Wil Terry
Member
Have none of you ever checked the truly excellent gun insurance coverage available from the NRA ?
And so it goes...
And so it goes...
Insurance company demanding firearm appraisals?
- Thread starter DaisyCutter
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lemaymiami
Member
A quick note about USAA...I've been insured by them one way or the other (started out under my parents auto policy in 1965.....) all the way to the present... Can't say enough good things about them. Call them with any questions, I think they'll be very responsive whether it's a weapons issue, a homeowners, or auto policy. If they're not the cheapest you'll still be happy when you have a claim...
Down here in south Florida it's not uncommon for one insurance company or other to force their policy holders to sue them -just to get the benefits they're entitled to by contract..... don't think you'll ever have to do that with USAA (just my opinion...).
Down here in south Florida it's not uncommon for one insurance company or other to force their policy holders to sue them -just to get the benefits they're entitled to by contract..... don't think you'll ever have to do that with USAA (just my opinion...).
patmccoy
Member
DaisyCutter said
Because too many people have filed $1500 claims for their M1s, which were really $350 CMP rack grade guns.
It is to protect the company from fraud, you from being over or under-insured and spreading bad words on forums when the company won't pay a claim based on incorrect values, to protect all other SF clients by not having to raise the rates due to fraudulent claims.
It also protects SF from interventions from the state insurance commissioner for not paying claims properly (not having correct valuation backups).
Because too many people have filed $1500 claims for their M1s, which were really $350 CMP rack grade guns.
It is to protect the company from fraud, you from being over or under-insured and spreading bad words on forums when the company won't pay a claim based on incorrect values, to protect all other SF clients by not having to raise the rates due to fraudulent claims.
It also protects SF from interventions from the state insurance commissioner for not paying claims properly (not having correct valuation backups).
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We are in the process of purchasing a new house and were going to go with USAA as that is who we have for our vehicles. We got a great deal on the house, it appraised at 700k and we got it for 175k. I just wanted to insure it for about 260K. USAA wouldn't do that. They said they only insure for the replacement value, nothing less. They said I could hire a contractor to come out and give a written estimate for rebuild and they would go with that. I'm not going to pay a contractor to come out to tell me what I already know. I don't care if we can't get it fully rebuilt. Yeah, it will suck, but I don't want to pay almost what I am paying for the mortgage in insurance costs!
I was really disappointed by USAA. Now I'm on the search for another insurer before closing next month.
I use Historic Firearms Insurance from Eastern Insurance. I've never had to make a claim, but so far no complaints. They are reasonably priced and much less than the NRA through Lockton Risk. https://www.easterninsurance.com/insurance-quotes/personal-insurance/historic-firearms-insurance
When I bought my first home, we looked at getting homeowner's insurance through Amica because I already had their car insurance. I had NRA insurance at the time, but on a whim, I decided to ask about getting additional coverage through them for my firearms. I thought it might save me a little money, but instead it opened a can of worms.
Amica demanded a list of all of my firearms with serial numbers otherwise they were going to decline homeowner's insurance for me completely, with or without firearms coverage (which they never actually said they would offer). They also demanded to know whether I had a license for the firearms and whether or not they were stored in a safe. I cancelled my request for homeowner's insurance (and cancelled my auto policy) before they could decline me, which I understand would have made it harder to get homeowner's insurance from another provider.
Amica is not firearms friendly.
When I bought my first home, we looked at getting homeowner's insurance through Amica because I already had their car insurance. I had NRA insurance at the time, but on a whim, I decided to ask about getting additional coverage through them for my firearms. I thought it might save me a little money, but instead it opened a can of worms.
Amica demanded a list of all of my firearms with serial numbers otherwise they were going to decline homeowner's insurance for me completely, with or without firearms coverage (which they never actually said they would offer). They also demanded to know whether I had a license for the firearms and whether or not they were stored in a safe. I cancelled my request for homeowner's insurance (and cancelled my auto policy) before they could decline me, which I understand would have made it harder to get homeowner's insurance from another provider.
Amica is not firearms friendly.
patmccoy
Member
Pushrod said:
But when you have a $15,000 roof loss you won't be happy with a claim payment of $5600 less your deductible, even though you only insured for 37% of the value of the house. Then you will be complaining to the state insurance department, and anyone else who will listen, about that terrible company.
You will find the "replacement value" contract is the norm in the industry.
But when you have a $15,000 roof loss you won't be happy with a claim payment of $5600 less your deductible, even though you only insured for 37% of the value of the house. Then you will be complaining to the state insurance department, and anyone else who will listen, about that terrible company.
You will find the "replacement value" contract is the norm in the industry.
Ohen Cepel
Member
Wil Terry,
I had the NRA insurance for years. CIA was cheaper and a bit easier to work with, NRA isn't an insurance company, they simply put their name on another company's service. It's not a bad option, but I think one can do better if they shop around.
I had the NRA insurance for years. CIA was cheaper and a bit easier to work with, NRA isn't an insurance company, they simply put their name on another company's service. It's not a bad option, but I think one can do better if they shop around.
cat_IT_guy
Member
This thread is a good reminder, I need to add the collection to my insurance. Good news is, I already have USAA, so really need to do an inventory and add them. Bad news is I need to do an inventory and figure out just how much I spent on this obsession of mine!
ColtPythonElite
Member
- Joined
- Jan 8, 2011
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- 10,462
X3 on using Historic/Eastern...Jack is a pleasure to deal with.
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