Firearm insurance

[donstoy]

go with the nra

 

[zoom6zoom]

These folks advertise in Shotgun News all the time - don't know anything about them, but might be worth checking out. Looks like you don't have to provide serial numbers in most cases, but sounds like you have to have an approved safe and monitored alarm system as well. So maybe just an option for the "advanced" collector and not the average shooter.

www.collectinsure.com

FAQ page:
http://www.collectinsure.com/faqguncollectgen.htm

 

[MAKster]

liability premium

Does anyone know if telling your insurance company that you own guns will lead them to increase your liability premium. In their mind the presence of guns means that you might shoot someone or a child could accidently shoot someone and lead to a lawsuit that they would have to cover.

 

[ccw9mm]

^ Didn't in my case (AAA / American Casualty). Uncertain what's in their minds, but, no, it didn't alter the premiums beyond the umbrella property coverage. Frankly, any action of self-defense isn't an insurance matter. Irrelevant.

 

[45crittergitter]

I use www.collectinsure.com. Far cheaper than riders, NRA, inland marine policies, etc. No serial # required for most guns.

 

[TexasRifleman]

Does anyone know if telling your insurance company that you own guns will lead them to increase your liability premium.

Don't know about other states but in Texas insurance is pretty heavily regulated, especially homeowners. About all a company could do here is totally refuse to cover you, they don't really have a way of raising the liability portion premiums by themselves.

And, it's Texas; they pretty much expect everyone to have a gun anyway

 

[Ohen Cepel]

Another vote for Collector's Insurance Agency. Much cheaper than the NRA. I have never filed a claim with them, but for the last few years they've been great to deal with.

 

[redneck2]

We've got Selective. I had a rider on my guns. Have to list an inventory, but not SN's. I assign a value and pay the premium on that.

I've also got a safe and ADT. IMO, ADT is way worth the dollar a day it costs. Gotta remember, it protects everything, not just your guns.

 

[TexasRifleman]

Gotta remember, it protects everything, not just your guns.

Unless you live in a one of the growing lists of cities that don't respond to residential alarms with any priority unless the monitoring company has been given the "panic word" by the resident.

My local PD has implemented new rules now. They charge high fees for false alarms, and will not respond with priority unless verbal confirmation is given that something is wrong at the home.

All a monitored alarm will get you if you're away is a quicker start to the investigation.

I have one but have no illusions about what it gets me.

 

[MachIVshooter]

I don't think it is unreasonable for them to ask for serial numbers, as without such one could claim they owned any number of firearms theat they never had. They need a VIN to insure a car and a copy of the title to uinsure a house. Basically, they want proof that you actually owned these things. Just be glad they don't want to send an agent to your house and photograph you with each one, along with purchase reciept. I think the fact that they are willing to insure them one serial # and brief description alone is quite trusting. One could very easily provide #'s to guns they used to have. I don't think most of us would, because it would be wrong and insurance fraud carries a hefty penalty.

 

[TexasRifleman]

I don't think it is unreasonable for them to ask for serial numbers, as without such one could claim they owned any number of firearms theat they never had

It is unreasonable for them to ask for serial numbers up front.

All of these carriers are going to ask for proof AFTER a loss before they pay, but it's none of their busines BEFORE there is a loss.

Just because you buy $30,000 of firearms insurance does not mean they write you a check for 30k if your house burns down.

You will have to show proof of ownership in some form or another before they will pay you, and in nearly all cases you will have to prove that other insurance did not also cover them, you can't be paid twice.