Overview:
Some things in life are too valuable to either lose or replace. For those who play, record or compose music, their musical instrument holds a special place. Musical instruments can be an expensive purchase and hence it is important to protect them against damage from fire, burglary or theft. Any loss or damage to your musical instrument can be detrimental to not only your musical inspiration but also to your performance.
The perfect solution would be to buy a Musical Instrument Insurance from Bajaj Finserv. By paying a nominal premium amount, you can protect your financial investment in your musical instrument easily.
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Features & Benefits:
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High Coverage Amount
Get an insurance cover of up to Rs. 40,000 for just Rs. 599 per annum.
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Multiple Payment Options
It is easy to pay your premium as you can choose from among multiple payment options such as online bank account transfer, UPI, mobile wallets, credit cards or debit cards.
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What Is Covered?
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Standard Fire And Special Perils Cover
Any damage to your musical instrument due to fire breakout, explosion or implosion, strikes/riots, lightning or any other environmental disaster such as a storm, flood, earthquake, landslide, etc. are covered.
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Burglary And Robbery Cover
The Musical Instrument Insurance provides protection against any loss/ damage to your musical instrument in the event of actual or attempted robbery or burglary at your insured premises.
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Accidental Damage Cover
Accidentally damaged your musical instrument? Do not worry. With Musical Instrument Insurance, you can get coverage for repair and replacement costs. To avail this benefit, the instrument must have been in your possession at the time of damage.
Coverage is provided as per the invoice value, subject to a maximum limit of the sum insured. For more information on detailed terms and conditions on coverages, please click here. -
What Is Not Covered?
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Loss Due To Pollution Or Contamination
Any loss, destruction or damage to the musical instrument caused by pollution or contamination will not be covered.
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Deductible Applicable
The deductible of the first 5% of each and every claim amount is subject to a minimum of Rs. 1,000 for sum insured upto Rs. 20,000, or Rs. 2,000 for sum insured more than Rs. 20,000 up to 50,000.
This is applicable unless specifically revised and altered by the insurer and mentioned in the Certificate of Insurance.
For more information on the terms and conditions on coverages, please click here. -
Delay In Insurance Application
You need to insure your musical instrument within 30 days of its purchase (as per invoice) to seek the benefits of this cover.
How To Apply?
Apply online for Musical Instrument Insurance in three steps. Just log in to our website, submit the online application form, and make an online payment for the premium amount.
How To Claim?
To raise a claim for Musical Instrument Insurance, please reach out to our Customer Experience team within 24 hours of loss of or damage to your musical instrument. You need to submit these documents while placing the claim:
• Duly filed claim form
• Invoice or bill copy
• FIR copy- in case of burglary or theft
Contact our Customer Experience team through any of the following ways:
• Toll free number: 1800 209 5858
• Email: bagichelp@bajajallianz.co.in
• customer service website
• Mailing address: Bajaj Allianz General Insurance Co. Ltd. - Bajaj Allianz House, Airport Road, Yerwada Pune- 411006