Homeowners Insurance and Firearms

[NotEnufGarage]

I just looked at my policy and it only provides coverage for $2500 per firearm and $5000 total. After that I built a spreadsheet of all my firearms (Make, model, caliber, serial number, year acquired) and what it would cost to replace them, along with any accessories and ammo I have for each. I am way over the total coverage provided, so I'm calling my agent this morning to increase it. She'll probably want a copy of the list as well as pictures.

Is there a better solution for coverage. I know for classic cars there are special insurers.

Thanks.

BTW - I encourage all to do the same. In the event of a housefire, you'd probably lose all your receipts so having this stored offsite, like through one of the online backup services, could save a lot of grief with your insurance company.

[8bitnintendo]

Yes, you'll need a supplemental coverage rider (frequently called valuable property insurance or schedule property insurance.) It'll probably be easier to just get that from your homeowners/renters insurance company rather than hunt around for a separate company.

[timmy8151]

Try Armscare through the NRA. No need to provide model or serial #'s and cheaper than going through my homeowners insurance carrier

[paul0660]

OP if possible can you share which company you have?

[dls]

I'm shopping myself I have AAA now,and I'm not even sure what their gun policy is,but a have a high amount on my garage contents tools/property etc. that should off set it a bit.
State Farm told me the same thing, $2500 per $5k total. thats maybe 2 of my nicer firearms.
Still shopping.

[timmy8151]

Armscare rates are $17.40/$1000 insured/yr. Also if you're an NRA member you automatically receive $2500 in coverage for free

[beauregard]

Is there a better solution for coverage.

Thanks.

Yes. Get USAA.

[NotEnufGarage]

I spoke to my agent (State Farm) and she thought my best options would be Personal Property coverage for the more valuable items and let the remainder be covered by my homeowners existing 2500/5000 theft and fire coverage. The Personal Property coverage is $1.52 per $100 value, so to cover $10,000 worth of firearms would run $152/year and it's zero deductible and coverage applies anywhere it might be stolen from (house, car, camper, range locker). They require a list, replacement value and photos of any worth over $2500.

Guess I'll go that route. The cheap plinkers, MN1891, HD shotguns, and range guns can stay on the homeowners policy and the more valuable guns get listed.

[Peter.Steele]

I just looked at my policy and it only provides coverage for $2500 per firearm and $5000 total. After that I built a spreadsheet of all my firearms (Make, model, caliber, serial number, year acquired) and what it would cost to replace them, along with any accessories and ammo I have for each. I am way over the total coverage provided, so I'm calling my agent this morning to increase it. She'll probably want a copy of the list as well as pictures.

Is there a better solution for coverage. I know for classic cars there are special insurers.

Thanks.

BTW - I encourage all to do the same. In the event of a housefire, you'd probably lose all your receipts so having this stored offsite, like through one of the online backup services, could save a lot of grief with your insurance company.

NRA offers supplemental insurance for your firearms, for a very reasonable rate. You gotta be a member, though.

[a1c]

What they said. Your standard homeowners/renters insurance only provides minimum insurance for jewelry, art, precious metals or firearms.

If your guns are the concerns, go with NRA's insurance.

If you also have significant art or jewelry you need to insure, go with a specialized broker. Many of them also cover firearms. Appraisals may be necessary.

[Kelvrick]

Ill have to look it up, but the last time i asked my aaa agent, my firearms were covered just like everything else. I think it was 2k per item, up to my total limit. I dont have the high price stuff, so i didnt get anything supplemental.

[tileguy]

The personal property sounds like the way to go. Ill talk to my agent tommorow