jaminem
active member
Joined: 19/03/01
Posts: 1127
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Studio Insurance and Rates
#962559 - 08/01/12 02:12 PM
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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
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James Perrett
Joined: 10/09/01
Posts: 9645
Loc: The wilds of Hampshire
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Re: Studio Insurance and Rates
[Re: jaminem]
#962710 - 09/01/12 10:09 AM
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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
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Richie Royale
Joined: 12/09/06
Posts: 3350
Loc: Bristol, England.
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Re: Studio Insurance and Rates
[Re: jaminem]
#962715 - 09/01/12 10:13 AM
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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
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James Perrett
Joined: 10/09/01
Posts: 9645
Loc: The wilds of Hampshire
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Re: Studio Insurance and Rates
[Re: Richie Royale]
#963013 - 10/01/12 12:20 PM
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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
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Richie Royale
Joined: 12/09/06
Posts: 3350
Loc: Bristol, England.
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Re: Studio Insurance and Rates
[Re: James Perrett]
#963014 - 10/01/12 12:25 PM
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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
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Martin Walker
Watcher Of The Skies
Joined: 28/02/01
Posts: 16375
Loc: Cornwall, UK
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Re: Studio Insurance and Rates
[Re: jaminem]
#963037 - 10/01/12 02:04 PM
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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
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chew_rocket
Joined: 21/10/09
Posts: 438
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Re: Studio Insurance and Rates
[Re: jaminem]
#963057 - 10/01/12 03:03 PM
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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!
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The Red Bladder
Joined: 05/06/07
Posts: 2065
Loc: . ...
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Re: Studio Insurance and Rates
[Re: chew_rocket]
#963059 - 10/01/12 03:20 PM
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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!
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HollowAxis
Joined: 31/12/11
Posts: 117
Loc: London
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Re: Studio Insurance and Rates
[Re: jaminem]
#963060 - 10/01/12 03:21 PM
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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.
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jaminem
active member
Joined: 19/03/01
Posts: 1127
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Re: Studio Insurance and Rates
[Re: jaminem]
#963061 - 10/01/12 03:23 PM
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1.2% seems to be the best I am getting quoted at the moment...
Thanks for the
info tho guys...
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Richie Royale
Joined: 12/09/06
Posts: 3350
Loc: Bristol, England.
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Re: Studio Insurance and Rates
[Re: jaminem]
#963064 - 10/01/12 03:43 PM
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