Posted: 7/18/2010 5:30:16 AM EDT
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I'm looking around for a company to insure my firearms.
Does anyone have any suggestions? Which company do you have a policy with and what are their rates? I thought there was a company through the NRA? I don't want to add them on to my home owners policy. |
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Their prices aren't bad. How is their reputation? |
| they use a few co in in the lloyds group so it is excess and surplus lines cover, that being said its a good value and you will get paid if you have good proof of value and proper docs to support your claim a time of loss i have collectors and hope i never use it btw never use your homeowners policy by adding a endorsement to add for a lot of guns a few of my customers had there coverage dropped for NO reason but we all know insurance co's hate guns pools pitbulls and trampolines pshts the insurance dr |
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Quoted: NRA covers the first $1000 dollars. They offer an extended plan http://www.locktonrisk.com/nrains/ArmsCarePlus.htmYeah, you don't want to go through your homeowners. The additional homeowners rider for my guns was going to run me 4 figures a year. NRA has a barebones policy for all members. There are other policies they offer. It works out to be about $75-$80 for every $5K $1.70-$1.75 for every $100 in coverage beyond the basic $1000 covered by NRA membership (+$10 service fee). Works out to to $166.00 for $10K in coverage for a year. |
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Quoted: Does having a safe make it cheaper?Quoted: NRA covers the first $1000 dollars. They offer an extended plan http://www.locktonrisk.com/nrains/ArmsCarePlus.htmYeah, you don't want to go through your homeowners. The additional homeowners rider for my guns was going to run me 4 figures a year. NRA has a barebones policy for all members. There are other policies they offer. It works out to be about $75-$80 for every $5K $1.70-$1.75 for every $100 in coverage beyond the basic $1000 covered by NRA membership (+$10 service fee). Works out to to $166.00 for $10K in coverage for a year. |
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Quoted:
Quoted:
Does having a safe make it cheaper?
Quoted:
NRA covers the first $1000 dollars. They offer an extended plan http://www.locktonrisk.com/nrains/ArmsCarePlus.htm
Yeah, you don't want to go through your homeowners. The additional homeowners rider for my guns was going to run me 4 figures a year. NRA has a barebones policy for all members. There are other policies they offer. It works out to be about $75-$80 for every $5K $1.70-$1.75 for every $100 in coverage beyond the basic $1000 covered by NRA membership (+$10 service fee). Works out to to $166.00 for $10K in coverage for a year. I don't believe so. But does it really matter? $170 annually for 10 grand in coverage is nothing. Half a case of ammo. I do not understand people that don't blink about spending $1000 on an EOAimTrijiPoint, or have three times that much wrapped up in ONE GUN ... but bitch about spending $500 for a basic fire safe or a couple hundred bucks annually on insurance for those guns. Most homeowner's policies provide a coverage limit of $1000-2500... not per gun. TOTAL. A separate firearms rider will (A) be damn expensive (I was well over 1,000/yr for the policy I wanted) and (B) they'll want an itemized list with serials and appraisals for guns over X declared value. The NRA coverage is cheap and they don't want serials for any one item under (IIRC) $2,500 declared value. |
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I talked with my agent about this. I have State Farm, and they insure up to 5k worth of firearms. As any real collection will quickly surpass that amount, I expressed my concerns. His suggestion was to plan on claiming the really expensive ones and replace the e-cheapos with the savings that I realize every year through lack of coverage. As in the above example, I would have $322 worth of guns through not paying the $166 for two years. Every 6 years of paying without claim would be reducing your benefit by $1k. |
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Quoted:
Quoted:
NRA covers the first $1000 dollars. They offer an extended plan http://www.locktonrisk.com/nrains/ArmsCarePlus.htm
Yeah, you don't want to go through your homeowners. The additional homeowners rider for my guns was going to run me 4 figures a year. NRA has a barebones policy for all members. There are other policies they offer. It works out to be about $75-$80 for every $5K $1.70-$1.75 for every $100 in coverage beyond the basic $1000 covered by NRA membership (+$10 service fee). Works out to to $166.00 for $10K in coverage for a year. + $35 for a annual 1 year NRA Membership if your not already a member. |
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<–– Licensed Insurance agent.
Most independent insurance agencies will have a policy for you called an "Inland Marine" policy. They can be written for cheap, and are better than a rider on your homeowners policy due to broader coverages and lower deductibles. These Inland Marine Policies can also be used to cover other valuable possessions (furs, jewelry, etc.). |