Hunting Washington Forum

Equipment & Gear => Guns and Ammo => Topic started by: huntnphool on February 25, 2013, 11:34:18 AM

Title: Homeowners Insurance For Firearms
Post by: huntnphool on February 25, 2013, 11:34:18 AM: I would imagine the majority of members on these sites own firearms valued above the standard insurance maximum, most companies insure up to $2500-$5000 as part of the standard homeowners policies.

My question is for those that exceed this amount, what is a typical increase in output for adding another $10k-$20k etc in coverage?
Title: Re: Homeowners Insurance For Firearms
Post by: Sumpnneedskillin on February 25, 2013, 11:52:34 AM: I just did an add on policy of 12k coverage for less than $200 a yr.
Title: Re: Homeowners Insurance For Firearms
Post by: mazama on February 25, 2013, 12:15:32 PM: I think $40 got me an extra 5000,any loss under $3000 i would not turn in.
Title: Re: Homeowners Insurance For Firearms
Post by: baldopepper on February 25, 2013, 12:39:19 PM: I'm about $50.00/yr for up to $15,000. I'd highly recomend you take pictures and of course record the serial numbers and put them some place safe (safety deposit box). Insurance companies can get get pretty rough if you file a claim and can't back it up with proof. Goes for any real valuable item, even with a rider, but especailly so with firearms.
Title: Re: Homeowners Insurance For Firearms
Post by: SGTDuffman on February 25, 2013, 12:57:18 PM: I just add anything in excess of the $2,000 cap to a "Valuable Personal Property" policy. So it's kind of one by one, where I'm not paying for coverage I don't need. If I get another gun I add it's value, if I sell one I subtract it. I have somewhere in the neighborhood of $7k above the cap on the valuable personal property for guns and the premium is $101/yr. I've got other stuff on there too for another $20k and it's $162/yr. I think the NRA gives you the option of cheap insurance too. Depending how much you need, it may be worth looking in to. If you have a safe, they may also guarantee your firearms up to some value.
Title: Re: Homeowners Insurance For Firearms
Post by: wastickslinger on February 25, 2013, 04:03:47 PM: Generally $10 per thousand. Make sure to ask if your company considers the scopes and accessories part of the gun coverage. Some will some won't. Read the wording in the policy.
Title: Re: Homeowners Insurance For Firearms
Post by: whacker1 on February 25, 2013, 04:12:30 PM: Quote from: wastickslinger on February 25, 2013, 04:03:47 PM
Generally $10 per thousand. Make sure to ask if your company considers the scopes and accessories part of the gun coverage. Some will some won't. Read the wording in the policy.

Make sure the scope is in the description.

The other considerations are that some companies do not have limitations. Safeco does not have a value limit for example. They are not the only one, but the only one I can think of this second. The other bonuses to scheduling is the mysterious disappearnce coverage that comes with scheduled items and waiver of the deductible should something happen like it getting stolen. I Specifically encourage folks to consider the hunting rifle of choice or concealled carry that you travel with to be top priority. $10-16 per thousand is the range that I have seen from company to company and we represent 10+ companies of all different sorts.

Phool - do you also schedule your camera equipment?
Title: Re: Homeowners Insurance For Firearms
Post by: Bofire on February 25, 2013, 06:47:28 PM: Do not call it "guns" insurance. get sporting goods, or what ever. pics, numbers, etc. are musts.
Carl