Firearms Insurance?
- Thread starter skywalkrNCSU
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ColtPythonElite
Member
- Joined
- Jan 8, 2011
- Messages
- 10,475
The policy I have doesn't require serial numbers. It is a blanket policy. My pictures including serial numbers and receipts/canceled checks certainly carry more weight regarding ownership than what a guy said he had in his attic.....There is a list of my guns. The company just doesn't maintain it.
quartermaster
Member
^^^^
OilyPablo
Member
I just redid my entire firearm collection with www.historicfirearms.com
I think the ENTIRE process was under 30 minutes and pain free. HIGHLY recommended.
I think the ENTIRE process was under 30 minutes and pain free. HIGHLY recommended.
If you'll screw up the courage to ask about covering your firearms you might be very pleasantly surprised, depending on who your insurance carrier is. Some require nothing more than your estimate of the dollar value of your collection, which they'll tack onto your homeowner's policy as a rider at very modest cost.
skywalkrNCSU
Member
Thanks everyone for all of the information. I ended up going with http://www.historicfirearms.com/ and it was an incredibly simple process. I have way more coverage than I will ever need (if my wife has her way) and it was half the price of what Allstate wanted and I didn't need to have my guns appraised and give them a list of everything I have.
leadcounsel
member
I've been happy with the NRA Armscare insurance. It's comparable to homeowners add-ons, and there's no requirements for providing them the lists you're not wanting to provide.
Just ensure you have good documentation of your items, photos, serials, etc.
Just ensure you have good documentation of your items, photos, serials, etc.
CoalTrain49
Member
Just went through all of this with Safeco. Gave them the list of everything I own with value. Rate increase was much less than anything I could purchase anywhere else. My policy has a deductible of 1K so I signed up for the $2500 that NRA offers for free. Policy states that they will cover anything up to $2500 that my insurance doesn't cover so that would be the 1K deductible that my Safeco policy requires.
Sav .250
Member
Your insurance co wanting an appraisal on your weapons is .....normal.
They have to establish ........worth.
They have to establish ........worth.
iShoot17
Member
For anyone looking to track their investments in firearms..
If you would like, I will gladly send the file that I use to track each of my firearms, cleared out of course.
It is an Excel file that I break every penny down for each firearm I own. I have tabs to split things up (Centerfire Rifle, Rimfire Rifle, Centerfire Pistol, Rimfire Pistol, Muzzleloaders, and Shotguns). Within each tab, I break down the following:
- Brand
- Model
- Caliber/Gauge
- Action Type
- Serial Number
- Date of Purchase/Gifting
- Where Purchased/Who Gifted
- Cost (or MSRP if gifted)
- Transferred?
- Transfer from?
- Cost of Transfer
- Cost of Taxes
- Accessories
- Accessory Costs
- Upgrades
- Upgrade Costs
- Work Done
- Who did Work
- Notes (Heirloom? First rifle? Etc.)
- Pictures (I create a PowerPoint Presentation on my computer for each firearm. Each presentation has pictures from multiple angles of the firearm in question, the serial number, pictures of accessories, pictures of scope serial numbers, etc.)
Why do I do this?
1) I like numbers and tend to go overboard.
2) 'Just in case' I have all the information I believe I would need.
3) To protect my family.
^To Protect my family: The reason I started keeping this documentation was to track what I have into my firearms. I have heard entirely too many stories of widows selling complete firearm collections to greedy snobs who offer what seems a large amount of money, are swift talkers, and who care for no one else but themselves. Although I am young, and hope God has quite a bit of time planned ahead for my time on this earth, I still need to be prepared for my families sake. Do I mind if they sell everything after I am called Home to Heaven? No. But I want them to know what it is truly worth and to make sure they get a fair deal. I don't want them to be scammed or to be taken advantage of. If my future wife (quickly approaching) were to ever sell my firearms for what she thinks they are worth, it would be disgusting and would probably make me turn over in my grave!
I back this file up on multiple external sources. The future Mrs. knows I have the file and so do a few other select people. I have the file saved on my computer, along with all of the PowerPoint presentations, in a separate folder that is hidden and locked. The way they know where to find it after I head Home is by looking in the safe and they will find folder paths on a file in their. I also print a copy of the Excel File yearly and put it in the safe.
I am currently looking into the insurance option...As it would be an outstanding idea and worth the extra monthly fee.
If you'd like to see the file, I will gladly send it. Shoot me a PM with your email and I can get it out. I group everything and try to make it professional and simple.
If you would like, I will gladly send the file that I use to track each of my firearms, cleared out of course.
It is an Excel file that I break every penny down for each firearm I own. I have tabs to split things up (Centerfire Rifle, Rimfire Rifle, Centerfire Pistol, Rimfire Pistol, Muzzleloaders, and Shotguns). Within each tab, I break down the following:
- Brand
- Model
- Caliber/Gauge
- Action Type
- Serial Number
- Date of Purchase/Gifting
- Where Purchased/Who Gifted
- Cost (or MSRP if gifted)
- Transferred?
- Transfer from?
- Cost of Transfer
- Cost of Taxes
- Accessories
- Accessory Costs
- Upgrades
- Upgrade Costs
- Work Done
- Who did Work
- Notes (Heirloom? First rifle? Etc.)
- Pictures (I create a PowerPoint Presentation on my computer for each firearm. Each presentation has pictures from multiple angles of the firearm in question, the serial number, pictures of accessories, pictures of scope serial numbers, etc.)
Why do I do this?
1) I like numbers and tend to go overboard.
2) 'Just in case' I have all the information I believe I would need.
3) To protect my family.
^To Protect my family: The reason I started keeping this documentation was to track what I have into my firearms. I have heard entirely too many stories of widows selling complete firearm collections to greedy snobs who offer what seems a large amount of money, are swift talkers, and who care for no one else but themselves. Although I am young, and hope God has quite a bit of time planned ahead for my time on this earth, I still need to be prepared for my families sake. Do I mind if they sell everything after I am called Home to Heaven? No. But I want them to know what it is truly worth and to make sure they get a fair deal. I don't want them to be scammed or to be taken advantage of. If my future wife (quickly approaching) were to ever sell my firearms for what she thinks they are worth, it would be disgusting and would probably make me turn over in my grave!
I back this file up on multiple external sources. The future Mrs. knows I have the file and so do a few other select people. I have the file saved on my computer, along with all of the PowerPoint presentations, in a separate folder that is hidden and locked. The way they know where to find it after I head Home is by looking in the safe and they will find folder paths on a file in their. I also print a copy of the Excel File yearly and put it in the safe.
I am currently looking into the insurance option...As it would be an outstanding idea and worth the extra monthly fee.
If you'd like to see the file, I will gladly send it. Shoot me a PM with your email and I can get it out. I group everything and try to make it professional and simple.
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