The Original CZ Forum
GENERAL => General Discussion => Topic started by: Trh9905 on May 04, 2019, 07:58:58 PM
-
I?ve been avoiding my insurance guy. I couldn?t get a gun safe in my basement much less purchase one that?s big enough. I decided to build a gun room. It doesn?t have a 2 hour fire rating at 1800 degrees but your not going to walk through the walls or the door with ease.
We do have a alarm system that?s monitored 24/7. And it works! Given that, if the place goes in flames I?m going to be running away as fast as I can as I?m crying. Perhaps I just need to byte the bullet and by insurance coverage.
At what point did you purchase additional insurance coverage (fire, theft, etc) for your firearm related investment?
What insurance companies did you consider?
What company did you go with and why?
Did they require an itemized list of your guns, ammunition, etc?
Thank you.
Terry
Sent from my iPad using Tapatalk
-
I recently sold a lot of mine and am now almost In the free NRA zone so I dropped mine this year. The latest was Auto Owners price wise but they required a list and you tell them the value. Next price wise was USSA combined with my house etc. The add on for NRA was just short of 10% more.
These were all priced based on 42 gun fire rated Winchester safe.
OOOoooops As mentioned below it is USAA
-
Following. This is a helpful and timely topic.
-
Eastern Insurance has a exceptional firearms coverage program. $100 deductible....$126 annual premium. No itemization required unless value is REALLY up there.
Coverage up to $40,000. Also covers firearm damage (like if you drop you shotgun in the lake) and loss of expensive stuff (they covered expenses to replace a Microtech knife I lost).
Good people.
-
I don?t know about you guys,but I?m thinking more and more about getting legal insurance,because if something gun related happens and goes wrong,I will spend a lot more on lawyers then the cost of all of my guns.I just see chances of that happening are much more real than fire or burglary.If you are collector and have a very expensive and rare firearms or have a lot of them,than it might be a different story.
-
I finally signed up with Gun and Trophy Insurance based on reviews from a shotgun forum. The owner is a Trapshooter. Several people have had claims and they were handled quickly and professionally. They cover accessories and custom work done to the gun. $150.00 for $20,000 per year.
https://www.gunandtrophy.com
-
I recently sold a lot of mine and am now almost In the free NRA zone so I dropped mine this year. The latest was Auto Owners price wise but they required a list and you tell them the value. Next price wise was USAA combined with my house etc. The add on for NRA was just short of 10% more.
These were all priced based on 42 gun fire rated Winchester safe.
There, fixed it for ya, I also have USAA.
-
Hiya and thanks for the thread. I'd never heard of Eastern Insurance but that seems a proper deal. Unfortunately many of us will only find out the reality of our situation in the weeks following an insurance claim. My Farmers policy after their interviews and investigation paid out 9-10 percent of what my claimed loss was. Be well.
-
The way my home owners policy is setup, I've asked them to raise the maximum coverage for personal belongings. As the policy was written, it gave x amount for the each structure, x amount for property value, x amount for medical claims, yadda, yadda, all the coverage. The personal property maximum reimbursement was at $75k. Which is probably enough for most folks, including me. But over the years I have accumulated a lot of dollars in equipment in my shop, tools, some guns in the house, etc. So they raised that value to $200k at my request. Of course this added to my policy cost, around $185 a year.
-
I also use eastern insurance
-
I finally signed up with Gun and Trophy Insurance based on reviews from a shotgun forum. The owner is a Trapshooter. Several people have had claims and they were handled quickly and professionally. They cover accessories and custom work done to the gun. $150.00 for $20,000 per year.
https://www.gunandtrophy.com
Added an addendum to my policy ... about $75 per $10k worth of equipment. So, same as yours ... didn?t require registration or serials / models to be provided.
-
I have USAA for my home owners - and they offer a separate insurance for Firearms and other thing like jewelery, etc (think high dollar or stuff you have serial#,pictures of). It probably isn't the cheapest but I do a lot of business through USAA so makes it very convenient.
-
I don?t know about you guys,but I?m thinking more and more about getting legal insurance,because if something gun related happens and goes wrong,I will spend a lot more on lawyers then the cost of all of my guns.I just see chances of that happening are much more real than fire or burglary.If you are collector and have a very expensive and rare firearms or have a lot of them,than it might be a different story.
When I looked into the varying companies offering this kind of coverage, CCW Safe was by far the best one for me. YMMV depending on your state or other factors. I think it's a bit over $100 a year and they find the lawyer for you if you need it and cover virtually all costs. They defended one person so far. The prosecutor saw the shooting as murder, not self defense, and took him to trial. The jury found him not guilty pretty quickly and I am sure the CCW Safe lawyers and expert witnesses had a lot to do with it.
