Hi guys. I must admit, I've been an idiot and never gotten around to insuring my instruments. Can any of you recommend a good place to get appraisals? I checked Gruhn's website, but he charges $50 per appraisal. With over 40 guitars, that's a pretty big chunk of change.
Also, how often should I update the appraisals?
Also, do you recommend a floater on my homeowner's policy, or just a separate policy through Heritage?
Thanks for all the great info! Calling my agent about my guitar collection is officially on my list of things to do. :)
my experience, ymmv:
Originally Posted by Brad737
1) homeowners policies do not provide adequate coverage for the value of my accumulation of gear
2) inland marine policies will only cover gear that stays in your house or that you take over to a friend's to jam but will not cover gigging
3) Heritage coverage was painless to acquire and update as my gear changed
I use a combination of 2 and 3, anything that I think will ever leave my house going to #3