American Federation of Musicians
Special Risk Musical Instrument Equipment Ins. FAQs
 

How can I learn more about this plan?

Do I have to insure all my equipment?

Is there any other coverage I should know about?

What kind of reimbursement can I expect?

What should I do if I have a claim?

Do I need this insurance if I already have coverage under any homeowner's policy?

What's the minimum premium required under this plan?

How can I learn more about this plan?
You can learn more about this plan by sending us an email or by calling our customer service representatives at 1-800-503-9230.
Do I have to insure all my equipment?
No. You insure only what you want. That's an important advantage because if you work for a firm, you may already have coverage for equipment that is kept on premises. Once that equipment is moved off premises, however, it may no longer be covered. Since this AFM Plan covers your instruments no matter where it's located, you can purchase it to protect only the pieces you take off premises.
Is there any other coverage I should know about?
This Plan automatically provides an additional $10,000 of coverage on all computer equipment to cover the extra expenses you may incur when your equipment is lost or damaged. Expenses such as replacement software and reprogramming are covered for $10,000. . . at no extra cost to you!
What kind of reimbursement can I expect?
This Plan pays you the actual cost of replacement. As long as your item is scheduled for its full value, no depreciation factor is taken into account. Claims are settled on a 'new-or-old' basis, up to the limit applied for on the application.
What should I do if I have a claim?
Any situation which may result in a claim should be reported immediately to: York Claims Service, Inc. 99 Cherry Hill Road, Suite 102 Parsippany, New Jersey 07054 Attention Jenai A. Russel, Manager Ph# 1-866-391-9675(YORK). If your claim is due to theft or vandalism, send a police report at once. For repair claims, you must submit an estimate of the damage. For any claims resulting from theft or damage to newly acquired property, or for any one item valued over $10,000, you must include proof of purchase.
Do I need this insurance if I already have coverage under any homeowner's policy?
Yes. Your homeowner's policy does not cover any equipment used for business purposes. Your computer equipment may be covered if you also use it for personal matters. Your equipment used for business purposes, such as an amplifier, is not typically covered under your homeowner's policy.
What's the minimum premium required under this plan?
Unlike many other business equipment policies that require you to pay a minimum premium in the hundreds of dollars, this AFM Plan has a minimum premium of only $75.00.
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