Insuring your firearms

The NRA offers insurance ~ you pay for the dollar amount you want (XX per $1000). Anything over a set amount per firearm is considered scheduled and requires the gun have an appraisal. I think its still $1500 on those guns.

Are you an NRA member?

NRA members now get $2500 of insurance for their firearms, just from being a member.

As a recruiter, we can offer a one year membership for $25 rather than $35, and you get all the benefits of membership including the insurance.

Join here - http://membership.nrahq.org/default.asp?campaignid=XP019625

I use this company ... about $89/yr for $10,000 of coverage ... no deductible ... all peril ... easy app and easier quotation ... no appraisal required on any of mine ...

http://www.collectinsure.com/cost.html?gclid=CN7O-bGpxKcCFQXu7QodgESaDg

Call whoever is in charge of your homeowner's insurance and they will give you a rate for firearms, like a previous poster said, of some $XX.XX per $1000 of coverage and you put together a list of items you want to insure.

Although its good to know the NRA limit went up from $1000 to $2500

Although its good to know the NRA limit went up from $1000 to $2500

Yep, $2500 insurance for $25 ain't too shabby!

Do insurance prices go down if you have a safe? Fire is about as big a risk as theft isn't it?

Read your homeower's policy regarding fire....My homeowner's policy considers firearms as personal property when it comes to fire. The cap for coverage is for theft only....The reason for this is ownership is easy to prove for a fire because the guns will still be there. Theft is too easy to fake.

I also went with Collectibles Insurance... about half the price of the NRA-sponsored insurance. I've been with them for a couple of years now.

Has anyone ever had a claim with Collectibles Insurance (or anyone else for that matter)? If so, how did it go?

I don't know of anyone that has had a claim but they are well rated and have no negatives against them w/ the Better Business bureau ... just got my bill for this year and it's the same as last year ... $68 for $9,500 of coverage ... I thought it was $89 ... nice to see no increase ...

I have mine specifically insured as valuable property on my USAA renter's insurance policy

Call your insurance agent. You have a set amount right now but can probably boost that fairly easily.

I'll go against the grain and suggest to forget the insurance coverage. You'd be money ahead in the long term to take the premium dollars and buy a top quality safe with a good fire rating. In effect you'll be self insuring your own property.

Look at what you're required to give up going through an insurance company....information and details concerning your collection along with the cost of the premiums. Some years ago a number of home burglaries were found to have origins when an insurance company employee was selling client information to the bad guys.

If you live in a high crime area along with earthquakes, floods, and raging fires, then perhaps an insurance company might be the way to go. Every situation is different. Good luck.

I was going to take out extra insurance for my guns and music collection but the cost was prohibitive. I have since come up with a plan to backup my music on a one terabyte hard drive and store my guns on the property but not in the house.

Only my wife and brother know where they are and I don't think the cops could even find them with a metal detector. With a gun powder sniffing dog they might find them but I doubt it. I have a nasty little surprise for any dogs that go sniffing around there. Don't worry it won't hurt the poor doggie permantly. I like all doggies even mean ones.

Join the NRA regardless, they insure your guns in more ways than one.

But if you need more coverage than a good safe and the $2,500 NRA coverage will give you, call your renters/homeowners company first, just my opinion.

I'm an NRA member, so get their base insurance plus buy additional. I think I paid $60 for an additional $4K.

I found insurance costs to be somewhat prohibitive. My agent informed me that insuring my firearms and other collectables would run about the same amount as my homeowners insurance per year. As others have said, it is all based on the value and assigned risk level for what you are insuring.

I think you're better off with a good safe. Some would say if you can't afford the insurance, you can't afford the firearms, but I don't see it that way. Start with your insurance agent, and look at some of the other insurance options mentioned in this thread.

ProShooter said:

Are you an NRA member?

NRA members now get $2500 of insurance for their firearms, just from being a member.

As a recruiter, we can offer a one year membership for $25 rather than $35, and you get all the benefits of membership including the insurance.

Join here - http://membership.nrahq.org/default.asp?campaignid=XP019625

Click to expand...

Is there a way to join and opt out of mailings requesting money every few weeks? I was a member about 15 years ago and felt like all my dues money did was pay for junk mail to myself asking me to give more money!

BNDIT 1 said:

Is there a way to join and opt out of mailings requesting money every few weeks? I was a member about 15 years ago and felt like all my dues money did was pay for junk mail to myself asking me to give more money!

Click to expand...

Yes - you can call them and tell them to stop (they will) or if you have an online account set-up on the NRA homepage, you can select or de-select what and when and IF you want to receive info from the NRA and/or it's advertisers.

If you haven't joined YET - there is also that option available WHEN you join.

Look at your home insurance policy, see what the cap is on Firearms, then call your insurance company and write an extended coverage for the rest of the cost of the guns. It is not hard to do but you will have to put together a list of what you have together with prices of what they are worth.