A musical instrument is a prized possession for amateur and professional musicians. However, these instruments can be susceptible to damage and are costly to repair or replace. Therefore, it is wise to get your musical instrument insured, particularly if you practice music regularly or are in the music industry.
Musical Instrument Insurance from Bajaj Finserv offers high coverage at an affordable premium. The plan covers you against damage or loss to your musical instrument due to fire, burglary, theft and more.
With Musical Instrument Insurance, you can get coverage of up to Rs. 40,000 at just Rs. 599 per annum. You can pay the premium online using your preferred payment mode.
The plan covers any damage to your musical instrument due to fires, explosions, implosions, strikes, riots, lightning and environmental disasters such as storms, floods, earthquakes, landslides and more.
Musical Instrument Insurance protects against any loss or damage to your musical instrument in an actual or attempted robbery or burglary at your insured premises.
The plan offers coverage for repair and replacement costs in case of accidental damage. The instrument must have been in your possession when it was damaged for you to qualify for this benefit.
Note: Coverage is provided as per the invoice value, up to a maximum of the sum insured.
Any loss, destruction or damage to the musical instrument because of pollution or contamination will not be covered.
A deductible amounting to the first 5% of the claim amount is applicable on every claim unless specifically revised and altered by the insurer and mentioned in the Certificate of Insurance. The deductible will be a minimum of Rs. 1,000 for a sum insured of up to Rs. 20,000 and Rs. 2,000 for a sum insured of Rs. 20,000 to Rs. 50,000.
Please click here to know more about the policy’s terms and conditions.
To be eligible for this cover, you must get your musical instrument insured within 30 days of its purchase (as per the date on the invoice).
You will receive the details of your membership via email.
Please get in touch with the customer experience team within 24 hours of your musical instrument’s damage or loss to raise a claim. You need to submit these documents while filing the claim:
• Duly filled claim form
• Invoice or bill copy
• FIR copy in case of burglary or theft
You contact our customer experience team through any of the following ways:
• Toll-free number: 1800 209 5858
• Email: firstname.lastname@example.org
• Customer service website
• Mailing address: Bajaj Allianz General Insurance Co. Ltd. - Bajaj Allianz House, Airport Road, Yerwada Pune- 411006
For queries related to the policy, please write to us at email@example.com
Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above-mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.”
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