Most here have homeowners insurance, firearms insurance, car insurance or other types of insurance. My question is about when claims are paid for firearm loss due to theft or other such incident.

Once an insurance company pays for a loss, the gun is no longer the property of the insured but rather belongs to the insurance company. If a gun is recovered, as often happens, it usually ends up in the hands of the original owner.

But what happens to the guns that goes to the insurance company? If they sell them off, I would love to get on their call list to buy these guns. I would love to buy these guns for fifty cents on the dollar or less. I used to be on the buyer list for Allstate for cars, awnings and other type but they never notified me about any guns being available.

Are the guns gobbled up by employees, given to dealers or what? Someone here has to know.

I cover mine though USAA and I had to call them to add coverage. They only cover so much under renter's or home owner's plans. If you have a safe full of guns you need to call your coverage provider and ask them how to add to your coverage. That is all I can add to this.

Coffee is just starting to kick in so forgive if I am wrong, but would this not put the insurance co. into the category of a gun dealer? Meaning they would have to have an FFL. I think most Insurance companies may see that as a liability to themselves. They may just let the police evidence people keep and dispose of them. Just morning ramblings. I’ll wake up after a few more cups of joe.

Sometimes they are offered to the original owner for what the insurance company "paid" for them. Other than that, I don't know. They try to salvage as much as they can from other losses, so why wouldn't they sell the firearms to recover some cash?

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I think most insurance companies offer to sell recovered weapons back to the original owners for what they have in them. They have to do the transfer through an FFL. I don't know what they do with them if the original owner does not want to purchase them back.

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Those that the insured doesn't want back probably are sold to a licensed dealer providing the company with a bill of sale. The companies don't have that many recovered guns to dispose of to be classified a dealer.

By coincidence, I happened to call my homeowners' insurance company yesterday to inquire about a few aspects of my policy, including coverage for firearms theft.

As I expected, there is no cheap way to insure firearms. In fact, for many of us, if you have even a modest gun collection, and invest in a good safe as opposed to buying insurance, in a few years you will have saved more than enough money to pay for much, if not all, of your gun collection.