CapnMac
Member
Like many above, Eastern has been my go-to since the late 90s.
I have been sore tempted by Collectors, though.
Your Mileage May Vary.
I have been sore tempted by Collectors, though.
Your Mileage May Vary.
Firearms insurance
- Thread starter old lady new shooter
- Start date
I guess it depends on the insurance company. My riders for guns and tools is about $11 a month through StateFarm. I am not recommending StateFarm, but I don't believe they are any worse than any other insurance company.
old lady new shooter
Member
- Joined
- Apr 26, 2015
- Messages
- 30,814
Homeowners is high in FL, if you can even get it, because of hurricanes and flooding. I think I saw a couple companies actually pulled out of the state this year.
My new homeowner quote was 38% more than last year. And auto was up 34% since six months ago. (This for a little old lady driving a17-year old car about 1200 miles a year.) I increased the collision/comprehensive deductibles on the auto from $500 to $1000 and the homeowner deductible from $2500 to $5000. Combined savings didn't cancel the entire increase but helps.
I don't have a bazillion guns like a lot of folks here but if my guns/accessories/ammo all burned up or were stolen I would want to replace everything, unlike some of my other possessions where I might just say never mind. Psychologically I think I would be more comfortable with the coverage being somewhere other than my homeowners/auto carrier.
Elkins45
Member
I switched from Collectors to Eastern because the rates were significantly lower.
crstrode
Member
- Joined
- Aug 15, 2008
- Messages
- 367
$11 per month might do the trick for a one-gun rider, or perhaps for a single high-school budget engagement ring. I doubt it would suffice for a policy to cover a modest 50-gun collection or even a fraction of my wife's jewelry.
Paupers may disregard this message.
$11 a month is for a $20,000 rider for guns. I have no doubt that I can easily prove over $20,000 in gun value in case of a fire and that my insurance company will pay this amount. I am comfortable with this. I can raise this amount any time I feel I need to. May I inquire how much you are paying a month (or year) for how much gun coverage? Do you have a separate policy just for guns or do you have a rider on your home insurance?
dobedo
Member
USAA covers everything.
Elkins45
Member
State Farm has a $2500 limit for firearms, and I think that limit also includes other easily sold items like jewelry And collectable coins.
dobedo
Member
I have had USAA for 30+ years auto and home they will cover computers, guns, jewelry, and art. The costs are reasonable, and you set the amount you need covered. If you have served in any of the armed forces, you can apply for USAA insurance.
Elkins45
Member
Uncle Sam took a good look at me and decided to decline my services. No USAA for me.
tws3b2
Member
Same as car insurance. When you drive it off the lot it's worth less than you paid but you pay for what it was worth before you you drove it off the lot. By the time you pay deductible you lost your ever loving rear end. Then deduct the monthly payments you've all ready made. Then figure your payments will go up because you filed a claim for your loss. Happy New Year. You get to start all over again.
old lady new shooter
Member
- Joined
- Apr 26, 2015
- Messages
- 30,814
Farmers policy includes $5000 for firearms, and all the other special categories like jewelry, silverware, collectibles, each have their own individual limit.
old lady new shooter
Member
- Joined
- Apr 26, 2015
- Messages
- 30,814
I guess some guns depreciate, although if they were collectible to begin with they appreciate. Ammo most folks here have has probably appreciated.
CapnMac
Member
Sort of--you have to read your policy for your specific coverage.
For Texas, USAA Home insurance limited coverage for "high end" and/or "collector" items. I want to remember it was not that deep in the 90s, perhaps $2500, and for more, you needed a specific rider, and those riders were not cheap. Which is where I added Eastern to the mix. Did not give up USAA coverage for near everything else, though.
Because I have all the firearms on a spreadsheet, I have a very good handle on the Replacement Value--which has little or nothing to do with my purchase price.
Replacing a 1943 SC 03A3 is not a simple, nor inexpensive task.
berettaprofessor
Member
MikeinOR, I'm not saying you are wrong, but I'd suggest you double check your rider. I have State Farm and that figure is MUCH lower than I was quoted for a smaller rider. I went with Eastern.
IWAC
Member
My carrier scheduled both my wife's jewelry and my firearms for very reasonable rates. No deductible, replacement cost. No hassle when my wife's wedding set got chewed up by the disposal. Slipped off her finger. She was fine.
She told me to schedule my photo equipment.
She told me to schedule my photo equipment.
Trey Veston
Member
I'm with USAA for homeowners insurance. I recently inherited my father's collection and tried to add a Valuable Personal Property policy. USAA has a $2500 limit on guns on the regular HO policy.
I created the policy and just added his two most valuable guns. It was $23 a month for $15k. They also require photos and serial numbers.
I am not happy with that and need to call Eastern since I have around $100k worth.
I created the policy and just added his two most valuable guns. It was $23 a month for $15k. They also require photos and serial numbers.
I am not happy with that and need to call Eastern since I have around $100k worth.
I use a Lockton Affinity Outdoor policy, a company endorsed by the NRA. They do not require pre-approval of your particular firearms. Their rating is high. When I've had questions on a couple issues, their staff are well informed and helpful. I carry $30,000 policy and a companion liability policy. You can expand the amount to suit your particular needs. I tried to use my home owners policy, but they clearly have no interest in providing more than a token policy. I hope I never have to file a claim, but I sleep better knowing I have good, proven coverage.
IWAC
Member
There is a clause in most HO insurance policies stating for items of special worth, the H.O. policy is SECONDARY to any other insurance, collectible or not. That may be something to investigate before adding other insurance. Your agent may or may not be able to tell you.
orionengnr
Member
- Joined
- Jan 3, 2005
- Messages
- 5,717
Another satisfied long-time Eastern Insurance customer.
Old Dog
Member
Yep. My VPP coverage costs nothing extra.
Trey Veston
Member
Are you sure about that? You are saying that an extra policy for coverage of firearms is absolutely free? USAA gave you a policy completely free? I worked for USAA for 6 years and have never heard of that.
Old Dog
Member
You are correct -- actually, it's an additional $144 per year; was looking at my auto policy, not my homeowner's. Still cheap, and I just have to list the firearms, don't need to provide s/n's.
epags
Member
USAA....two points
First, If a member of your family is a vet, all family members are eligable for USAA insurance. I am a vet and my children and grandson all applied for and became USAA members.
Secondly : https://www.usaa.com/inet/wc/insurance-home-valuable-personal-property?akredirect=true
You do have to be a member to get the quote but what is insured is listed and includes firearms.
First, If a member of your family is a vet, all family members are eligable for USAA insurance. I am a vet and my children and grandson all applied for and became USAA members.
Secondly : https://www.usaa.com/inet/wc/insurance-home-valuable-personal-property?akredirect=true
You do have to be a member to get the quote but what is insured is listed and includes firearms.
epags
Member
Just logged into USAA.....$10,000 (value of my collection, yours can be more) coverage for firearms and scopes is $25 per YEAR, No deductable and no request for serial numbers.
