Firearm Insurance

[Dstrbdmedic167]

So I've been pondering this for quite a while and thought it'd make for good conversation. As my collection grows as does it's value. Those that have accrued a several firearms and accessories over the years. What, if any, do you do for insurance on your firearms. Do you take out a separate policy? Do you try to "umbrella" them under your homeowners/renters insurance. I know this is a question best suited for my agent but curious what some of you do? My only issue is having to list every serial number and value of each. I'm not the tinfoil hat type but that still doesn't appease me in any way. Thoughts? Suggestions?

[UWone77]

You need an insurance rider for your firearms. Your homeowners policy will only cover $2000-2500 in firearms typically.

50k of coverage costs me an extra $35 a month, but it provides full replacement value. I need to update it and up the coverage.

We also have a 1M umbrella policy, but I did not ask my agent if that adds coverage with my firearms, we mainly obtained the umbrella policy because my wife's medical practice requires it. The umbrella policy costs us about $15 a month.

[Slippers]

My homeowners insurance through USAA lets me add firearms. Yep, you have to list serial numbers. I also have my expensive optics on there, along with all the cameras and lenses. I don't put anything on that's within $100 of the deductible.

[Dstrbdmedic167]

Thanks guys! I know this is something I really need to do. I have a general umbrella policy for me too but I think it just covers malpractice and such and not firearms. I wanted opinions from others as my curiosity was peaked.

[UWone77]

Thanks guys! I know this is something I really need to do. I have a general umbrella policy for me too but I think it just covers malpractice and such and not firearms. I wanted opinions from others as my curiosity was peaked.

Well umbrella policies are also great if you get into a catastrophic auto accident that exceeds your 50/100 or 100/300 coverage. For $15 more, it's a no brainer for us.

[gatordev]

I have USAA as well, and for a while I put my firearms/optics on their under a rider, but it started getting expensive, especially as NFA stuff started to accumulate. I've since switched over to Eastern which has a collectors policy just for firearms. There's two main companies I found via Google but one won't cover me in FL, so I went with Eastern. The rate was much lower than USAA and includes all the bells and whistles. No serial numbers are required unless any one item is over $10K.

One of the things I liked about it was that it covers replacement cost, not just value, so they'll cover tax stamps as well as the actual item.

[Dstrbdmedic167]

Thanks gator that sounds like the ticket there.

[bzdog]

I haven't really looked into it closely, but I think there is a NRA sponsored insurance for firearms coverage.

They also have a self defense insurance which I think is more important and do have.

Oh, and probably the most important... a decent safe.

-john

[voodoo_man]

I have for home owners and added a 25k rider without having to add serial numbers, since I dont need people knowing my business. Though all NFA items I add the serials sincr they know already.

[toolboxluis00200]

This is some good info I need to look into this all so

I got broken in to back in 2008. My girlfriend at the time the got her glock19 and 38 special. And they got my USP.45. And the insurance did not want to cover the guns so I was only able to replace the Glock 19. :(

[UWone77]

Most people find out how useless their insurance is for firearms the day they get stolen unfortunately.

This is also a good reminder to write down your serial numbers somewhere secure, in the event your items get stolen, you can get them back at some point. I run guns all the time that come back clear, not registered, so it's virtually impossible to return them when found.

[voodoo_man]

Most people find out how useless their insurance is for firearms the day they get stolen unfortunately.

This is also a good reminder to write down your serial numbers somewhere secure, in the event your items get stolen, you can get them back at some point. I run guns all the time that come back clear, not registered, so it's virtually impossible to return them when found.

Spreadsheet with pictures and s/n in it saved on an HDD you keep somewhere off site.

Backup for backup plans.

[toolboxluis00200]

Most people find out how useless their insurance is for firearms the day they get stolen unfortunately.

This is also a good reminder to write down your serial numbers somewhere secure, in the event your items get stolen, you can get them back at some point. I run guns all the time that come back clear, not registered, so it's virtually impossible to return them when found.
i did get back the g19 like 3 months later but that was my girlfriend at the time CCW gun

Spreadsheet with pictures and s/n in it saved on an HDD you keep somewhere off site.