-
I finally signed up with Gun and Trophy Insurance based on reviews from a shotgun forum. The owner is a Trapshooter. Several people have had claims and they were handled quickly and professionally. They cover accessories and custom work done to the gun. $150.00 for $20,000 per year.
https://www.gunandtrophy.com
Added an addendum to my policy ... about $75 per $10k worth of equipment. So, same as yours ... didn?t require registration or serials / models to be provided.
I think it?s $10,000/gun before you need to give G&T a serial number. The fact that a number of forum members had good experiences when filing a claim will make me stay with them. And recommend them.
-
I believe CCW Safe and G&T are great options. At G&T you can get 50,000 of insurance for 155.00 per year. That?s 155.00 per year.
Sent from my iPad using Tapatalk
-
I asked my agent how much I am covered on my homeowners, then tell him what I have if it is valued over what they cover. Then he adjusts my monthly rate accordingly.
-
Took my CCL renewal classes today,instructor was an ex marine,current swat team officer at Kane County Police,IL.Very nice guy,of course he gave us all the legal advices from cops perspective,mostly telling what you can not do and I can tell you guys,in Cook County,IL concealed carry is good for nothing,you can only have it in your car,home and some parts of the street.Can?t shoot anybody in self defense untill you are half dead,have a knife sticking out of your back or a couple of bullets in your body from intruder or a burglar.The only good thing,CC courses are now 8hrs for a new applicants,not 16hrs like it was when I first got it,3hrs to renew.
Anyway,couple of guys mentioned concealed carry insurance,they were talking about $300 a year.It cover up to a $100k in bonds,lawyers etc.
-
Anyway,couple of guys mentioned concealed carry insurance,they were talking about $300 a year.It cover up to a $100k in bonds,lawyers etc.
I believe that is part of the problem. They give you $100K insurance on what might be a $20,000,000 wrongful death etc legal problem.
-
Anyway,couple of guys mentioned concealed carry insurance,they were talking about $300 a year.It cover up to a $100k in bonds,lawyers etc.
I believe that is part of the problem. They give you $100K insurance on what might be a $20,000,000 wrongful death etc legal problem.
If you own a house and have retirement savings you should have an umbrella policy that covers all lawsuits. You are an ambulance chaser's dream if anyone is hurt or killed--regardless of the cause.
-
If you own a house and have retirement savings you should have an umbrella policy that covers all lawsuits. You are an ambulance chaser's dream if anyone is hurt or killed--regardless of the cause.
[/quote]
Good info,thanks,had no idea umbrella covers lawsuits,will have to check on that.
-
From the basic homeowner coverage explanation on umbrella policies:
"Home insurance companies use different wording to outline their insurance obligations, but most include an outright exclusion on coverage for injuries caused intentionally by the policyholder?even in cases of self-defense. However, some policies include an explicit self-defense exception, says Kochenburger. "Even if it does, it's still going to beg the question, 'was this an act of self defense?' It's better to have [a self-defense exception] than not, but it's no guarantee"
-
I called my insurance agent today to investigate my options. I simply asked, if I have 26,000 in guns and accessories that I want insured, what are my options? As it turns out I have two options.
1) Itemize the gun(s)/accessories (no ammo) 7 the cost will be 690 a year.
2) Increase our personal property by 28,000 and we will cover your guns, accessories and your ammo for 175 a year.
Well, option 2 got my attention! How fast can I get everything covered? Well Jack, we can do it today. Hhhmmm, let me think about it.
I pulled out my homeowners policy and went over the declarations. Here?s why there?s a difference. There?s limits on theft claims.
- 250 on cash, coins, gold, silver & collectibles.
- 2500 on jewelry
- 2500 on guns & any accessories.
So, I called my agent back and he confirmed that the limits are on theft. There are reasons you may want to itemize Jack! You might want full coverage. Here?s a few reasons.
- Someone follows you home and steals all your gun and accessories.
- Someone breaks in an walks off with your guns and accessories. They know it takes 7 minutes for the police to get a call.
- You take all your guns and some accessories to the range
and someone drives off with them.
- Your going on a hunt to a remote us land and the boat sinks.
- You just can?t fine one of your guns.
- You crash on the way to the range and 8 guns get damaged.
- Your friend is a new gunsmith and ,well, things didn?t go well.
Sent from my iPad using Tapatalk
-
From the basic homeowner coverage explanation on umbrella policies:
"Home insurance companies use different wording to outline their insurance obligations, but most include an outright exclusion on coverage for injuries caused intentionally by the policyholder?even in cases of self-defense. However, some policies include an explicit self-defense exception, says Kochenburger. "Even if it does, it's still going to beg the question, 'was this an act of self defense?' It's better to have [a self-defense exception] than not, but it's no guarantee"
Thanks, I did not know that. I have the CCW Safe for self-defense and an umbrella that covers lawsuits for everything else.
I really need to look into the firearms theft/loss coverage though. Appreciate the info on this thread.