What would you do if you lost them all?

[tnieto2004]

I have been thinking about "what if's" and I began to wonder what I would do if I lost all of my firearms. It also made me want to go talk to my insurance company about how much the home owners will cover just in case. I am going tomorrow to talk to them. Anyways has anyone lost all of them before? What did you do? What WOULD you do??

 

[-terry]

I'd probably buy the exact same four I have now.

Walther P99c
CZ 75B
Sig P220
Buckmark .22

 

[BobbyQuickdraw]

The NRA offers free gun insurance to all its members.

 

[PTK]

I would be inconvenienced for a few days. All of my firearms are insured for current replacement value + 10%, as directed by my insurance company.

 

[tnieto2004]

The NRA offers to cover up to $1,000 I believe. Unless you purchase another policy. Correct me if I am wrong, please.

 

[Eightball]

Could someone maybe PM me info on firearm insurance plans, maybe? And/or send me a linky to the NRA version of the same (and, do you need to be a member)?

 

[def4pos8]

Know the value of what you have and be certain that your underwriter agrees. You might decide to "self insure" some items of modest value. My basic homeowners and NRA policies wouldn't BEGIN to cover the value of my collection. (I'm a certified Old Fart who has spent WAY too much time and cash collecting firearms.) My underwriter receives an updated inventory at 180-day intervals and I specify how much risk, in $1K increments, to which they are exposed under a "personal articles floater".

Neglect this stuff and you may have to pay with tears.

 

[tnieto2004]

Must be nice to have to update every 180 days!

 

[ZeSpectre]

It's all insured. Would be really sad to loose a couple of them for either sentimental reasons or because (in the case of my cowboy action shooting rifle) I've put a lot of work/time into "tuning" it just so.

 

[Chester32141]

Most homeowners policies require that the policy holder schedule firearms to assure proper coverage ... can be pricey depending on location and company ... it's good to check into if you have a decent collection ... 8)

 

[vito]

I thought this thread was asking about the loss of guns through confiscation, such as if and when Hilary is our president and gun ownership is eliminated (since of course none of us needs a gun, only the military and police actually need them!). I found I was grateful to realize that at least one of my handguns was purchased before any requirement for background checks, showing a driver's license, etc., so even in the worst case scenario I would have one gun to fall back on if all the others were seized (speaking hypothetically of course).

 

[ZeSpectre]

I thought this thread was asking about the loss of guns through confiscation

If that's the case then what we need to do is PREVENT this scenario from coming to light in the first place.

Part of that is removing the "demonization" of firearms and making them as commonplace and unremarkable as swimming pools.

We must also never EVER forget that we are ALWAYS on duty as ambassadors where firearms ownership is concerned.

 

[GeezerwithGuns]

I put an additional rider on my homeowner's policy to cover my guns. It is designed to account for replacement costs of my "collector" firearms. I keep a cd in a safe deposit box with detailed descriptions, serial numbers and pictures (to validate condition). Some (with sentimental value) are irreplaceable, however, at least I know that I'll get fair market value. My agent, whom I've been with for 25 years, always reviews our policies with us on at least a yearly basis and makes any adjustments I think are necessary. I can also make a phone call and make an immediate change if called for as well.

If someone comes to "confiscate" them? I have a plan for that too.

 

[GunTech]

If you have more than a few guns, you better look into getting a rider on you insurance. Most policies only cover a couple of thousand dollars worth of guns - at most. That's only a couple of guns these days.

 

[OAKVILLE SHOOTER]

I thought this thread was asking about the loss of guns through confiscation, such as if and when Hilary is our president and gun ownership is eliminated

If this were to actually happen, could we turn in a claim to the insurance company as "stolen?"

 

[41magsnub]

If this were to actually happen, could we turn in a claim to the insurance company as "stolen?"

probably not, the .gov give you a token payment for the gun as "compensation"

 

[arflattop]

I had my collection stolen in the late 70's in TN. I had no clue about replacement value, etc. until the agent and I sat down and listed values. He was decent and gave me collector value on my 1911A1 WWI Colt and an Ithaca 10ga Damascus barrell s/s to make up for the Rugers, etc. that were depreciated. Definitely speak with your agent about either replacement value or assigning a value to older or collectable firearms. After I received the insurance money, I bought a safe, screwed it into the floor and began my collection all over again! What frosted me, though, was they took my guns, cameras and tools, and as they left, took my Jack Daniels Field Tester cap from the rack............

 

[MachIVshooter]

Firearms floaters are a must if you're a serious collector/enthusiast. Most policies cover a certain amount without the floater, but it's usually pretty small.

These floater policies aren't cheap, but I think worth it. My stuff is secure; my reason for the policy is not theft, but fire. Housefires tend to destroy EVERYTHING.

 

[Zundfolge]

The NRA offers to cover up to $1,000 I believe. Unless you purchase another policy. Correct me if I am wrong, please.

With your NRA Membership you get a $1000 policy (with a $100 deductible).

They will sell you more coverage for $1.66 per yer per $100 of coverage.
http://www.locktonrisk.com/nrains/armscare.asp

 

[MakAttak]

What frosted me, though, was they took my guns, cameras and tools, and as they left, took my Jack Daniels Field Tester cap from the rack............

Those ********!!!! (heartless fiends)

 

[single action]

Cry like a little girl. Then hit my secret stash!

 

[-terry]

Hillary won't take your guns. She knows that dog don't hunt. Guliani will take your guns. He's already done it in NY.

 

[CWL]

Mine are insured thru my homeowners policy. Take photographic inventory as well as s/n records, don't forget to include accessories like magazines, optics, holsters, etc.

basic homeowners/renters insurance should cover small collections. If you have a large one, you will need to add & pay for a seperate rider.

While mine are insured for replacement value, I'll never be able to replace many of my firearms if they are lost or destroyed.

 

[ArmedBear]

I'd get a 12 Gauge Beretta White Onyx, a Marlin 336SS, a Marlin 39A, and a S&W 686+, maybe a Walther P1 in good shape.

Wouldn't really need anything else -- not that I don't like anything else.

Then I'd look around. But the above would cover just about any use I can really claim.

 

[slide]

My previous policy with Farmers specifically excluded certain items from coverage or severely limited coverage. Firearms was one which was severely limited to, IIRC, $1,000. That is, even if could prove that I had $10,000 in firearms, Farmers would only pay off $1,000 in the case of a total loss.

Firearms and jewelery seem to be in separate categories demanding riders to get full coverage. BTW, when I checked Farmers for rates, I found them silly, but the NRA offers decent and reasonable rates.