Insuring an action

[DALE ERWIN]

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Hi WiM

   Good advice that filled in the blanks where I left off.  The problem I=
 have is that often times I may have 100 to200 thousand dollars worth of =
rebuilds going at one time and if the client has this kind of insurance i=
t doesn't seem to make sense for them to pay for extra insurance when it =
is'nt needed. Give me your thoughts on this as it's always a sticky wicke=
t/annoyance. =20
 I know when I leave my car at the dealers for repair that their signs sp=
ecifically state
 that they are not responsible for items left in the car but where does t=
here or our responsibility lie. I guess I'm curious as to what I'm really=
 liable for if a complete loss occured.
    Perhaps one option would be to offer to add an insurance charge which=
 as I think of it would probably be nominal if I read the new guild insur=
ance costs correctly.
 I think I calculated my cost on pianos owned and it was about 500 ish pe=
r yr. Thats really not too bad. So the cost of having to pay insurance co=
verage on your garden variety Stwy/Mason etc.with values of 30 to 50 k wi=
th obvious case by case exceptions I.E art case or 9fts. wwould'nt be all=
 that much.
    I do carry that extra policy you suggested by the way. Just in case!

     I'd love more discussion on this from some who have been in the stic=
ky claims situation.

       Dale Erwin
----- Original Message -----
From: Wimblees@AOL.COM
Sent: Sunday, October 28, 2001 5:10 PM
To: pianotech@ptg.org
Subject: Re: Insuring an action
 =20
In a message dated 10/26/01 10:07:03 PM !!!First Boot!!!, jbaird@fgi.net =
writes: =20



Although I have had many piano actions in my shop before, I would like =20
to hear from others about the amount of insurance that is advisable. =20

I will soon have a 12 year old Steinway L action in my shop. If it =20
should be destroyed, would the $10,000 Bailees and $10,000 Cargo =20
coverage I now have through PTG be enough? There's the cost of the new =20
action itself, of course, but then the considerable cost of time spent =20
making the action feel at home in its new host. =20

Other considerations? =20

Thanks, John Baird =20



John =20

Although the insurance you have might cover the cost of replacing an acti=
on, in the event the action is destroyed, and you had to buy a new one fr=
om Steinway, the customer might come back and say the piano just doesn't =
sound and play the way it used to, and force you to buy a whole new piano=
. Therefore, you might want to consider getting a short term rider on you=
r present coverage, increasing the amount of insurance for a short period=
 of time to cover the cost of replacing the piano. Talk to Jerry about th=
is. The cost would be very minimal. Yes, you should also ask your custome=
r to check with their insurance to see if the action and the whole piano =
is covered, but I would still get the extra insurance to protect yourself=
. Insurance companies have way of not paying claims if they think they ca=
n get away with it. For the few dollars it will cost you for the rider, i=
t is better to be protected all the way on your own. =20

Wim =20

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