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  4. How many of you actually have your SOFTWARE Insured?

  • How many of you actually have your SOFTWARE Insured?

    M
    M
    Hi, everyone.
    I assume most of you have some kind of insurance to protect your studios, hardware, etc.
    But, have you insured your software? Is it necessary?
    Particullary the most expensive one, like the Vienna stuff, or any loop/sound effects collections.
    Suppose the unthinkable happens: a robbery, a fire...whatever.

    What would happen if you donĀ“t have your software insured?
    I guess if you have it all properlly registered thereĀ“s a record with each software company that you have actually purchased and registered their software, but in any of those disastrous events, would they have you pay for it all over again? Or would they just sell you the actual media the software came with (DVD, CD, etc).
    All this providing you have a police report, or whatever.

    The reason I ask is because someone tried to break into my studio the other day... they couldnĀ“t though, because I have taken lots of steps to provide security (especially because at nights itĀ“s usually empty). It looks like a prison (lots of metal doors covering windows, alarms, etc)

    But this has me worried... I live in Mexico, and thatĀ“s the only way you can safely have a studio. It must look like a prison, with lots of security.

    Anyway, what do you do with your software stuff. Do you insure it?
    If you do, I guess the rates go up, so thatĀ“s why I want to know if it is necessary.

    PS. I asked this same question in another forum.

    Saludos,

    Fernando
  • J
    J
    I posted something similar some time ago...

    http://community.vsl.co.at/viewtopic.php?t=6597&highlight=

    Hope that help a little.
  • N
    N
    I have it insured through ASCAP as part of my equipment policy. The general rule is to insure whatever you can't afford to replace - *only* what you can't afford to replace, bearing in mind that the odds are stacked greatly in favor of the insurance company. So I don't waste money on extended warranty cons, but I do insure my computers and software.
  • S
    S
    Since you buy a licence, which does'nt evaporate in a fire, I've allways operated under the assumption that even though my DVD's with VSL might burn - the licence persist - and that I could get replacement disks for a small fee.

    But maybe I'm dead wrong??
  • C
    C
    Mine's covered under my renter's insurance at the moment. I added $15000 to cover the software and my premium went up $30 a year...which is like nothing.
  • cmC
    VSL Team
    cmC
    bjarne is right - if you have registered your products your licenses do not evaporate. VSL resp. your distributer might charge you with a handling fee though.
    christian
    and remember: only a CRAY can run an endless loop in just three seconds.
  • D
    D
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    @Sapkiller said:

    Since you buy a licence, which does'nt evaporate in a fire, I've allways operated under the assumption that even though my DVD's with VSL might burn - the licence persist - and that I could get replacement disks for a small fee.

    But maybe I'm dead wrong??

    Steinberg doesn't agree with you on this, and there may be others.

    DG
  • N
    N
    Yes, not every company is like VSL. I suspect you'd have a hard time convincing the large DAW companies to sell you a new dongle because your last one got stolen.
  • M
    M
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    @Another User said:

    bjarne is right - if you have registered your products your licenses do not evaporate. VSL resp. your distributer might charge you with a handling fee though.
    christian


    Yes. ThatĀ“s what I thought. BUT, as it was mentioned, some other companies might not agree with this and actually make you pay for the WHOLE thing again... hmmmm...

    And thatĀ“s the problem. If you just insure ALL your software (in all its forms, be it software, samples, loops, etc) it can raise your insurance costs WAY UP. I bet there are people here who have spent THOUSANDS and thousands of dollars in this kind of stuff... So insuring everything would be very expensive IF some companies, like VSL, would make you only pay for a "replacement media" fee (if I understood correctly).
    So I guess this would have to be on a company by company basis, and only insure the stuff from companies that think your license "evaporates" with your burned-down studio (knock on wood a million times)

    This seem complicated, let alone make the insurance company understand why a few DVDs can be soooooo expensive.

    So, how many of you have insured all (or part) of your software???

    Saludos,

    Fernando
  • N
    N
    In the U.S. you need special insurance for business property, i.e. standard homeowners insurance doesn't cover business property. The best policy I know of - and in the past I've researchhed this pretty thoroughly - is either through the Musician's Union or ASCAP (and I assume the other performance rights societies). http://www.musicproinsurance.com/

    $30,000 worth of coverage is in the $350 range, and you can update and change the value of your equipment all the time.
  • J
    J
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    @Nick Batzdorf said:

    In the U.S. you need special insurance for business property, i.e. standard homeowners insurance doesn't cover business property. The best policy I know of - and in the past I've researchhed this pretty thoroughly - is either through the Musician's Union or ASCAP (and I assume the other performance rights societies). http://www.musicproinsurance.com/

    $30,000 worth of coverage is in the $350 range, and you can update and change the value of your equipment all the time.


    This is the same policy that I use because it's quite economical. Now that you can manage your policy online, it's also rather convenient. I do include my VSL in this coverage.