Posted: 4/3/2014 2:04:39 PM EDT
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Just got off the phone with Farmer's. Doing some mods to some of my existing insurance policies.
Turns out they want receipts and/or appraisals if I want to do above the norm for firearms insurance, and anything that covers more than just theft (fire, etc). I don't have receipts as many are hand-me-downs or were purchased used. Looking for information on companies that either offer specific coverage for firearms (like that's all they do, high end items, whatever), or a different insurance company altogether to handle just home owners/renter's insurance to include a collection. Any advice? |
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Cannot advise you to any specific companies, but:
Many companies will schedule firearms w/ out appraisals or bill of sales. Just make sure you have pics & seriel #s of all firarms, before a loss happens. In most cases in an the event of a loss.. you'll only be initially reimbursed a small portion of the loss, until you give them receipts for the replacement of each individual firearm, then they'll pay the remainder. All companies are not created equal, each has their own rules on what is covered & what isn't.... ETA: Some companies will charge you $10 or so per $1000 for what you believe they are worth, but in the end market value less depreciation, will determine how much you'll be reimbursed. |
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<--- state farm sales
State Farm personal articles policy. (not just for guns but also jewelry, medical equipment, cameras, computers, art, music crap, etc) $0 deductible, claims NOT tied to your homeowner's policy so no risk of cancelation if you have a loss. Two categories - currently being used/fired classified as sporting equipment. No if ands or buts, you have to give serial numbers. Any one piece valued at over $5,000 needs an independent appraisal. 2nd category is for antiques and under the heading - fine art. MUCH cheaper to insure than the 'sporting equipment' category. I have roughly $9k of 'sporting equipment' on my personal policy and it's like $9/month. |
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All of the sporting goods policies only cover certain amounts of firearms and its usually pretty limited. The phone agents tell you anything but then when you get the policy docs its pretty clear the coverage is poor. NRA insurance is the best for coverage. http://www.locktonrisk.com/nrains/armscareplus.htm |
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No appraisal or inventory required:
http://www.collectinsure.com/ |
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Quoted:
All of the sporting goods policies only cover certain amounts of firearms and its usually pretty limited. The phone agents tell you anything but then when you get the policy docs its pretty clear the coverage is poor. Quoted:
All of the sporting goods policies only cover certain amounts of firearms and its usually pretty limited. The phone agents tell you anything but then when you get the policy docs its pretty clear the coverage is poor. you should clarify before I call you an idiot Also seems respected from what I've seen. Mysterious disappearance is NOT covered. It is on a SF Personal Articles Policy 
---------- History of claims payouts is important, not just best price (in any insurance product) |
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In the event of a claim you WILL have to provide some type of record as proof of ownership....pics, personal record book, receipts. Though they don't require anything up front (no serial #'s, appraisals). If you look at the policy intro. packet they send out it's pretty clear. Most H.O. policies only go up to $500 per gun and have a cap on how many guns total. Anything over that and you're looking at providing serial #'s and an appraisal list. Most won't cover accessories either....YMMV. |
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Quoted:
In the event of a claim you WILL have to provide some type of record as proof of ownership....pics, personal record book, receipts. Though they don't require anything up front (no serial #'s, appraisals). If you look at the policy intro. packet they send out it's pretty clear. Most H.O. policies only go up to $500 per gun and have a cap on how many guns total. Anything over that and you're looking at providing serial #'s and an appraisal list. Most won't cover accessories either....YMMV. Quoted:
In the event of a claim you WILL have to provide some type of record as proof of ownership....pics, personal record book, receipts. Though they don't require anything up front (no serial #'s, appraisals). If you look at the policy intro. packet they send out it's pretty clear. Most H.O. policies only go up to $500 per gun and have a cap on how many guns total. Anything over that and you're looking at providing serial #'s and an appraisal list. Most won't cover accessories either....YMMV. Well yeah, that's a given IMO. Most people find that much less objectionable than handing over all the info about their entire collection up front, however. |
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Quoted:
Save the cost of premiums and buy are REAL safe. I have yet to hear of anybody getting fully paid out on a total loss. Insurance on a large collection comes with loose lipped agents, serial numbers, appraisals, etc. A major house fire can destroy the contents of any gun safe. I've yet to hear of Collector's shorting anyone on a loss. As above, Collector's doesn't require SN's or appraisals. Before anyone gets the wrong idea, I'm not affiliated with or a fanboy of Collector's. This is all just the info I found out while going through the frustrating process of finding a good provider. |
FYI -- When you get a rider policy, any hack, in another office can access your account and a list of what you have insured. Types, amounts, etc. Not good knowing YOUR gun list is "out there" in a computer file just waiting to be seen by an unwanted person. X- SIL be damned.
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Quoted:
FYI -- When you get a rider policy, any hack, in another office can access your account and a list of what you have insured. Types, amounts, etc. Not good knowing YOUR gun list is "out there" in a computer file just waiting to be seen by an unwanted person. X- SIL be damned. Quoted:
FYI -- When you get a rider policy, any hack, in another office can access your account and a list of what you have insured. Types, amounts, etc. Not good knowing YOUR gun list is "out there" in a computer file just waiting to be seen by an unwanted person. X- SIL be damned. Way to paint with a broad brush. THis is not the case in regards to SF. YMMV Quoted:
FYI NRA insurance on $20,000 worth of firearms runs approximately $235/year. That's almost exactly what it would cost through State Farm. Just so everyone knows that the NRA coverage isn't a stellar steal 
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