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Insurance on Gun Collection

paboogerpabooger Member Posts: 13,953
edited March 2002 in Ask the Experts
I am curious, what type of insurance do you guys carry on your firearms? Is ordinary house insurance enough?
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Comments

  • nmyersnmyers Member Posts: 16,887 ✭✭✭✭
    edited November -1
    My insurance agent said that my guns were covered only up to $500, although standard coverage may be higher now. I had to get, at extra cost, a rider that listed the guns and their value. After a couple of years, I realized that financial loss wasn't my greatest fear: My biggest worry was that someone bad would steal my guns and use them to kill innocent people. So, I cancelled my gun insurance and bought a good quality safe; I have more than paid for it with the money I saved in insurance premiums.Neal
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  • martzkj@msn.commartzkj@msn.com Member Posts: 582 ✭✭✭✭
    edited November -1
    Hi, My standard policy doesn't cover more than $1000.00. However for $36.00 a year it boosted it up to $5000.00. Any more than that they wanted a list of the guns and serial numbers and the value. Now I keep my best guns at my dad's in the safe and the rest at my house. So this actually gives me $10,000 of coverage, because any guns lost at my dad's would be covered for $5000.00 and any lost at my house would be covered for $5000.00.
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  • rsnyder55rsnyder55 Member Posts: 2,526 ✭✭✭
    edited November -1
    At one time the NRA offered a basic line of insurance and you could raise that with an additional payment.If memory serves, they did not require a serial number.
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  • HerschelHerschel Member Posts: 2,035 ✭✭✭✭✭
    edited November -1
    I agree that a fireproof gunsafe is the solution. Once the safe is purchased there will be no annual expense for gun security. I considered loss by theft as the greatest risk and fire being secondary. A safe cracker can open a gun safe but most likely a burglary would be unable to.
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  • bhayes420bhayes420 Member Posts: 1,314 ✭✭✭✭✭
    edited November -1
    Mine is good up to $10,000. With my low gun buying budget, that is plenty for now!
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  • rsnyder55rsnyder55 Member Posts: 2,526 ✭✭✭
    edited November -1
    A safe is a visual deterent and given enough time any safe can be broken into or carted away. ATMS weigh far heavier than most safes a homeowner would have and they get hauled off. I have a safe and insurance just in case the unthinkable happens. As far as fire goes, even if the temperature in a fireproof safe doesn't reach the temperature to char paper doesn't mean your guns, scopes, or other accessories won't be damaged in a fire. [This message has been edited by rsnyder55 (edited 03-26-2002).]
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  • mhansonmhanson Member Posts: 79 ✭✭
    edited November -1
    Collectibles Insurance AgencyPhone # 1-888-837-9537E-mail collectinsure@pipeline.comWebsite www.collectinsure.com $10,000.00 for $38.00 year$25,000.00 for $95.00 year$50,000.00 for $190.00 year
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  • 4000fps4000fps Member Posts: 786 ✭✭
    edited November -1
    Sate Farm home owners covers up to $2500.00. An extra "rider" policy for $98.00 a year kicked mine up to $25,000.00. They requested list but no ser#'s. A good safe is a must.
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  • groundhog devastationgroundhog devastation Member Posts: 4,495
    edited November -1
    Thanks to all who have replied here. I didn't start the thread but I think it's one of the best threads in months!!! GHD
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  • paboogerpabooger Member Posts: 13,953
    edited November -1
    Yes thanks to all. All this info has been very helpful! booger
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