Main Forums >> Production - Mixing, Mastering, Gear & Techniques
        Print Thread

Pages: 1
jaminem
active member


Joined: 19/03/01
Posts: 1127
Studio Insurance and Rates
      #962559 - 08/01/12 02:12 PM
Hi Chums, can anyone recommend a decent insurance company for my studio and the rates I may pay.

My studio gear has been on the household insurance for a while but they are getting funny about it and want to charge an arm and a leg.

Last time I had a separate policy I paid 1% of the declared value but was told this was high?
Is this still the case and if not could you guide me to what I should be paying...

Thanks


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
James PerrettModerator



Joined: 10/09/01
Posts: 10874
Loc: The wilds of Hampshire
Re: Studio Insurance and Rates new [Re: jaminem]
      #962710 - 09/01/12 10:09 AM
It has been a while since I had separate studio insurance but we ended up with Towergate who seemed competitive and very easy to work with. I think we paid a bit under 1% but most of the gear was only insured when it was at the studio.

James.

--------------------
JRP Music - Audio Mastering and Restoration.
http://www.jrpmusic.net


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
Richie Royale



Joined: 12/09/06
Posts: 4409
Loc: Bristol, England.
Re: Studio Insurance and Rates new [Re: jaminem]
      #962715 - 09/01/12 10:13 AM
I insure my equipment separately to my home insurance, just to be on the safe side. This includes my record collection as well, which would be quite expensive to replace should a fire destroy it.

I am currently with Allianz http://www.allianzmusicalinsurance.co.uk/?gclid=CI_1o-_Zwq0CFSEhtAodoi3eAw

Their premium was slightly more than Hencilla Canworth with whom I was with previously, however Hencilla insisted on a monitored alarm at renewal, which in a rented house wasn't viable and would be quite pricey in the long run.

I'm pretty sure the premium was less than 1% of the sum insured though.

--------------------
http://soundcloud.com/richie-royale
http://www.mixcrate.com/richieroyale


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
James PerrettModerator



Joined: 10/09/01
Posts: 10874
Loc: The wilds of Hampshire
Re: Studio Insurance and Rates new [Re: Richie Royale]
      #963013 - 10/01/12 12:20 PM
Richie reminded me that we had a monitored alarm at the studio, which only cost £199 to install but they made their money on the monthly monitoring payments.

James.

--------------------
JRP Music - Audio Mastering and Restoration.
http://www.jrpmusic.net


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
Richie Royale



Joined: 12/09/06
Posts: 4409
Loc: Bristol, England.
Re: Studio Insurance and Rates new [Re: James Perrett]
      #963014 - 10/01/12 12:25 PM
Yep, it is the continual outlay for the monitoring that was the real tax. Allianz are well established, but so far I have never had to claim on insurance for any music stuff either with Allianz or Hencilla and I hope I never have to.

--------------------
http://soundcloud.com/richie-royale
http://www.mixcrate.com/richieroyale


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
Martin WalkerModerator
Watcher Of The Skies


Joined: 28/02/01
Posts: 17716
Loc: Cornwall, UK
Re: Studio Insurance and Rates new [Re: jaminem]
      #963037 - 10/01/12 02:04 PM
I’m still with Hencilla Canworth, and have moved over to them for my home buildings and contents insurance as well, partly because their quotes were good, and partly because I didn’t want any ‘passing the buck’ between two different insurers if I ever do have to make a claim


Martin

--------------------
YewTreeMagic


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
chew_rocket



Joined: 21/10/09
Posts: 452
Re: Studio Insurance and Rates new [Re: jaminem]
      #963057 - 10/01/12 03:03 PM
I'm with Music Guard and it cost me £13 a month to cover £10k of gear and upto 1mill claim for public liability. I think thats an absolute bargain!


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
The Red Bladder



Joined: 05/06/07
Posts: 2567
Loc: . ...
Re: Studio Insurance and Rates new [Re: chew_rocket]
      #963059 - 10/01/12 03:20 PM
Quote chew_rocket:

I'm with Music Guard and it cost me £13 a month to cover £10k of gear and upto 1mill claim for public liability. I think thats an absolute bargain!




That's 1.56% p.a. making it the most expensive here!


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
HollowAxis



Joined: 31/12/11
Posts: 137
Loc: London
Re: Studio Insurance and Rates new [Re: jaminem]
      #963060 - 10/01/12 03:21 PM
I have been thinking about insurance, in South Africa I was covered under home contents (and did manage to successfully claim after a burglary), specific music equipment insurance wasn't an option as far as I know.

After doing a quick search I see there are a bunch of companies that do specialist insurance for this in the UK.
I'm actually really surprised to find so many, and a bit wary.
How many of you have had success actually claiming for anything with one of these companies?
As opposed to something like household insurance with Lloyds or some bank etc?

Very interesting topic.


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
jaminem
active member


Joined: 19/03/01
Posts: 1127
Re: Studio Insurance and Rates new [Re: jaminem]
      #963061 - 10/01/12 03:23 PM
1.2% seems to be the best I am getting quoted at the moment...

Thanks for the info tho guys...


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
Richie Royale



Joined: 12/09/06
Posts: 4409
Loc: Bristol, England.
Re: Studio Insurance and Rates new [Re: jaminem]
      #963064 - 10/01/12 03:43 PM
My premium was 1.05% of my total sum insured.

--------------------
http://soundcloud.com/richie-royale
http://www.mixcrate.com/richieroyale


Post Extras: Print Post   Remind Me!   Notify Moderator     Back to top
Pages: 1

Rate this thread

Jump to

Extra Information
1 registered and 15 anonymous users are browsing this forum.

Moderator:  David Etheridge, James Perrett, zenguitar, Martin Walker, Hugh Robjohns, Zukan, Frank Eleveld, SOS News Editor 
Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is enabled
      UBBCode is enabled
Rating:
Thread views: 3554

December 2014
On sale now at main newsagents and bookstores (or buy direct from the
SOS Web Shop)
SOS current Print Magazine: click here for FULL Contents list
Click image for December 2014
DAW Tips from SOS

 

Home | Search | News | Current Issue | Tablet Mag | Articles | Forum | Blog | Subscribe | Shop | Readers Ads

Advertise | Information | Privacy Policy | Support | Login Help

 

Email: Contact SOS

Telephone: +44 (0)1954 789888

Fax: +44 (0)1954 789895

Registered Office: Media House, Trafalgar Way, Bar Hill, Cambridge, CB23 8SQ, United Kingdom.

Sound On Sound Ltd is registered in England and Wales.

Company number: 3015516 VAT number: GB 638 5307 26

         

All contents copyright © SOS Publications Group and/or its licensors, 1985-2014. All rights reserved.
The contents of this article are subject to worldwide copyright protection and reproduction in whole or part, whether mechanical or electronic, is expressly forbidden without the prior written consent of the Publishers. Great care has been taken to ensure accuracy in the preparation of this article but neither Sound On Sound Limited nor the publishers can be held responsible for its contents. The views expressed are those of the contributors and not necessarily those of the publishers.

Web site designed & maintained by PB Associates | SOS | Relative Media