was wondering what others are doing to insure they're collections. proof of ownership?, best insurance companies to use?, 2A friendly? requirements?

Bryce

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A man with a gun over there

Mine is tied into my regular home-owners insurance thru Nationwide. They also do my car insurance and other insurance needs for not quite 50 years.

You should be able to get a rider on your homeowners if they’re more valuable than what the policy covers

Written and (preferably) photographic documentation are the first step. Easy to do with a word processing program or spreadsheet and a digital camera.

You should look at several companies and compare rates, they vary widely.

As noted above, some homeowner's policies will cover collectible items. I believe the NRA has a firearms-specific program and there are several insurance firms in the field as well. Collectibles Insurance is a good one.

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Alan
SWCA LM 2023, SWHF 220

Eastern Insurance. If you have more than a few guns, their rates are likely cheaper than getting a rider on your home policy. I've used Collectibles but switched to Eastern years ago.

Problem with homeowners policies is that they likely won’t cover the full value of your collection, nor does it cover ammo/accessories like mags etc. Many companies also require serial numbers and other details you may not want to disclose.

I use Collectibles Insurance Services after speaking with and getting quotes from a handful of reputable 2nd Amendment insurance companies. I was very satisfied with the cost of the premium for the amount of coverage I needed. I also did not need to provide specifics like serial numbers or pictures of what I wanted insured. Other benefits of this policy is it covers guns being sent in the mail or in your car/RV, as well as fire/water damage and theft. Check em out!

SVT28

+1 for Eastern.

Without pictures and serial number, how could you ever prove a loss if something was to happen? Or, what their condition or value was when the loss occurred?

Sorry I should have clarified. They did not ask for serials or pictures to open a policy with a blanket $ of value, however in the event a claim needs to be made they do require serial(s) and pictures to verify condition. (Which I do have documented on two hard drives and my excel spreadsheet)

SVT28

It's best to call these places for specifics. They will answer all questions.

+1 for Eastern.

The only caveat with Eastern is that any single gun worth $50,000 or more will need to have a written appraisal to be underwritten.

Mike

In the late 70s when I accumulated a closet full of firearms, I was discussing insurance with a gun shop owner. He told me the cheapest insurance was a large fireproof safe, lag bolted to the foundation. Insurance wanted $1 @ $100 value per year. In the long run the safe was cheaper.
SWCA 892

Eastern is a fraction of that quote you received. They also cover ammo, reloading supplies, etc. And they offer a discount to SWCA members.

You can't. Just how insurance companies like it!

I use Lockton Insurance. I have plenty of insurance on my house with an umbrella policy on top of that, but the home insurance only covered like 10 grand. I spend $115 a year for $50,000 worth of protection for guns and accessories. No serial numbers needed unless one gun is with more than like $10,000 or so. Like most insurance, you don’t ever need it, until the one time you do. My wife thought I was stupid to get the electrical line policy and I’ve used it twice in 15 years and didn’t cost me a penny. That’s worth $5 a month to me.

Have gone back and forth between USAA and Leavenworth - Armed Forces Insurance.
Right now I’m with those Kansas folks.

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NRA LIFE MEMBER

I have Eastern . Looked into State Farm because they have all my other stuff. Cost over double and they wanted serial numbers of everything

Robert

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Robert
SWCA #2906, SWHF #760