Quantcast
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Firearm Insurance

Discussion in 'General Gun Discussions' started by O C, Jul 15, 2011.

Thread Status:
Not open for further replies.
  1. O C

    O C Member

    Joined:
    Dec 20, 2006
    Messages:
    214
    Location:
    Colorado
    How many of you have a seperate insurance policy on your guns/ I know that most homeowners policies will cover a limited amount, but how about the collector, accumulator, and plain old "Gun Nut" that has thousands in guns and related gear. Necessary, or optional?
     
  2. duggy

    duggy Member

    Joined:
    Oct 25, 2010
    Messages:
    9
    i know the NRA covers up some amount of your guns being stolen
     
  3. GunLink

    GunLink Member

    Joined:
    Sep 22, 2010
    Messages:
    14
    I think the NRA covers around $1000 on firearms and everyone in our household is a member. Beyond that it's crossed-fingers and homeowners ins
     
  4. splithoof

    splithoof Member

    Joined:
    Dec 26, 2010
    Messages:
    1,053
    Most homeowners policies have pre-determined limits on things like firearms, jewlery, and furs. Most insurance companies will sell you a additional rider policy. At that point, some require a list of the guns covered to establish value, etc.
     
  5. oneounceload

    oneounceload member

    Joined:
    Apr 24, 2008
    Messages:
    15,710
    Location:
    Hot and Humid FL
  6. rellascout

    rellascout member

    Joined:
    Dec 22, 2004
    Messages:
    5,149
    Location:
    VA
  7. wally

    wally Member

    Joined:
    Jan 2, 2004
    Messages:
    12,750
    Location:
    Houston, Tx
    Collectinsure is who we use, never filed a claim so can't really say how good it is.

    But you just buy insurance for the total value and have documentation in a safe place to verify the value when making a claim. No need to send them an itemized inventory, but you'd of course need one, receipts, photos etc. to document any claims.

    Found out about them from other threads here on the subject. Using the search function might get a lot more useful information.
     
  8. O C

    O C Member

    Joined:
    Dec 20, 2006
    Messages:
    214
    Location:
    Colorado
    Good info. I have a collection that I inventoried and found out was worth(gasp!) $70,000.00. Never gave it that much thought untill I inventoried it. It's been an acumulation of 60 years of buying, trading, and "good deals".
    You might be suprised as to what you have untill you research it. Speaking of research, CollectInsure seems to be the best bang for the buck.
     
  9. orionengnr

    orionengnr Member

    Joined:
    Jan 3, 2005
    Messages:
    5,434
    NRA insurance is free with your membership. Not sure how that can be a "ripoff".

    I had collectinsure for two years. Eastern Insurance (do a search, or pm me for the exact site) gave me the same insurance (or better) for less.

    I have not filed a claim against either, and don't plan to, but the same is true of all the insurance policies I carry. :)
     
  10. Frank Ettin

    Frank Ettin Moderator

    Joined:
    Apr 29, 2006
    Messages:
    10,717
    Location:
    California - San Francisco Bay Area
    I have a fair number of guns and insurance on them through Sportsman’s Insurance Agency. The coverage is scheduled (i. e., each gun is listed and identified, and customizations were included in setting the scheduled value).

    When I bought the policy several years ago, they were very helpful about preparing and properly formatting the schedule based on all the information I provided. They were also easy to work with as far as agreeing on the insured value of each gun, especially those that had been customized and those that were no longer in production.
     
  11. Snowbandit

    Snowbandit Member

    Joined:
    Oct 4, 2007
    Messages:
    314
    I just added a rider to my home policy through State Farm. Price was reasonable and they accepted my declared values. I did have to provide them a list with serial numbers but didn't have a problem with that. I know, lots of people complain about State Farm but they have been fair with us for over 30 years now.
     
  12. John_galt

    John_galt Member

    Joined:
    Aug 12, 2008
    Messages:
    119
    Buy an Inland-Marine rider. Allows you to list things like guns, golf clubs, high end jewelry, basically any high dollar toys not common to a houselhold. Tricky thing is not all insurance carriers cover. I have one now that I have to list each firearm with them by serial #. Not something everyone is comfortable with.
     
