How to Find Out What a Guild Guitar Is Worth for Insurance Purposes

When buying a high-end instrument, such as a Guild guitar, it is important to make sure it is properly insured. Having a good insurance policy for the guitar will ensure that repair and replacement costs will be covered if the instrument is broken, lost or stolen. To insure a Guild guitar, you must first determine what the guitar is worth, then have an authorized Guild dealer provide a written appraisal.

Instructions

1. Visit the Guild Guitars website listed in Resources below to find an authorized dealer near you.

2. Click on the word "(Select)" to choose your home state, then click "Find a Dealer" to locate the closest dealer to where you live. Make sure it is an authorized Guild dealer and not just a store that sells Guild guitars.

3. Bring the guitar into the dealer. Tell the repair department or service desk that you need to have the guitar appraised for insurance purposes. Be prepared to leave the guitar at the dealer since this may take several days to complete.

4. Take the written and signed appraisal from the Guild dealer to your insurance company to have it added to an existing policy, or to create one specifically for that instrument. See Resources below for insurance companies that insure acoustic guitars.

Tips & Warnings

• Keeping a guitar clean and free of nicks and scratches will greatly increase its ability to hold value.

• Always make sure to get a written appraisal from the Guild dealer. Insurance companies need an official document to properly insure the instrument. Never have anybody besides an authorized Guild dealer provide the appraisal since this may cause problems with an insurance company.

Resources

• Guild Guitars: Find a Dealer
• MusicEdMagic: Guide to Purchasing Guitars
• Guitar Specialty Insurance Company