I'd like to get more insurance for my firearms

[caldude]

I priced a separate firearms rider with my insurance company and compared it to the NRA policy and others. The NRA coverage was by far the cheapest and simplest to set up - if you don't have individual firearms worth over $2500. Basically you just figure out how much coverage you need, and get a quote.

Insurance is all about risk management - can you risk losing the value of the property? If not, get coverage for that potential loss. Yes, you have to figure out the chance of a loss and if you're okay with taking that risk without any coverage.

[Roccobro]

That's a lot of money. The likelihood of losing your guns is actually relatively low, I think you'd be better of creating a bank account (or investment account) and putting the money into savings.

Any money not gobbled up by family and bills gets invested in firearms and ammunition. Which can possibly be stolen. Invest that money in better security? Not much you can do on $150 a year that most gun owners haven't done already.

Or get the cheapest or most effective insurance for the safety and piece of mind.

Justin

[-hanko]

Any money not gobbled up by family and bills gets invested in firearms and ammunition. Which can possibly be stolen. Invest that money in better security? Not much you can do on $150 a year that most gun owners haven't done already.

Or get the cheapest or most effective insurance for the safety and piece of mind.

Justin

Maybe find a company/agent that will cover the weapons without receipts. Mine doesn't even ask for serial numbers.

-hanko

[rimfire78]

Maybe find a company/agent that will cover the weapons without receipts. Mine doesn't even ask for serial numbers.

-hanko

That's what we've been saying about the NRA insurance.

[feltonfitz]

Well let's see, lose 8k worth of property or spend $140.00?
I appreciate what you're saying, and I agree that it'd be better to keep your money, but unless you've got enough put away to cover that kind of loss.....and even then, now you're kind of out 16k if you use your own money to replace the arms. Bad deal.

$8,000 in gun coverage with www.collectinsure.com would be around $60 per year.

[blackbox]

Its a little bit worrying that collectinsure doesn't appear to list any of their financials on their website (how much assets do they hold, are they rated by AM Best, do they have re-insurance, etc).

[Solidsnake87]

I'll have to look into all these insurance companies.

[only10x]

good tread. memo to self

[bubbapug1]

NRA insurance is a RIP OFF. Get your home owners or rental carrier to increase your bandwidth on theft to inlcude your guns.

I priced a few places. I valued a collection at $50,000.00 with a few scheduled guns (over $3,000.00 each)

Here are the prices:

NRA $535.00
Allstate $203.00
www.collectinsure.com $380.00