  13. Daemon688

    Daemon688 Member

    Joined:
    Mar 31, 2004
    Messages:
    825
    Location:
    MN
    I ended up buying insurance for my firearms separately, don't have a home so it makes sense. I do know that you can additional coverage on your home owners insurance for your firearms, just gotta pay a tad bit more per month.
     
  14. tazbigdog

    tazbigdog Member

    Joined:
    Jan 21, 2006
    Messages:
    179
    Location:
    Texas
    Have NRA for 2500, home insurance to 2500. If get more, then I'll get a rider to cover it.
     
  15. ridgerunner1965

    ridgerunner1965 Member

    Joined:
    Dec 11, 2010
    Messages:
    588
    gun insurance

    my home policy with state farm only covers $1500 in guns. for a little over a 100$ they offer a policy that cover up to 10 k in guns.
     
  16. rellascout

    rellascout member

    Joined:
    Dec 22, 2004
    Messages:
    5,149
    Location:
    VA
    Run the numbers through someone like Collectinsure against the NRA program for additional coverage over the "free" NRA coverage. It is more than triple what other companies charge. IIRC $10K worth of additional coverage via the NRA program is almost $200 a year while Collectinsure will cost you something like $60.
     
  17. armoredman

    armoredman Member

    Joined:
    Nov 19, 2003
    Messages:
    16,770
    Location:
    proud to be in AZ
    Bought a rider for mine, goes up and down when firearms are added/removed, but less than $50, no serial numbers, declared values from Gun Broker middle of the road. Worth it to me.
     
  18. O C

    O C Member

    Joined:
    Dec 20, 2006
    Messages:
    214
    Location:
    Colorado
    Alrighty then! We've identified some carriers, and some prices. It seems as though it's coming down to coverages. CollectInsure covers individual guns within a "collection" whether it's on premises or not. Some carriers only cover guns on your premises, which brings up the situation of "I took my custom bench rest .300 Ouch&Ouch Mangle'm to a match, and it was stolen". Covered or not?
     
  19. wally

    wally Member

    Joined:
    Jan 2, 2004
    Messages:
    12,750
    Location:
    Houston, Tx
    For these answers you have to talk to an agent for the insurance company. The devil is in the details.

    For me having them insured when in my home, since that is where they are 99.9% of the time, and not having to tell God know who works in the insurance business exactly what I have, works for me.
     
  20. 303tom

    303tom member

    Joined:
    Jul 16, 2011
    Messages:
    4,059
    Location:
    Missouri
    I have over a hundred thousand in firearms & firearm related stuff , Insurance ! You damn right .
     
  21. feltonfitz

    feltonfitz Member

    Joined:
    Sep 22, 2009
    Messages:
    16
    Thanks for all of the great posts about www.CollectInsure.com. Here are some coverage issues to consider:

    - coverage away from premise including unattended vehicle
    - coverage while being shipped
    - types of guns covered...some of the carriers do not cover modern firearms especially what they consider "assault rifles"
    - coverage for flood and hurricane
    - coperage for accessories and ammo
    - deductible
     
  22. dickttx

    dickttx Member

    Joined:
    Feb 9, 2011
    Messages:
    954
    Location:
    Fort Worth
    I just checked yesterday and the NRA affiliate is about three times the price for listing them on my homeowners policy.
     
  23. thunderstorm

    thunderstorm Member

    Joined:
    Dec 18, 2006
    Messages:
    110
    Location:
    STL MO
    Lots of good information about www.CollectInsure.com, quick question do they want a list of what your have with Model and SN#?
     
  24. boykinlp

    boykinlp Member

    Joined:
    Apr 23, 2011
    Messages:
    42
    Location:
    South Carolina
    Has anybody here filed a claim with these guys? If so, how did it work out?
     
  25. Dr.Rob

    Dr.Rob Moderator Staff Member

    Joined:
    Dec 23, 2002
    Messages:
    14,894
    Location:
    Centennial, CO
    I have a seperate rider on my policy for collections.
     
Thread Status:
Not open for further replies.

Share This Page