Music Gear News
Musicians 'underestimating value of instruments'
Musicians have been advised to make sure their instruments are covered by their home insurance policy.
Indeed, nearly two-thirds of those polled said they do not know how much it would cost to replace certain items if a disaster struck their property.
Steve Chelton, spokesman for Swinton, commented: "Homeowners should take time to evaluate the cost of their home contents efficiently."
He warned that if there is a "significant gap" between the level of cover taken out and the actual replacement cost, people will be unlikely to recover the full value of damaged or stolen items.
According to figures from Halifax Home Insurance, about 7.8 million homes in the UK contain a musical instrument.Posted on 19 Aug 2009 16:00 to category : Music News
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