I just got off the phone with my homeowners insurance agent
(Prudential) and I now have a problem that I hope this group can shed
some light on.  I am the one who purchased the single Violano at the
Deansboro auction in September for $31.9K.  I called my agent shortly
after that, and he thought that adding a rider to my policy would not
be a problem.

Unfortunately, it turns out that it is.  Apparently Prudential (and
many others) will not insure a stationary musical instrument for more
than $20K, and they must insure for the full value of the item.  They
won't, for example, let me insure $20K with them and personally assume
the risk for the remainder.  Due to the size and weight of the machine
and the remotely monitored intruder/fire alarm system, I am not too
concerned about theft.  It is only that catastrophic loss of the entire
house through fire or other major event that makes me want to insure in
the first place.

Many of you own machines far more valuable than mine.  Do any of
you carry insurance?  If you do, is it as a rider on your homeowners
insurance or do you carry separate policies?  What kind of rates do
these policies have, and what companies will underwrite it?  If none
of the existing companies offer policies, is anyone out there (with
deep pockets) willing to offer this insurance knowing the care and
precautions that go along with the owners of these mechanical music
wonders?

I look forward to reading the responses.  It might also be informative
to hear from anyone who has had a loss and how things worked out.  For
example, was there any coverage for the reproducing pianos that were
destroyed in the recent floods down south?

Jack Breen
Southboro, MA