Equipment Insurance Protection Program

Equipment Insurance Protection Program  

Overview

Could You Perform Without Your Musical Equipment or Computer?

For most AFM members, the answer is “NO”!

That’s why protecting your equipment can be a smart way to protect your ability to earn an income at the same time.  Too many members rely on homeowners or renters insurance if something happens to their equipment.  But, that’s often a mistake because those types of plans generally only cover a small portion of the cost to replace your equipment. Sometimes they’ll cover nothing at all. Why? Because, they consider it to be business equipment.

 

The AFM Equipment Protection Program gives you the coverage you need and has a low deductible of $100 per claim.  The Plan pays to replace your covered equipment when it’s lost, damaged or stolen; and if replaced with new equipment, coverage is available up to 10% above the scheduled amount.  PLUS, it even covers the cost of renting equipment to help you avoid losing income when you’re waiting for new equipment.
 

Who is Eligible for This Coverage?

All AFM members in good standing with the Association, including, but not limited to:

  • Freelance Musicians 
  • Recording & Digital Media Musicians 
  • Symphonic Musicians 
  • Theater Musicians
     

Will the Plan Cover My Specialized Equipment?

Coverage is designed to cover a wide range of musical equipment and music related computer equipment. You may select which equipment to insure which may include, but is not limited to:

  • Instruments 
  • Computers 
  • Audio Equipment 
  • Cases 
  • Sheet Music 
  • Stands 
  • Cables
     

How Much Does This Coverage Cost?

The annual premium is $2.20 per $100 for the first $1,500 of replacement value, and only $1.00 per $100 for additional replacement value. The minimum premium is $75. Here’s what that means:

Replacement Value

Annual Premium

$5,000

$75

$10,000

$118

$15,000

$168

$20,000

$218

$25,000

$268


How Do I Apply?

Simply click the Equipment Insurance Application button.  Should you have questions or need additional information, please email us or call our insurance specialists at 1-800-503-9230 Monday-Friday, 8am-5pm (CT).



FAQs

  • 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 if new equipment is purchased?

    If your newly acquired equipment is less than 25% of your policy limit, you will receive automatic coverage for up to 30 days from the date of purchase.  You have 30 days to notify Mercer of the newly acquired equipment and you will need to pay for any additional premium to add the item.  If your newly acquired equipment exceeds 25% of your policy limit, you will need to notify Mercer immediately to add the equipment to your policy.
  • Are scheduled instruments covered if left either on stage or in a hotel room during a gig?

    Yes, the coverage is not location specific.
  • If there is a covered claim for an item that must be replaced, is the replacement value of the instrument paid?

    Yes, replacement value will be paid if the insured amount for the item is equal to or greater than the replacement value.  Plus, if you purchase new equipment, up to an additional 10% of the replacement value may be paid.*  This is a key feature because instrument values may have appreciated since last appraised.  Further, we recommend reviewing your equipment schedule annually to make sure that your equipment is insured at the most current, appropriate values.
  • Is there coverage if an instrument is loaned to someone else?

    Yes, the policy should provide coverage, however, to best protect yourself, it is highly encouraged to see if the person you are lending to add the item to their policy and add you as a loss payee for that item.
  • Is there coverage for instruments I am borrowing?

    If you borrow someone’s instrument and lose or damage it, the policy covers the cost to repair or replace it.
  • Can office equipment be insured?

    Office equipment is not designed to be covered under this policy.  If you’re looking to insure an office space, a business owner’s policy may be a better fit.
  • What is ‘Special Risk’ insurance?

    Special Risk means that there are a limited number of exclusions to the policy and if a peril is not listed in the exclusions, the policy should provide coverage.
Contact Us

We're here to help! Please contact us in whatever manner is most convenient for you.

 Address
Mercer Consumer
12421 Meredith Drive
Urbandale, IA 50398
 Phone
1-800-503-9230
 Hours
 M-F 8a-5p CT
 Email
PLSDSTeam.service@mercer.com
 Website
www.mercer.com

How to Report a Claim

Any situation which may result in a claim should be reported immediately to:

 

Mailing Address:

York Claims Service, Inc.
99 Cherry Hill Road, Suite 102
Parsippany, New Jersey 07054

 

Email: YorkClaimsIntake@York-Claim.com

Phone: 1-866-391-9675(YORK)

Fax: 1-973-404-1040

 

  • Theft or Vandalism Claims: Include the police report.
  • Repair Claims: Include an estimate of the damage.
  • Theft/Damage to Newly Acquired Property: Include proof of purchase.
  • Items Valued over $10,000: Include proof of purchase.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.