Gun insurance

[tenring]

I have a SPP rider on my Allstate HO policy to cover firearms and scopes. The premium cost is $1 per $100 value. I had to supply photos and appraisal of each. The appraisal was easy. I typed up a description and fair value of each and took it to my favorite gun dealer for his signature. The Scheduled Personal Property amendment covers everything, even loss of the item. You leave it in the woods, its covered.

Couple years ago, I could not find a year old NF 12-42 scope. Thought it got thrown out for trash. Made a claim and Allstate paid me the stated value in days. Four months later it was found where my daughter put it without telling me. I repaid Allstate.

 

[Paul Seaman]

Another thing here guys some insurance companies have in fine print is a proof of replacement clause. You must replace the equipment lost to receive the check, so you cannot just claim the loss and pocket the cash! So it's item for item replacement! That's how my friend had to do things after his house fire with all his firearms one for one replacements more or less equal some were upgrades but the dollars were spent on firearms and reloading equipment!

Hope this doesn't muddy up your discussion any just my $.02

 

[spencerhenry]

I looked into it years ago, 16 years ago to be exact. My home owners policy will only cover $5k of guns AND accessories! To add additional coverage was $30 per $1000 of value per year, that was 16 years ago. I figured it was cheaper to make sure nothing happened to them than to have them pay for them if something did. A dozen or so yards of concrete, hundreds of feet of rebar, and a 1/2" thick stainless door and I am dollars ahead.

 

[corning]

NRA only covers $2500 of loss with our membership. Additional NRA Insurance is roughly $100/$10,000 of coverage as I recall. You tell them what you had and how much you paid for it, they write a check. No proof of ownership nor appraisals required up to the amount of coverage. I keep a list of firearms and optics (all they cover) with serial numbers and receipts in a fire-proof(resistant) file cabinet just in case.

Actually, they will require details about higher value items. I sent them an itemized list, make, caliber, and s/n. It wasn't hard to cross the threshold with some big ticket competition guns. Try replacing a Palma rifle, F-TR, F-open rifle, or high end/collectible match .22. Get enough of that stuff, along with sights and scopes, and you will have a pretty hefty tab to the insurance company.

 

[370bc]

I looked into it years ago, 16 years ago to be exact. My home owners policy will only cover $5k of guns AND accessories! To add additional coverage was $30 per $1000 of value per year, that was 16 years ago. I figured it was cheaper to make sure nothing happened to them than to have them pay for them if something did. A dozen or so yards of concrete, hundreds of feet of rebar, and a 1/2" thick stainless door and I am dollars ahead.

All behind a false wall.

 

[rkittine]

If you bought it new, the NRA and NSSA insurance is happy with a copy of the receipt. $10 per thousand coverage and no issues covering a $6,000 custom rifle or a $24,000 Kreighoff.

Bob

 

[joshb]

My problem: I can only insure them for what I told my wife I paid for them.

 

[DennisH]

If you bought it new, the NRA and NSSA insurance is happy with a copy of the receipt. $10 per thousand coverage and no issues covering a $6,000 custom rifle or a $24,000 Kreighoff.

Bob

$300.00 annually will cover $30,000.00 of your weapons, correct? With which insurance company?

Dennis

 

[rkittine]

Yep, My current policy is through the NSSA. (National Skeet Shooting Association) Rate was the same through the NRA if I remember correctly. Couldn't get more than $15,000 in total on my home owners for firearms.

Bob

 

[hoz53]

$300.00 annually will cover $30,000.00 of your weapons, correct? With which insurance company?

Dennis

NRA armscare

 

[DennisH]

NRA armscare

Is there a CAP on the amount of coverage you can purchase?

Dennis

 

[Joe Salt]

Don't know if someone mentioned it. But I just raised my content insurance to $300.000 and it was only like $25.00 more a year.

joe Salt

 

[DennisH]

Don't know if someone mentioned it. But I just raised my content insurance to $300.000 and it was only like $25.00 more a year.

joe Salt

Joe, does this cover all firearms and related reloading equipment? PM if necessary, Dennis

 

[hoz53]

Is there a CAP on the amount of coverage you can purchase?

Dennis

I don't know -never thought about that. You can go to their website and get a quote.

 

[Joe Salt]

Joe, does this cover all firearms and related reloading equipment? PM if necessary, Dennis

Dennis I raised it from a 100.000 to three hundred so it would be enough to cover the guns and reloading stuff. But I could never replace everything I have. That's the bad part of it all. If you had a world record rifle could you replace it? Yes you will have the money but that doesn't replace the things you have had for years.
So I'll pay the extra money with hopes I'll never have to collect. But that was my way of collecting something for my lose.

Joe Salt

 

[MislMan]

Please note - for the 'free' NRA coverage, you must sign up. No big deal or revealing question but more of an acknowledgment that you are participating.

 

[cbeard]

http://www.corevensguninsurance.com/
Check these folks out.

 

[rkittine]

Most "Contents Coverage" I have seen strickly limits firearms and related items regardless of the total. I havfe $895,000 of contents coverage on my house and a max of $15,000 for firearms. That is why I have always had supplemental firearms insurance. It none of my insurance covers gun powder and most insurance companies that I have used have a limit on how much gun powder you can store without a formal powder magazine.

Bob

 

[tenring]

most insurance companies that I have used have a limit on how much gun powder you can store without a formal powder magazine.

BEWARE; Some local communities limit the amount of black and smokeless powder you can store in your home. I THINK most of them use the BOCA code as a guide and it says 25 lbs. maximum. I could b e wrong on the amount.

 

[rkittine]

Limit hear on Smokeless powder is 28 (not sure why that amount rather than 20, 25, 30 etc.) pounds in your home. Above that you need a powder magazine to be legal. My powder is in a magazine in a detached structure and because of the regulations I do not keep any in the house. I have a heated and airconditioned garage and bring in what powder I need as needed.

Bob