Hey guys. Thought I would pass this along for anyone interested. I was reading another forum discussing firearms ins. I never realized how much I was getting hosed by the NRA firearms policy. Got my renewal the other day and I was paying $148 a year for $8,000 coverage. Called this place and I ended up with a blanket policy of $35,000 coverage for $125 a year. Only single guns with a value of $10K have to be scheduled.

 

http://www.historicfirearms.com/

 

Guys name is Jack Richardson. He is also a competitive shooter and he knows his stuff

 

Let me say I am not associated with his company in any way. Just thought I would pass this great deal out to everyone.

Interesting. I cannot find on their website what they cover. I assume theft, but what about other issues such as water damage, roof caving in, liability, etc, etc?

 

Sounds like it may be a good deal. I guess I should check with my homeowners insurance (Liberty Mutual) to see what they can offer as a package since they also insure my cars.

Thanks....going to look into this

As a point of information, you firearms are covered by your homeowner policy just the same as any other type of personal property, like your kitchen table or living room couch. The limitation that kicks in is if/when the firearm is stolen or misplaced. At that point, for that specific peril(s), there is a limitation of coverage (per gun/total value). But if they burn up in a fire they are covered like regular property.

As a point of information, you firearms are covered by your homeowner policy just the same as any other type of personal property, like your kitchen table or living room couch. The limitation that kicks in is if/when the firearm is stolen or misplaced. At that point, for that specific peril(s), there is a limitation of coverage (per gun/total value). But if they burn up in a fire they are covered like regular property.

 

Not true. You really shouldnt give out info like this as you could be misleading a lot of people. That may be true with your company, but its not like that with all or most.

And, even if you have coverage, it will be rather limited. If you own 2 or 3 guns, you don't need additional coverage (unless they are very valuable). If you have a sizable collection, extra coverage is a good idea.

Not true. You really shouldnt give out info like this as you could be misleading a lot of people. That may be true with your company, but its not like that with all or most.

Really?

 

Have you read a policy that limits the coverage other than I've described? If so, please name it, or send me the policy form, so I can update my list.

 

On edit....MOST carriers use forms printed by ISO (they are the people who design and publish insurance policy forms). Others will use what's called a "Manuscript" policy, meaning, they wrote it themselves. It's been my experience that carriers who manuscript almost always broaden coverage from ISO, and those that don't will mirror ISO very closely but not exactly.

 

If you follow the link (not my company/just a random link found on internet) below you'll see an HO-3 (very typical) homeowner policy. The vast majority of carriers use this form. Go to page 2, upper right corner, and read item number 6.

 

http://www.mullerinsurance.com/resources/Homeowners3SpecialForm.pdf

 

It stands to reason that you should always read your policy, however, my original comments are going to prove accurate for the vast majority of people who are going to read this thread.

 

On second edit....here is the HO4 renters form (for those who rent). Go to page 2, upper right, number 6.

 

http://www.mullerinsurance.com/resources/Homeowners4SpecialForm.pdf

You know what, i take that back. i am reading through a few policies now and the firearm special limit only applies in theft from what i can tell.

 

So, you may be right, I still advise people to read their own policies and not assume something is covered. As i said in the other thread on this topic.

 

Sorry

I still advise people to read their own policies and not assume something is covered.

Sorry

No worries Bud. I think the best advice is always for people to read their policy and if they are confused to ask a question.

I actually sell insurance for a company that has their own policy and seems to be a little more broad in a lot of situations than a standard HO3

Isn't theft a major reason to turn your loss into an insurance company?

I actually sell insurance for a company that has their own policy and seems to be a little more broad in a lot of situations than a standard HO3

Most carriers including those who subscribe to ISO, offer broadening endorsements that increase the limits on those items, like guns, jewelery, etc., from what is provided under the basic HO form.

Isn't theft a major reason to turn your loss into an insurance company?

Yes, and which is why its very important to make sure your stuff is covered properly, assuming that it's important to you.

 

I've got standard production guns that really aren't worth that much money. Another guy I shot with a week ago has custom worth several thousand dollars.

I pay approximately $8/day for Property, Liability and CCW Insurance. (business and personal) IMO, definitely worth every penny spent.

As a point of information, you firearms are covered by your homeowner policy just the same as any other type of personal property, like your kitchen table or living room couch. The limitation that kicks in is if/when the firearm is stolen or misplaced. At that point, for that specific peril(s), there is a limitation of coverage (per gun/total value). But if they burn up in a fire they are covered like regular property.

 

My homeowners policy only covers up to $3,000 in loses for guns.

My homeowners policy only covers up to $3,000 in loses for guns.

For what type of loss? Probably loss due to theft of misplacement.

Hey guys. Thought I would pass this along for anyone interested. I was reading another forum discussing firearms ins. I never realized how much I was getting hosed by the NRA firearms policy. Got my renewal the other day and I was paying $148 a year for $8,000 coverage. Called this place and I ended up with a blanket policy of $35,000 coverage for $125 a year. Only single guns with a value of $10K have to be scheduled.

 

http://www.historicfirearms.com/

 

Guys name is Jack Richardson. He is also a competitive shooter and he knows his stuff

 

Let me say I am not associated with his company in any way. Just thought I would pass this great deal out to everyone.

 

That site only opens as a blank page for me on IE and Firefox? Is it opening for you guys? For you insurance guys, is it better to just get a rider on my HO policy for my guns or should i look for a specific, separate policy for them. I only have a handful and none are very expensive, but I would hate to have to shell out to replace them all in case of loss.

Webpage looks like it is down.

Webpage looks like it is down.

 

Probably hosted by godaddy.com. all their sites are down. They got hacked