Wanda, there is one other thing for some of us to consider.Both you and I are professional musicians. I was told by my independent agent many years ago that I needed a business policy to cover my professional gear, including my pianos. They said that my normal home owners insurance would cover my pianos if I did not use them for business, but since I use them for business, they would have to be covered by a business insurance policy.
Regards,
PianoBench
On Oct 27, 2013, at 4:24 PM, wandamusic@... wrote:
Just a fyi,I stopped into my dealer yesterday to get an updated appraisal for my insurance company of my DU1A, which is no longer made. It had listed for 20K when I bought it and I insured it for about 17K based on my dealer's recommendation of actual replacement cost, if I waited for a sale and with teacher discount, etc.He gave me a document saying the DU1E3 is the current replacement and the list price is 25,999!He suggested insuring for at least 20K as it will cost at least that to replace it.;I last did this over 5 years ago, and had no idea that prices went up so much.I also don't know if prices are the same in other parts of the country, but the point here is many of you have pianos way more costly than mine, make sure you have enough insurance. Mine is a rider which covers more perils than my condo insurance.(maybe the mayhem guy should do an Allstate piano commercial - George L, you are probably the guy to make one up!)I asked him if he sees purchases due to fires and perils much and he said yes. Once one of my student had a terrible house fire shortly after purchasing a 50K mahogany disklavier, I can't recall the model, but it was not that large, but was a Mark IV. They did get a good price, and 3 years later when they were ready to replace it they again got lucky with a sale.Blessings,
Wanda