Gun Insurance?

[rifleman 90]

If all the guns were not lost off the boat during a hurricane, does anybody have recommendations for gun insurance at home? The maximum rider for New Jersey Manufacturers is $5,000 which we all know is about 1/2 of a shotgun. Much prefer to have the whole gun insured.

 

Thanks all,

[T Bill 649]

NRA one is about the best.  

https://mynrainsurance.com/insurance-products/firearms-armscare-plus

 

Of course if you insure everything, I not talking just guns, considering the relative risk of a claim versus the total cost of premiums paid over a lifetime, the difference would be staggering.

[InFamous 311]

NRA gives you $2500 for free, I'm not sure what the higher ends ones cost. But thanks for reminding me to activate my wifes free $2500 insurance through her NRA membership lol

[T Bill 649]

If you both are members, you both activate your free coverage.  Prices and benefits are quite good.

[InFamous 311]

If you both are members, you both activate your free coverage.  Prices and benefits are quite good.

 

Yes we are and I did. I just checked out your link and looked at different coverage amounts. 10k was only $98 or so a year, you get just under 20k for $20 a month. It's not too bad at all. 

[WhiskeyTangoFoxtrot 358]

Eastern Insurance.  About $125 for $35,000 of Unscheduled collectibles coverage per annum.

 

https://www.easterninsurance.com/insurance-quotes/personal-insurance/historic-firearms

[InFamous 311]

I only see for Historic Firearms on there.

[WhiskeyTangoFoxtrot 358]

It's really "collectibles" whether it's a mint condition GI matching serial Garand or a high-end KAC SR-15.  Either way, give Jack a call.  He's a great resource whether you go with them or not.

[BMWR12 35]

Eastern Insurance. About $125 for $35,000 of Unscheduled collectibles coverage per annum.

 

https://www.easterninsurance.com/insurance-quotes/personal-insurance/historic-firearms

What is per annum? I am looking to get my collection insured fully both guns and military items and they sound like a good place to try.

[10X 3,301]

What is per annum?

 

Annually.     Per year.

[AverageJoe 95]

If all the guns were not lost off the boat during a hurricane, does anybody have recommendations for gun insurance at home? The maximum rider for New Jersey Manufacturers is $5,000 which we all know is about 1/2 of a shotgun. Much prefer to have the whole gun insured.

 

Thanks all,

This thread too rich for my blood...good luck lol

[PK90 3,570]

It cost me $80/mo to insure my collection. I paid it for a few years then decided to drop it, as I have a really good fireproof safe and an alarm system.

 

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[sroc112 24]

Question on the NRA insurance... I activated mine but there were no questions at all around listing the guns that you are actually putting on the policy. Did I miss something, or is it in fact that all you do is simply activate it and there are no details required about types of guns, number of guns, etc needed?

[raz-0 1,259]

Question on the NRA insurance... I activated mine but there were no questions at all around listing the guns that you are actually putting on the policy. Did I miss something, or is it in fact that all you do is simply activate it and there are no details required about types of guns, number of guns, etc needed?

 

The insurance company writing it only requires reporting of items over a certain dollar value.  IIRC that value is $2500. Which is over the value of the default NRA policy, so they don't care if you tell them anything until you buy additional insurance. 

 

Having gone down that road, the company they insure through is a bit on the overpriced side for additional insurance. 

[sroc112 24]

So if my entire safe got broken into and stollen, I can claim up to $2,500 in losses with the basic plan without them ever having record or knowledge of what weapons were kept in there?

[Gus 33]

So if my entire safe got broken into and stollen, I can claim up to $2,500 in losses with the basic plan without them ever having record or knowledge of what weapons were kept in there?

 

Yes and no.

 

Yes that is the coverage: $2500 without having to fill out anything.

 

However, if something happened, and for whatever reason they didn't 100% believe your claim was legit, they may ask you to prove you actually owned the firearm(s) you are asking them to pay off on. So the moral of the story is, keep some sort of record or receipt in a separate location.

 

I keep a folder with the COE's of every gun I own. It would come in handy both for the police report, and the insurance claim.

[PK90 3,570]

Are you discussing Armscare? The limit, before serial numbers are required, is PER firearm.

 

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[sroc112 24]

So Coe or permit would suffice as receipt of ownership in that case? I don't believe I actually have purchase receipts for everything.

[Gus 33]

Anything that proves ownership would count. COE, sales receipt, permit paperwork, relative's Will giving you ownership. You just need to establish that you had this firearm in the first place.

[Handyman 5,682]

What is per annum?

I think it's when the doctor gives you a pill, but instead of you eating it he sticks it up your behind.