Firearm insurance
- Thread starter ryutzy
- Start date
Winny Fan
New member
Most common insurance carriers will provide coverage for reasonably priced legally-owned firearms, scopes, cases and accessories through a Valuable Personal Property clause or separate policy. Coverage varies with the company and with the premiums you are willing to pay. When I say "reasonably priced", I'm not talking excedingly high dollar items, but it certainly can include custom rifles designed for hunting, for example, that are not unreasonably priced far from mainstream pricing for other similar items. Cameras, jewelry, computers, art work, and other similar items are in the normal type of items they will insure in this manner also.
If you are a collector or have unusually high value firearms well beyond the mainstream norm, say values with medium to high 5 or 6 digit values and beyond included per insured item, then you will need to find specialized insurance. Most insurance companies can provide you with references to do your own shopping. Believe it or not, people have been known to pay well into the high 6 digits+ for certain collectible firearms.
Just know that some of these specialized insurers provide coverage with "strings attached" that limit and define how and where, for example, you can store the items they insure. I find what they require is not far beyond what I would do anyway considering the value of certain items they are insuring. Other restrictions may also apply, but for the sake of some PM posters, I'll leave any further issues undefined and let you discover some of them yourself. These specialized insurers will insure your Ferrari collection also, where All State or Geico will probably pass due to item by item appraised prices.
HTH.......
If you are a collector or have unusually high value firearms well beyond the mainstream norm, say values with medium to high 5 or 6 digit values and beyond included per insured item, then you will need to find specialized insurance. Most insurance companies can provide you with references to do your own shopping. Believe it or not, people have been known to pay well into the high 6 digits+ for certain collectible firearms.
Just know that some of these specialized insurers provide coverage with "strings attached" that limit and define how and where, for example, you can store the items they insure. I find what they require is not far beyond what I would do anyway considering the value of certain items they are insuring. Other restrictions may also apply, but for the sake of some PM posters, I'll leave any further issues undefined and let you discover some of them yourself. These specialized insurers will insure your Ferrari collection also, where All State or Geico will probably pass due to item by item appraised prices.
HTH.......
deaddogwalkin
Active member
My insurance company has what they call a Sporting Equipment Policy. Which I listed the gun with the serial# and accesories like scope and case with what I paid for it. It also covers my reloading equipment, archery gear and fishing gear. Every couple of years I update it and give them a total value that they insure the items for. If some one was to break into my car or my budies car when we were hunting or traveling and they stole my gun,bow or fishing gear all I would have to do is file a report with the police and within 2 days they would have me a check for the value that I have listed on the policy. If the house burned down and all was lost then they would cut me a check for the total value of the policy. I don't rely on the homeowners or renters insurance to cover the sporting equipment because there is a cap of I think $10,000 for non household stuff. It is very cheap for having $35,000 in coverage. If I recall it is $12.00 every 6 months. Which reminds me I need to recalculate the coverage.