What's the best deal for FA insurance?


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offthepaper
September 23, 2010, 09:29 PM
I've begun thinking about insuring my FA collection. My homeowners only covers $2K and then the NRA would cover another 1K. But my modest collection has grown a bit over the years and now has gotten to the point that I'm thinking I should get a serparate insurance policy to cover them in case of ...whatever... I thought about a rider policy on my home owners insurance, but the cost in coverage that I looking for ($10-12K) in ratio to what they're presently charging me to cover 275K for home/property insurance is surprising to say the least. About 65% of the current premium. It just seems high to me, but then again, I really have no idea of what a seperate FA policy would cost.
Does anyone here have an insurance policy exclusively for their collection with a company specializing in FA insurance? Any ideas on what a $10-12k policy might run? Any suggestions on specific companys?

Mucho thanks

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mongo4567
September 24, 2010, 07:02 AM
I use Collectibles Ins, they are much cheaper than riders on my homeowners policy: http://www.collectinsure.com/

Mamertine
September 24, 2010, 09:44 AM
I signed up for insurance this week. I paid $1 a year per $1000 insured.
I asked a few people I knew and that seemed to be the going rate.
Do others users here insure everything? I thought if it's more then $800 its worth insuring.
...and then the NRA would cover another $1k...
is that an automatic thing with NRA membership?

offthepaper
September 24, 2010, 12:56 PM
is that an automatic thing with NRA membership?

Yes, It's part of your NRA membership benefits.

Jon_Snow
September 24, 2010, 01:55 PM
You might look at switching HO insurance to one that doesn't have a lower limit on firearms, not all of them do. My renter's insurance doesn't but most of my friends' policies do. Any increase in you premium might be smaller than the rider or a seperate policy.

VAhuntr
September 24, 2010, 04:32 PM
You can buy extra firearms insurance through the NRA. Anyone tried this? Is the collectibles insurance just for firearms that are "collectibles" and not actually used?

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