Baldheaded
Ultimate Member
What do you guys have? Separate gun insurance or does your homeowners insurance cover your guns? I would think most would have one or the other. Maybe both?
Separate gun Insurance or Homeowners?
- Thread starter Baldheaded
- Start date
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Trepang
Ultimate Member
A rider on homeowners insurance for guns and a watch.
Baldheaded
Ultimate Member
If I recall doesn't the NRA offer free gun insurance up to a certain amount for its members?
ohen cepel
Ultimate Member
You get some from the NRA but I think you have to activate it, don't think it is automatically turned on.
I went with CIA as my homeowners wanted a lot of info that I wasn't into giving them. Depends on what you have and your insurance company.
I went with CIA as my homeowners wanted a lot of info that I wasn't into giving them. Depends on what you have and your insurance company.
I use CIA also (https://collectinsure.com), in fact, I just paid my premium today...and really should be doing some updating. I've never had to make a claim, thank goodness. They used to require a list (no serial#'s, just what they were covering), but apparently that is no longer the case.
Baldheaded
Ultimate Member
I take pictures of all my guns/valuables and save my receipts. Just in case I ever have to make a claim.
- Feb 4, 2013
- 28,175
Last time I talked to my home owners, everything in the home is covered.
I only need additional coverage if I want to cover something like a watch that I would be wearing outside the home.
I only need additional coverage if I want to cover something like a watch that I would be wearing outside the home.
Collectibles Insurance is good. Cheaper than NRA and you homeowners .
rifelman
Active Member
I have State Farm and there is a limit on Firearms, 2500 I believe is basic with up to 5K as a rider, but that's' it for them, if my memory serves me .
magnumpi
Active Member
Might want to read the fine print. Most policies do cover firearms but have limits. Mine has a $2500 limit. You have to buy a rider for coverage over that amount.
ohen cepel
Ultimate Member
I agree, I would specifically ask your agent if that is the case. If you had a Picasso painting worth $10 million I'm not sure it would simply be covered if it was in the home. There is a limit to everything and $5k or less seems to be what home owners cover when I looked.
Erie insurance subscriber here. Homeowner's with them only covers up to $2500 for firearms without a rider. Given my C&R collection and other things, I opted to get a $20k rider that sets me back a whopping $225/year I figure the fact that it would take 88 years for me to break even at that price is a winning bet for me.
- Feb 4, 2013
- 28,175
I specifically asked.
Covered up to the contents limits coverage if in the house.
This is with USAA.
- Feb 4, 2013
- 28,175
In my case, the limit is the limit of MY coverage for contents.
For USAA, that is a percentage of the insured value of the house.
So if you insure you house for $300,000, you can cover the contents for $400,000, or $300,000 or some lower increments. And the coverage only comes in certain steps.
So if you have $300,000 of content coverage, they will cover up to $300,000 of whatever is in the house at the time of the loss.
So yes, if I had a $10 million Picasso in the house, it would not be covered to the full value.
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