curious about NRA gun insurance experiences

[bheadboy]

i am curious as to the experience some of you may have had with claims for guns stolen, damaged, fire, etc. with the NRA insurance.

your comments please

Thank you

Bob

 

[VaniB]

I'm going back many years ago......but I was not impressed with my NRA coverage for the theft of a pistol from my home. My only claim to State Farm for the home break-in was a broken master bedroom window, and the loss of a Baretta 92S which I had paid $350 for at the time. NRA insurance instructed me to first collect all that I could from my home insrance policy. Then whatever State Farm didn't cover me for, the NRA policy wold kick in. Well, between the deductable from my State Farm Policy, and the deductable from the NRA insurance, I remember I was out for most of the cost of the $350 pistol. If I recall all these years later, I ended up receiving a check for something like $85 from the NRA Insurance policy. Hey.... worse things happen then a broken window and the loss of a single $350 pistol during a home burglery, so I got off easy!

All I know is considering the time and paperwork required, my $85 refund check didn't impress me. Perhaps if you suffer a substantial loss that is thousands of dollars, the NRA insurance policy refunds are that much more beneficial to you.

 

[fredhorace77]

My experience has been less than impressive also

 

[Duster_360]

I had a rifle and 3 pistols and a lot of other stuff stolen in a robbery of my house in 1980 (I was waiting on a gun safe delivery at the time!). All the guns were highly modified and I put together a 50+page document with photos and receipts on each gun showing at the least the parts that had been removed in the process of modifying the various guns. After my home owners insurance paid off, I mailed a copy of the whole thing to the NRA gun insurance folks and they literally made up 100% of the difference in what I had received versus what I had lost. I was very satisfied about that part of the experience.

I have 2 safes these days and use them religiously. I used to check every year thru a LEO friend if those serial numbers had ever surfaced again, but no traces were ever seen.

 

[bheadboy]

question, does the NRA insurance pay only after your home owners coverage pays? what if you do not "list seperately" on home owners?

Bob

 

[VaniB]

.......................................I have 2 safes these days and use them religiously......

Not to get too far off the topic, but an ounce of prevention is better then a pound of cure. I only lost a single $350 Baretta pistol because it was my chosen nightime home security arm. Even then he had to go look for it. No other guns are ever left out for the taking. A $1,500 safe is a cheap price to pay to keep your weapons and jewelry safe from the typical hit&run thieves.

 

[bheadboy]

(Not to get too far off the topic, but an ounce of prevention is better then a pound of cure. I only lost a single $350 Baretta pistol because it was my chosen nightime home security arm. Even then he had to go look for it. No other guns are ever left out for the taking. A $1,500 safe is a cheap price to pay to keep your weapons and jewelry safe from the typical hit&run thieves.)

i have one, but try going to Wy for the Se carrying 2-4 rifles, et al to pd shoot or mule hunt taking two hunters and a couple of custom rifles et al, or even going to the skeet range with a 12ga 20ga 28 ga citori, et al

consider a reck, car jack, stolen car or anything elas that can happen, then --- what has your safe done foryou.

the question is---- is the NRA insurance a good substitute for local sorce insurance ?


Bob

 

[bheadboy]

btt

 

[Duster_360]

Standard NRA Armscare policy provides only $2500 coverage. You can get more, so I assume you're asking about that additional coverage? You can call them and ask them about rates and terms etc for additional coverage beyond the basic $2500. I have no experience with how the added coverage interacts with any other insurance you may have.

The standard Armscare policy coverage is after your homeowners settlement. They won't process your claim without the final paperwork from your homeowners claim. When we were robbed, my guns were not listed separately on our insurance.

 

[tenring]

Most homeowners policies have a limit for theft claims, some $500, others more, which includes firearms, jewelry, etc. You can purchase additional coverage for those, on a "Scheduled Personal Property" rider. The rates vary, but the cheapest I have found is with my Allstate HO policy at $1.00 per $100.00 of value per year. I have my guns and some optics on the SPP. It covers theft, fire, mysterious loss, gun left afield, etc. I have had claims for gun thefts and disappearance of a NF scope and a Leitz binocular. Allstate paid both claims promptly. You need to submit an appraisal and photos for each item insured. This is a better deal than the NRA offers. Actually, NRA does not write the policy, they farm it out to their prefered carrier.

 

[VaniB]

Most homeowners policies have a limit for theft claims, some $500, others more, which includes firearms, jewelry, etc. You can purchase additional coverage for those, on a "Scheduled Personal Property" rider. The rates vary, but the cheapest I have found is with my Allstate HO policy at $1.00 per $100.00 of value per year. I have my guns and some optics on the SPP. It covers theft, fire, mysterious loss, gun left afield, etc. I have had claims for gun thefts and disappearance of a NF scope and a Leitz binocular. Allstate paid both claims promptly. You need to submit an appraisal and photos for each item insured. This is a better deal than the NRA offers. Actually, NRA does not write the policy, they farm it out to their prefered carrier.

I think a reliable and uniform answer to your question about the NRA Insurance is not possible, as I believe the circumstances and results will vary with case by case.

I would concentrate more on an addtional policy written from your insurance agent who insures your home and autos, and regard the NRA as nothing more then a side benefit. The NRA insurance seems very iffy at best. HOWEVER.... My personal experience is that most insurance agents prefer not to issue gun or jewelry polocies. The rate quoted to me by two trusted insurance agents I've had through the years was higher then $1 per $100. The deal killer was the demand by both agents to have a professional appraisal done on my firearms, and updated periodically. (Like I'm supposed to drag my collection to Jimmy Bobs gunshop, pay them $$ per gun appraisal, and hope they agree that my custom 20Tac had cost me $2,000 to build, and will cost the same $2,000 to replace?)

The NRA Insurance is just a marketing tool to help entice you to become an NRA member. While they have an obligation to meet, I feel they just as soon wiggle out of the claim as best they can.

YMMV

 

[tenring]

The NRA Insurance is just a marketing tool to help entice you to become an NRA member. While they have an obligation to meet, I feel they just as soon wiggle out of the claim as best they can.

YMMV

Exactly. BTW, I visit my regular gun shop and know the owner. I have pre-typed out a description and appraisal which he will sign and stamp with his business letterhead. He never refuses (Shuus, don't tell anyone).