Firearm Insurance?

[Trh9905]

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



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[larryflew]

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

[gunbuster]

Following. This is a helpful and timely topic.

[Coyote56]

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.

[retteryer]

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.

[mdshotgunner]

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

[2bfree]

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.

[adrian]

     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.

[Ohio CZ]

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.

[Luvdog]

I also use eastern insurance

[TjB101]

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.

[QuickDrawMcgraw]

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.

[Atomic Punk]

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.   

[mdshotgunner]

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.

[Trh9905]

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.




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