Backup for backup plans.

yes i need plan for that just in case

[2ATA]

A seperate policy is usually the best way to go. More important if you have a large value in firearms. I have photo documented all of my firearms and have the hard drive with my agent at her office. Of course, I'm also sleeping with her and I'm married to her. [:)]

[voodoo_man]

Realistically speaking everyone should have a mil umbrella coverage just in case...most agencies charge too much for it.

[toolboxluis00200]

A seperate policy is usually the best way to go. More important if you have a large value in firearms. I have photo documented all of my firearms and have the hard drive with my agent at her office. Of course, I'm also sleeping with her and I'm married to her. [:)]

lol

[gatordev]

I haven't really looked into it closely, but I think there is a NRA sponsored insurance for firearms coverage.


I signed up for the free portion of the NRA insurance when I got the email, but the I have yet to figure out how to actually make a claim and with whom. I think I got a confirmation email back but that was it. What further turned me off is that I continue to get soliciations for the insurance. It appears no one is talking to one another. I want to say I couldn't easily find out how to add insurance when I followed their link either. The whole thing seemed sketchy.


Spreadsheet with pictures and s/n in it saved on an HDD you keep somewhere off site.

Backup for backup plans.

I did the same thing and also added replacement costs for each item. Sure, that number changes over time, but at least it's all set up for adjustments.

[UWone77]

I think this is just an overall good reminder that insurance is one of the key components of overall coverage. I know most of you guys have more than $2500 worth of firearms, heck that's the cost of one very high end AR. I respond to burglaries all the time where people may lose a couple of handguns and a few rifles. The cost of replacement far exceeds the basic coverages. Most of the guns are stored under a bed or in a closet.

As someone else already mentioned, a good safe is also part of that equation.

We live in a nicer neighborhood, have several safes, alarm systems, camera security, and great insurance.

[SINNER]

Very good advice.



Never ceases to amaze me when you see 30k worth of weapons in a 1k "safe".

[Mecha_Arms]

A guy on TOS had an anecdote about using the firearm coverage that comes with NRA membership, and he said it was very easy to work with (which surprised me). From what I understand, and don't quote me on this, Lifetime Members get access to some sort of higher end coverage for a small premium. If you're an NRA member it's probably worth checking out.

I was thinking about firearm insurance recently as well. My agent and I have talked about guns before, but never gotten into detail. It's something I need to get up to speed on. As was mentioned earlier, I'm guessing I probably have a firearms maximum pay-out that a high end AR would consume completely.

[voodoo_man]

Anyone have a firearm friendly insurance company they've delt with?

I went with a local agent of Erie because shes paid out 50k+ for a guy I took a report of getting a Purdy receiver he had registered with them stolen.

[UWone77]

Anyone have a firearm friendly insurance company they've delt with?

I went with a local agent of Erie because shes paid out 50k+ for a guy I took a report of getting a Purdy receiver he had registered with them stolen.

I have State Farm. They've been pretty easy to deal with, and the guys I know that have had to make firearm claims, they've paid immediately, no hassle.

[GOST]

I use Farm Bureau.

[Dstrbdmedic167]

I use Farm Bureau.

I knew I liked you for some reason. My aunt works at my local branch so that helps some too.. although The Mrs. reeeealllyyy liked our new agent when our older one retired.. maybe I need to change over lol

EditL I have an aunt on the other side that works SF so either way i guess id be good lol

[Former11B]

Most people find out how useless their insurance is for firearms the day they get stolen unfortunately.

This is also a good reminder to write down your serial numbers somewhere secure, in the event your items get stolen, you can get them back at some point. I run guns all the time that come back clear, not registered, so it's virtually impossible to return them when found.

I keep a PowerPoint file on my computer AND on a hidden thumb drive (in case the computer is also stolen) that contains a small description, serial number, and a couple photos for easy ID.