Gun insurance

[RPC56]

Besides the NRA, who else has specific insurance for firearms?

[jmaglipay]

Ask your home insurance carrier. They usually have a rider policy. Depending on your home insurance you might be capped on your coverage.

[smittty]

Not covered under basic policy. Guns and jewelry are extra.

Coverage for each gun costs me about $5 per year.

[swruger]

From prior posts here,

USAA
NRA
Collet
Eastern Insurance
Core Vens

[Robotron2k84]

I have State Farm and a rider for my home owner's, specific category is sporting equipment and premium is 1% of replacement or agreed (appraised) value per year. Ammunition is unfortunately not covered by SF. This policy is uncapped, and a little more pricey than others.

[edgerly779]

i have 3k coverage with my homeowners insurance. smitty wrong about most

[RPC56]

Calgunners, thank you very much for all of your imput.

[L84CABO]

From prior posts here,

USAA
NRA
Collet
Eastern Insurance
Core Vens

^^^ This...and Collect Insure. NRA and Collect Insure usually have pretty good rates. I hear good things about Eastern but don't have any direct experience with them. I went with Collect Insure and have been pleased with their level of service...but I've never had to file a claim yet (knock on wood).

[smittty]

Getting reimbursed for loss is one thing but the guns I have left are off roster or modified to fit me so I'd be pretty disappointed to lose them.

I'm getting ready for the next storm for which I know I'll be in mandatory evacuation, so I'm moving my guns and ammo to safer place.

If a flood or mudslide doesn't wipe out my home the looters will likely get to it!

[JackEllis]

It sounds like insurance for guns is pretty inexpensive. I know of someone who lost about $100k worth of guns, ammunition and reloading equipment in the Santa Rosa fire and his insurance is now worth every penny he every paid for it.

Just remember that insurance companies are in business to make money, and policies are typically priced so that in aggregate between 85 and 105% of the money they collect every year gets spent on claims, sales and marketing, and administrative overhead (yep, insurance companies often pay out as much or more than they take in).

If you're a collector, you have expensive guns, you live in a high crime area, or you live in an area that's prone to mudslides, fires or floods, then separate insurance probably makes economic sense.

[Spaceghost]

However, ammo, components, loading equipment and anything you can think of related to ammo is covered by your personal property in your state farm homeowners policy.

Of course, every claim is subject to your policy's deductible. Only certain classifications of property have strict limits within the contract. Firearms, jewelry, furs, silverware and home computers are examples of such property.

Optics are not consider firearms either.

I have State Farm and a rider for my home owner's, specific category is sporting equipment and premium is 1% of replacement or agreed (appraised) value per year. Ammunition is unfortunately not covered by SF. This policy is uncapped, and a little more pricey than others.

[Robotron2k84]

However, ammo, components, loading equipment and anything you can think of related to ammo is covered by your personal property in your state farm homeowners policy.

Of course, every claim is subject to your policy's deductible. Only certain classifications of property have strict limits within the contract. Firearms, jewelry, furs, silverware and home computers are examples of such property.

Optics are not consider firearms either.

So I think that's a negative.

As was explained to me by my agent, the rider specifically raises the limit of the classification allowance, which would normally be capped at 5k for sporting equipment. It's a scheduled policy, so every firearm and component is detailed in a spreadsheet with valuations that I have to submit to their underwriters.

This was the cheapest and most reliable insurance I could find for collections of my size. But, the rider also imposes a blanket disallowing of claims for ammunition, depending on the peril in question. In their eyes, ammo is consumable and subject to spoilage (for which they may have a separate rider, I didn't check), but also ripe for fraud given how hard it is to track, and the policy being upcapped. Optics would be under the same sporting equipment classification as there is no category just for firearms, again according to my agent - who could be wrong.

For me, this policy is adequate as I have limited space to store ammunition and only keep a few thousand rounds on hand, anyway. The financial cost to replace that stock would be bearable, which would only come about from theft as other perils are covered and would reimburse, probably at some fraction of the ammo's value.

I'll have to go and check back with my agent to see if I could make a claim under the general coverage for ammo theft, but I believe the rider forecloses that. Reloading equipment was not in question and would be covered.

[67Cuda]

Check with AAA. They cover your guns, no extras.

[Stanze]

If thief is your only concern, just keep buying so many guns that it'd be a major PITA for the thief to steal them all.

That said, the money I've spent on insurance -- that didn't even fully cover my collection could of bought more guns, ammo and optics.

[GW]

From prior posts here,

USAA
NRA
Collet
Eastern Insurance
Core Vens

You can add Farmer's
I have a rider on my homeowners policy.