Equipment Insurance Protection Program

Equipment Insurance Protection Program  
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As of September 1, 2024, the partnership between AMBA and the American Federation of Musicians ended.  Your current insurance coverage will remain inforce and AMBA will continue to administer and bill your coverage. In addition, going forward, you may continue your coverage with AMBA. Should you have questions, please call AMBA at 1-800-503-9230, Monday-Friday, 8am-5pm (CT).

Overview

Could you perform without your instrument, equipment or computer?

 

For most Musicians, 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 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.

 

AMBA's Musicians Equipment Protection Program gives you the coverage you need and has a low deductible of $250 per claim. The Plan pays to replace your covered equipment when it’s lost, damaged or stolen. 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?

Various types of musicians, 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 minimum premium is $249. Below are some examples of the approximate cost.

Replacement Value

Annual Premium

Up to $32,000

$249

$35,000

$272

$40,000

$311

$50,000

$389

$75,000

$583

$100,000

$777


How Do I Apply?

 

Current Equipment Customers

Customers with policies that have expired in 2024 or will be expiring in 2024 under AMBA's previous Equipment Insurance Program will automatically be sent a quote from AMBA for coverage with the new insurance carrier, Accelerant National Insurance Company. The quote is based on the equipment scheduled under your expiring policy. There are two renewal options.

 

1.  Renew Online

  • Click the Renew Online button on this page, and when prompted, select either ‘renew as is’ or ‘renew with changes’.
  • Payment can be made using VISA, MasterCard, or ACH.
  • If your application requires underwriting review, then a copy of your completed application will be emailed to you and an underwriter will contact you within 7-10 business days.
  • If your application is complete and payment is successful, policy documents will be issued and available for immediate download; they will also be emailed to you.

 

2.  Renew Using the Quote Document
(Follow detailed binding, payment, and submission instructions on the quote document)

  • To ‘renew as is’:
  • To ‘renew with changes’
    • Submit a completed 'Equipment Change Request Form' with your quote document and we will send you an updated quote.
    • No payment is necessary until you receive your new quote.

 

New Equipment Customers

Customers who want to purchase Equipment Insurance for the first time or customers whose prior AIG policy expired on or before Dec 31, 2023, please apply by clicking on the APPLY ONLINE button. VISA, MasterCard and ACH are accepted payment methods.

 

You may also apply by using the Equipment Insurance Application available in the DOWNLOAD FORMS menu.  If using the download form option, please do not pre-fill the form prior to downloading as the information may not be saved.  Follow the instructions below if you are using the download forms option.

 

  • Once you save the application to your desktop, then complete the questions, sign and date the form, and save the document again.
  • Then email the completed application to [email protected]  - you should receive an email acknowledging submission.
  • Tip: if you have more than 10 scheduled items, you may download the Equipment Schedule Change Form to your desktop to complete, save, and submit it with your application.
  • Within 3-5 business days, a quote with binding, payment and submission instructions will be emailed to you.

 

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).

QUOTES, APPLICATIONS & FORMS

 

 

NEW APPLICANTS

Apply now for the AMBA Equipment Insurance Program underwritten by Accelerant National Insurance Company.
APPLY ONLINE

EXISTING CUSTOMERS

Renew online now or access My Account to print your policy or to make profile changes.
RENEW ONLINE

My Account

FORMS

Download the fillable Equipment Application, Equipment Schedule Change Request Form, or the Sample Policy.
DOWNLOAD FORMS

FAQs

Answers about the plan, including eligibility, options, enrollment, customer service and more.

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  • How can I learn more about this plan?
    1. Visit the DOWNLOAD FORMS section and download the pdf version of the Sample Policy based on your state of residence.
    2. Call us (for more immediate help) or email us using the information in the Contact Us section.

  • 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 plan covers your equipment no matter where they’re located*, you can purchase it to protect only the pieces you take off premises.

  • What if new equipment is purchased?

    When equipment is newly acquired, there is automatic supplemental coverage for up to 60 days from the date of purchase. It is strongly recommended that you notify AMBA of the newly acquired equipment immediately, or at least within 45 days of the date it was acquired, and prior to the expiration date of the policy.  The full additional premium amount is due when the new item is reported and is due from the date acquired. 

     

    Prior to the item’s addition to the policy schedule, and during the supplemental coverage period, the most the policy will pay for any loss is the least of the value of covered property as described in the Valuation section of the coverage form; or $25,000.

  • If there is a covered claim for an item that must be replaced, is the replacement value of the equipment paid?

    Yes, replacement value is based on the replacement cost without any deduction for depreciation and will be paid if the insured amount for the item is equal to or greater than the replacement value.  Reference the Sample Policy for specific coverage details (see the Download Forms menu). Policy language varies in the states of California, Louisiana, and Washington.

     

    In addition, 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 insured item is loaned to someone else?
    Yes, the policy should provide coverage, however, to best protect yourself, it is highly encouraged to ask the person to whom you are lending to add the item to their policy and add you as a loss payee for that item.

  • Is there coverage for equipment I am borrowing?
    When you borrow someone’s equipment, then you must add the item to your policy and add the owner as a loss payee on your policy for that item. Then, if you 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.

  • Is scheduled equipment covered if left on location or in a hotel room during a session?
    Yes, the coverage is not location specific.*
* Scheduled property is covered only within the United States of America, its territories and possessions, Canada, and Puerto Rico. In addition, when left in an unattended vehicle, the vehicle must be locked with windows closed.

Contact Us

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

 Address
AMBA
4050 114th Street
Urbandale, Iowa 50322
 Phone
1-800-503-9230
 Hours
 Monday-Friday 8am-5pm (CT)
 Email
[email protected]

HOW TO REPORT A CLAIM

Any situation which may result in a claim should be reported immediately.
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AFM has offered Equipment Insurance Protection to its members at discounted member rates for many years. We are pleased to inform you that AMBA has selected a new insurance company, Accelerant National Insurance Company, to underwrite the Program and we are currently working diligently to deliver quotes for this coverage to you via email.