SIGforum
Firearms Collection Insurance
July 28, 2021, 02:05 PM
cmparrishFirearms Collection Insurance
My current firearms collection exceeds what my homeowners policy covers. So we need to get some type of supplemental insurance. My wife has been shopping around and most of the providers want serial numbers/make/model of all the firearms in the collection. What is everyone’s thoughts on providing this information to an insurance company? Any worry about that data leaking out, being sold, getting into the hands of the government, etc?
Also, does anyone have a recommendation for a good reputable insurance company we could use.
Thanks
Chris
July 28, 2021, 02:33 PM
RogueJSK is very highly regarded as a source for supplemental firearms insurance.
They do not require a list of make/model/serial for their coverage.
(However, you'll want to keep personal documentation of all your firearms' serials, value, make/model, photo/video evidence, receipts, etc. in a safe place. That'll be needed if you ever have to make a claim. They won't just take your word for it if you say you had $20,000 worth of guns stolen.)
July 28, 2021, 02:38 PM
hrcjonI had no trouble getting my HO policy to increase the amount. Did you check on that?
“So in war, the way is to avoid what is strong, and strike at what is weak.”
July 28, 2021, 02:48 PM
RogueJSKquote:
Originally posted by hrcjon:
I had no trouble getting my HO policy to increase the amount. Did you check on that?
It's definitley worth looking into. But that's not always an option with every company. Or sometimes the available increase is still pretty minimal.
For example, my homeowners insurance had only one option for an increase to the blanket unscheduled firearms coverage. There's base firearms coverage of $2500 included in all homeowners policies, which can be increased up to $5000 with a specific additional firearms rider.
But $5k is still pretty small for many gun owners.
Anything beyond that required either an itemized schedule of guns on a separate personal items policy, or a supplemental policy from an outsider provider.
July 28, 2021, 02:51 PM
h2oysquote:
Originally posted by RogueJSK:
quote:
Originally posted by hrcjon:
I had no trouble getting my HO policy to increase the amount. Did you check on that?
It's definitley worth looking into. But that's not always an option with every company. Or sometimes the available increase is still pretty minimal.
For example, my homeowners insurance had only one option for an increase to the blanket unscheduled firearms coverage. There's base coverage of $2500 included in all homeowners policies, which can be increased up to $5000 with a specific additional firearms rider.
But $5k is still pretty small for many gun owners.
Anything beyond that required either an itemized schedule of guns on a separate personal items policy, or a supplemental policy from an outsider provider.
Rogue is correct.
The NRA used to have a plan wherein you didn't have to supply Serial Numbers but that ended a while back.
July 28, 2021, 03:47 PM
uvahawkAnother option with reasonable rates is Eastern Insurance Group , LLC. The Historic Firearms and Collectibles Insurance Program
933 Webster Street, Marshfield, MA 02050
P - 800.545.9326 X 59398 Direct - 781.596.8915 C - 781.974.3737
July 28, 2021, 05:41 PM
GraniteguyDo these policies require you to list every firearms/serial # or is it just an aggregate $ amount of coverage? If you have to list serial #'s - you are basically registering all your firearms.
July 28, 2021, 06:03 PM
Pale Horsequote:
Originally posted by Graniteguy:
Do these policies require you to list every firearms/serial # or is it just an aggregate $ amount of coverage? If you have to list serial #'s - you are basically registering all your firearms.
Some do, some do not. My policy does not require listing any guns.
“Everybody wants a Sig in the sheets but a Glock on the streets.” -bionic218 04-02-2014
July 28, 2021, 07:04 PM
rburgThe $5000 limit is amusing. Or was that per gun?
Of course not. That stuff was thought up by non-gun owners. Or WalMart shoppers. Anyone know if it also covers ammo? Not hard to have that much ammo at today's prices.
Unhappy ammo seeker
July 28, 2021, 07:39 PM
MikeGLIJust out of curiosity, do these policies cover theft and fire...etc? A while back when I spoke to my (now former) broker, the policy they offered was only for things like fire, theft was NOT really an option. When I pressed the issue, I didnt really like the answer but I also sat on it.
NRA Life Member
Steak: Rare. Coffee: Black. Bourbon: Neat. July 28, 2021, 07:51 PM
Oat_Action_Manquote:
Originally posted by Pale Horse:
quote:
Originally posted by Graniteguy:
Do these policies require you to list every firearms/serial # or is it just an aggregate $ amount of coverage? If you have to list serial #'s - you are basically registering all your firearms.
Some do, some do not. My policy does not require listing any guns.
Nor does mine.
----------------------------
Chuck Norris put the laughter in "manslaughter"
Educating the youth of America, one declension at a time.
July 28, 2021, 08:03 PM
hrcjonmy HO insurance company does not require a list and it covers serious amounts (six figures plus) provided I'm willing to pay (which is actually not that much). You might investigate if changing HO gets you a company that is better overall.
“So in war, the way is to avoid what is strong, and strike at what is weak.”
July 28, 2021, 09:10 PM
2PAKI had the NRA policy until it ceased. I converted it to Lockton which is similar to what NRA offered. No serial numbers etc. I do have to provide specifics on any firearm valued over $2,500 but no serial number.
July 28, 2021, 09:48 PM
Redhookbklynquote:
Originally posted by RogueJSK:
https://collectinsure.com/guns/ is very highly regarded as a source for supplemental firearms insurance.
They do not require a list of make/model/serial for their coverage.
(However, you'll want to keep personal documentation of all your firearms' serials, value, make/model, photo/video evidence, receipts, etc. in a safe place. That'll be needed if you ever have to make a claim. They won't just take your word for it if you say you had $20,000 worth of guns stolen.)
Thanks, Rogue.
“There is love in me the likes of which you’ve never seen. There is rage in me the likes of which should never escape."
—Mary Shelley, Frankenstein
July 29, 2021, 07:36 AM
sunburnquote:
Originally posted by uvahawk:
Another option with reasonable rates is Eastern Insurance Group , LLC. The Historic Firearms and Collectibles Insurance Program
933 Webster Street, Marshfield, MA 02050
P - 800.545.9326 X 59398 Direct - 781.596.8915 C - 781.974.3737
This company has been my go to for years, much less expensive than Lockton.
Lick the lollipop of mediocrity once and you suck forever.
July 29, 2021, 08:19 AM
Haveme1or2quote:
Originally posted by uvahawk:
Another option with reasonable rates is Eastern Insurance Group , LLC. The Historic Firearms and Collectibles Insurance Program
933 Webster Street, Marshfield, MA 02050
P - 800.i545.9326 X 59398 Direct - 781.596.8915 C - 781.974.3737
THIS
July 29, 2021, 11:37 AM
RogueJSKquote:
Originally posted by rburg:
The $5000 limit is amusing. Or was that per gun?
Of course not. That stuff was thought up by non-gun owners. Or WalMart shoppers.
Yeah. Equally laughable is their corresponding $2500 maximum limit on gold and silver bullion.
Might have made sense back when gold was sub-$300 an ounce, 20 years ago. But $2500 is just a little over one ounce of gold these days.