Posted: 6/21/2013 7:32:52 PM EDT
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My wife and I have personal property insurance through USAA that has caps on what they'll pay out for firearms ($2500) and jewelry ($1000). If we buy a supplemental policy for firearms, we have to provide serial #, make, model, caliber/gauge, etc.
Does anyone have a policy like this? Pros? Cons? |
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I have a zero liability rider for my firearms, optics, etc. If they get lost or stolen they will pay out....I have never given the number of guns/optics, type, serial numbers... nothing. They just had me pick a price, and I pay based on that price.
They don't care what it is and they don't want to know. This same insurance company gave me $500 for the food in my refrigerator when the power was out for 2 weeks and all the food went bad. No questions asked they didn't care what I had in the fringe, they just gave me a flat fee. |
| I have a policy with Collectibles Insurance instead of going the route of a rider on my home owners. Covered for up to $10k, for something paltry like $75/yr. No serial numbers, or even an inventory was given. Covers everything too. Guns, optics, ammo, mounts, reloading gear, etc. Guns and all accessories, even suppressors. |
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I have a zero liability rider for my firearms, optics, etc. If they get lost or stolen they will pay out....I have never given the number of guns/optics, type, serial numbers... nothing. They just had me pick a price, and I pay based on that price. They don't care what it is and they don't want to know. This same insurance company gave me $500 for the food in my refrigerator when the power was out for 2 weeks and all the food went bad. No questions asked they didn't care what I had in the fringe, they just gave me a flat fee. Damn, who is yours with? |
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I have a zero liability rider for my firearms, optics, etc. If they get lost or stolen they will pay out....I have never given the number of guns/optics, type, serial numbers... nothing. They just had me pick a price, and I pay based on that price. They don't care what it is and they don't want to know. This same insurance company gave me $500 for the food in my refrigerator when the power was out for 2 weeks and all the food went bad. No questions asked they didn't care what I had in the fringe, they just gave me a flat fee. Damn, who is yours with? Travelers insurance. It's reasonably priced in my area. |
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I have a zero liability rider for my firearms, optics, etc. If they get lost or stolen they will pay out....I have never given the number of guns/optics, type, serial numbers... nothing. They just had me pick a price, and I pay based on that price. They don't care what it is and they don't want to know. This same insurance company gave me $500 for the food in my refrigerator when the power was out for 2 weeks and all the food went bad. No questions asked they didn't care what I had in the fringe, they just gave me a flat fee. Interesting that you haven't had to list the items being insured. I imagine if it comes time for a claim you will just have to file a police report and provide the information at that time. Not a bad setup, especially if you are constantly acquiring new toys or buying/selling. For the OP, it is definitely worth it to insure them separate from a home/renters policy. You generally can take advantage of a low deductible that way (often $0) and with a good policy you will have very broad coverage. The other advantage that if a claim is made, it won't jack around with your HO policy since they are separate. |
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I've got mine through state farm. I'm required to list everything, but they're covered in the event of lost,stolen,broken, etc.
I've got class 3 also, so not too worried ab big brotha at this pt. They wouldn't cover ammo or mags though, bc they weren't serialized items. I pay ~$300 for 25k of coverage |
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I use USAA and the extra rider. I have too many form 4's to care about big brother. They also insured my ammo  What happens when the ammo is distroyed in a series of small explosions? I have always kept a reasonable amount on hand plus my reloading stuff. The insurance is for theft and fire. I give them pics to keep everyone honest. My wife just had a little girl and there hasn't been a lot of time for small explosions, except the diaper ones 
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I have a policy with Collectibles Insurance instead of going the route of a rider on my home owners. Covered for up to $10k, for something paltry like $75/yr. No serial numbers, or even an inventory was given. Covers everything too. Guns, optics, ammo, mounts, reloading gear, etc. Guns and all accessories, even suppressors. Awesome people. They have dealt with all my BS over the years. I have never had a claim, but if you look in forums for reviews, their claim service gets rave reviews. |
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My wife and I have personal property insurance through USAA that has caps on what they'll pay out for firearms ($2500) and jewelry ($1000). If we buy a supplemental policy for firearms, we have to provide serial #, make, model, caliber/gauge, etc. Does anyone have a policy like this? Pros? Cons? I have the exact policy you are talking about, through USAA. There is a block to provide any descriptive information (including serial #, if you wish) you want, but no one from USAA ever confirms it. My assumption is, they will want photographs, receipts, etc to prove you actually own/owned the firearms, in the event that there is an issue. I provided serial number, because fuck it. If there is a list, I'm already on it. And if someone comes for my guns I'll be leaving in a body bag. |
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My wife and I have personal property insurance through USAA that has caps on what they'll pay out for firearms ($2500) and jewelry ($1000). If we buy a supplemental policy for firearms, we have to provide serial #, make, model, caliber/gauge, etc. Does anyone have a policy like this? Pros? Cons? I do. And remember the maximum amounts are NOT per item. The maximum is for the aggregate payout. (or at least it is in my policy) I have my high value firearms and most of my wife's jewelery itemized as a part of my homeowners insurance. If it is not itemized under my policy then the maximum amounts apply. |