Posted on 21 Feb 2011 13:26 to category : Instruments News

Related Music News

thumbnail

Built to complement the modern percussive musician, the SPD::ONE range exhibits complete versatility and adaptability in the face of live performance.

26 May 2017 12:25
thumbnail

TC Helicon launch VoiceLive 3 Extreme vocal and guitar FX unit at Musikmesse 2015.

14 Apr 2015 16:15
thumbnail

TC Electronic expand the Ditto Looper lineup with the Ditto Stereo Looper.

14 Apr 2015 06:45
thumbnail

TC-Helicon have launched the Switch-6, a footswitch with, yep, 6 switches.

23 Sep 2014 16:49
thumbnail

A special edition version of the popular TC Electronic Ditto Looper pedal has been announced.

22 Jul 2014 16:00
thumbnail

The Play Acoustic is the first ever combined vocal and electro-acoustic guitar processer.

13 May 2014 16:00

Recent Music News

thumbnail

Building upon the success of the acclaimed Hall of Fame Reverb Pedal, the second instalment from TC Electronic sees a much more refined and modern rendition.

26 May 2017 09:55
thumbnail

Novation's Circuit Groovebox is now more expressive than ever, with new firmware granting players exciting new updates to enhance their playing experience

25 May 2017 11:53
thumbnail

Complete with integrated Wi-fi capabilities the Ui24R Recording and Mixing System can operate almost anywhere with unprecedented control and access.

24 May 2017 12:51
thumbnail

Following CITES agreement last year, Fender has announced that their Elite guitar and bass range will be subject to strict regulation and substitution of woods.

23 May 2017 12:21
thumbnail

A reinterpretation of its predecessor, the Moog Subsequent 37 CV Analog Synth builds upon a cumulative effort between Moog and the very people who play them.

18 May 2017 16:00
thumbnail

With the advent of various new files formats and the cancelling of several licensing programs, the MP3 is speculated to soon become a thing of the past.

17 May 2017 12:40