(sorry to be jumping in late in this discussion, but I went through this and can offer some comment).
Originally Posted by (Tom C @ Oct. 13 2004, 08:19)
The premium is based on the value of the instrument. If you are taking the instruments out of the house on a regular basis and want them protected from all sorts of peril, you will need to have a rider. If you mostly used your instrument(s) in the house (i.e., like me on the front porch), you would only need a rider to protect if they are high value or to protect from damage from one of your kids stepping on it (i.e., they should be covered under your normal homeowner's policy for the case of fire or theft).
One other thing, it was referenced above that the rider is like a rider for jewlery or art. This is true, but each type of item covered under the rider has a different premium structure. So for jewlery, you may pay several dollars more per hundred than for an instrument - something like that.
Hope this helps.
ˇpapá gordo ain’t no madre flaca!
'20 A3, '84 1N, '84 A5-1, '06 Phoenix Bluegrass, 2012 Cohen A5, 2012 Muth A5