Triathloncoach
Member
As a NRA member I believe I have $2500 of insurance. Do not tell my wife, but that ain’t close to full coverage. Who do you use?
Thank you
Frank
Thank you
Frank
What Company Insures your Guns?
- Thread starter Triathloncoach
- Start date
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All insurance is going to be limited to $2500 for goods in your house. You need to ask your agent for a personal articles policy. They will record each serial number and value of each item. The more you insure the higher the premium. But well worth it in my opinion. I use state farm..
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The plus side to adding a rider to your home insurance is that they tend to cover anything, so if you also have other collectables, such as cameras, watches, etc. or lots of tools, they too will be covered. The negative side is these generic riders also tend to be fairly expensive and you can usually save by going with a company that insures your specific items, in this case your firearms. This is generally true of any specific field of collection, whether it be guns, or stamps, coins, art or whatever.
Arms-Care, the NRA endorsed carrier offers $50,000 of coverage for around $600 a year, as an example.
You may wish to look at this from a different angle though. Take the above quoted price for example. If you carry a $600 policy for 10 years, that's $6,000 - assuming no increases in price, which is highly unlikely. For that $6,000, you could buy a really good safe and have some money left over. A quality safe will deter all but the most determined of thieves, and unless you live in the boonies, provide adequate fire protection. Used properly, it will also keep your guns safe from youngsters and/or curious teenagers, plus you can use it to keep other valuables such as jewelry or cash safe. The last plus to owning a safe is insurance can't replace heirlooms. In the best of both worlds scenarios, you'd have both a good safe and insurance. Given the choice between one or the other, I chose the safe(s).
Arms-Care, the NRA endorsed carrier offers $50,000 of coverage for around $600 a year, as an example.
You may wish to look at this from a different angle though. Take the above quoted price for example. If you carry a $600 policy for 10 years, that's $6,000 - assuming no increases in price, which is highly unlikely. For that $6,000, you could buy a really good safe and have some money left over. A quality safe will deter all but the most determined of thieves, and unless you live in the boonies, provide adequate fire protection. Used properly, it will also keep your guns safe from youngsters and/or curious teenagers, plus you can use it to keep other valuables such as jewelry or cash safe. The last plus to owning a safe is insurance can't replace heirlooms. In the best of both worlds scenarios, you'd have both a good safe and insurance. Given the choice between one or the other, I chose the safe(s).
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Smith & Wesson. OK, a few Colts and a SIG/Sauer, too.
daniel lawecki
Member
American Family house, cars, motorcycles, and guns.
My rider is $17 per $1,000 of coverage . . .
Do any of you worry that the riders have become a stealth registration scheme? I'm a bit hesitant to give a 3rd party a complete list including serial numbers.
No . . . . .
I use Eastern Insurance - they have been widely recommended in similar discussions on this forum. I pay $333 for $100,000 of blanket coverage. $250 deductible and no itemization of the guns and accessories is required. Max coverage per single item is $10,000. The actual underwriter is Hanover Insurance Group. My premium reflects a 5%discount for NRA membership.
That was exactly what I did back in the 1980s. I bought a large size Pro Steel (now know as Browning) to lock up the goodies. When we sold the house we left it for the new owner as part of the deal
. Ordered a large Fort Knox and had it delivered and I installed it before we moved up to our present location. It has a decent fire rating and will definitely slow down theft attempts. So far so good!- Joined
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I've used Eastern (Jack Richardson) for several years. Comparatively good rates.
That's a smoking deal - but according to their website's quote form (see below) they do require a list of firearms that exceed $10,000. I'm safe there......
daniel lawecki
Member
I have a good safe but the fire rating on safes is what scares me. The heat from a house fire will have bad effects on guns inside. Our club burnt with guns in the safes heat had real bad effects on the guns plus water being sprayed the property was off grounds to everyone till insurance agents come. I'll still keep a rider on my goodies.
I use Collectibles Insurance in PA as I recall. About $400 for 120K insurance. No itemized list other than keeping my FFL03 bound book. I use safes as well as ADT alarm system.
This is a question that is asked here every few months. How claims are handled is the real test, and have not seen any posts from people who have filed claims.
This is a question that is asked here every few months. How claims are handled is the real test, and have not seen any posts from people who have filed claims.
No amount of insurance coverage would ever make up for a tragedy caused by a curious child that finds a gun. I sleep better knowing that only my wife and I have access to firearms in our household. Plus most insurance companies will give discounts based on the security you employ as a first defense to theft.
In my thinking, having insurance And a safe complement each other.
bushmaster1313
Member
I rely on F.P.I.C
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Faulkner
Member
I've used the NRA member insurance once and was not impressed.
State Farm - You will have to provide a full listing of each article to be insured.
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