April update for AFM Instrument Insurance

International Secretary-Treasurer Ken Shirk has reported in the current issue of the International Musician that the AFM’s broker, AMBA, has located new carrier, and coverage should begin sometime this month. Subject to final confirmation, Shirk has been informed that the premium rate multiplier will be a little cheaper, although the minimum premium will be a little higher. The AFM has been promised that notice will be sent to all participants shortly, and those whose policies have already expired will be offered coverage “retroactive” to their renewal date. Shirk also commented that “the uncertainty of the past few months has served as a wake-up call not to get caught up in this kind of a bind ever again. Musical equipment insurance is a core component of any professional musician’s economic life and cannot be taken for granted.”