Gun/ammo/optic insurance?

deersniper

Online Training Member
Feb 22, 2007
2,078
484
83
N. Maryland
#1
I had a plumber install a water heater incorrectly and ended up with a slightly flooded basement. It reminded me I really need to get insurance.

Who is the best insurer for high end guns, clip on sights, optics and ammo?
Does anyone cover theft out of vehicles ?
Thanks!
 
Jan 15, 2005
6,018
748
113
VA
#2
USAA. I've got a policy that covers up to 100K that covers everything whether it's at home or traveling. It's mainly for travel as my business/home policy will cover anything here.

IMO it's cheap and a smart move. All it takes is a smash and grab POS getting a little lucky in a parking lot to lose tens of thousands, or someone knowing you're traveling with hardware and sets you up.
 
Likes: deersniper

diverdon

Online Training Member
Dec 21, 2011
2,770
928
113
WNY
#3
First thing you need to do is talk to your homeowners and find out what coverage you have and how it works. Next you will need a log book of everything you want to cover. Likely you will get more coverage for contents just by upgrading your homeowners to your true replacement cost. But, if you feel the need to have a lot of guns completely covered you will need some kind of rider that will be expensive.

If you are worried about minor floods get a automatic sump pump and a back up genset. Everything should be in a safe at least 4 inchs off the floor. When it comes to safes I like the idea of dividing the collection between several mid-level (liberty) safes rather than one large safe. Most burglars want to get out fast with their haul, so I hope once they locate the first safe, break into it, and pilfer it they will want to make good their escape.
 

The King

Showercookie Monster
Sep 17, 2004
963
197
43
Denver, Colorado
#4
Or you can do what I do. I have a solid wood door on a room with plywood walls and cameras that automatically warn me of motion on both sides of the door. Nice deadbolt. The cameras take about 10 seconds to send me an alert on my phone, and the internet equipment including a battery and cellular backup device are in the gun room.

It was all surprisingly cheap to setup. About $1k
 
Sep 22, 2017
219
25
28
Beaufort, SC
#5
I'm interested in some different companies as well. My wife and I called a couple companies for renters insurance and the only one that offered anything was Geico. Only problem is they only cover up to $2500 of loss on firearms. We explained that 2500 wouldn't even cover one gun and the lady said there's no other providers offering additional policies in our area (SC). Sounded kind of strange to me so maybe we just got an idiot on the phone.
 

diverdon

Online Training Member
Dec 21, 2011
2,770
928
113
WNY
#6
USAA. I've got a policy that covers up to 100K that covers everything whether it's at home or traveling. It's mainly for travel as my business/home policy will cover anything here.

IMO it's cheap and a smart move. All it takes is a smash and grab POS getting a little lucky in a parking lot to lose tens of thousands, or someone knowing you're traveling with hardware and sets you up.
If you don't mind saying, how much do you pay for the 100K coverage?
 
Jan 15, 2005
6,018
748
113
VA
#10
I was told by some insurance friends it's better to split up coverages instead of having everything under one policy. one claim makes your entire policy go up. that's why I have seperate policies.
Mine are separate policies but USAA lumps the premiums together for simple payment purposes. You're probably correct though, makes sense that they'd give bundle discounts initially if the entire thing goes up for any sort of claim and they win in the end with higher premiums overall.
 

diverdon

Online Training Member
Dec 21, 2011
2,770
928
113
WNY
#11
Mine are separate policies but USAA lumps the premiums together for simple payment purposes. You're probably correct though, makes sense that they'd give bundle discounts initially if the entire thing goes up for any sort of claim and they win in the end with higher premiums overall.
Sure they can always raise your rates, but if they charge more then they are worth then you shop and get it somewhere else.
 

Xander3Zero

Just a normal dude.
Aug 10, 2017
456
131
43
Rhode Island
#12
I'm interested in some different companies as well. My wife and I called a couple companies for renters insurance and the only one that offered anything was Geico. Only problem is they only cover up to $2500 of loss on firearms. We explained that 2500 wouldn't even cover one gun and the lady said there's no other providers offering additional policies in our area (SC). Sounded kind of strange to me so maybe we just got an idiot on the phone.
I have renter's insurance through Amica and I just looked at my policy documents and I noticed the same exact thing: "firearms & related equipment" coverage is limited to $2500. I might have to call them and see if there is any way to increase that, or maybe the best bet is to just open another policy with the company that Padom mentioned.
 
Sep 22, 2017
219
25
28
Beaufort, SC
#13
I have renter's insurance through Amica and I just looked at my policy documents and I noticed the same exact thing: "firearms & related equipment" coverage is limited to $2500. I might have to call them and see if there is any way to increase that, or maybe the best bet is to just open another policy with the company that Padom mentioned.
Yeah I just downloaded the form to get a quote from them. I'll pay for coverage but don't want to pay if it won't even cover 75% of the cost. So maybe they'll cover more.
 
Jan 15, 2005
6,018
748
113
VA
#14
Sure they can always raise your rates, but if they charge more then they are worth then you shop and get it somewhere else.
USAA has never raised my rates and I've had a few claims. The most recent being $10K worth of body damage to my Raptor on Thanksgiving tearing through the woods on my property to a forest fire that was starting, I told them exactly what happened, they covered it fully and said my rates wouldn't go up and they haven't.
 
Jan 9, 2011
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OKC
#15
Isn't there a company that works with the NRA that doesn't have all the serial number reporting stuff with it for larger cost items (like custom rifle)?
 
Feb 4, 2010
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LaCrescent, MN
#17
no serial number reporting, no inventory listing, no pictures with Eastern. that's why I went with them
Seems so strange as to why an insurance company would or could provide
coverage without some sort proof of what's owned and what is covered..

It is like a wide open door.. interesting.

I shall have to look into them for a quote as well.. because I cringe at having to
document with pics all my gun gear!

Thanks for the info, sounds like an amazing coverage
 

padom

SuperMod
Staff member
Mar 13, 2013
6,404
444
83
Southeastern, Pennsylvania
#18
it's simple. they base their premium off a dollar amount. you want $100k in coverage your premium is X. you do have to declare any firearm over $10k

it's no different than your personal belongings coverage on your homeowners policy. you pick a dollar amount and they give you the premium to cover than dollar amount. you don't go around your house counting and sending them an inventory of your personal belongings.
 
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Likes: JMC
Sep 22, 2017
219
25
28
Beaufort, SC
#21
no serial number reporting, no inventory listing, no pictures with Eastern. that's why I went with them
That definitely makes it easier. I've always wondered how hard these companies would be to deal with if you had to file a claim though. Would they give you the run around and take forever to actually get it figured out etc.
 

deersniper

Online Training Member
Feb 22, 2007
2,078
484
83
N. Maryland
#25
Thanks for the info. Worried about fire as much as anything. I have a TL30 but it won't fit everything and it's inconvenient to bring on trips.
Will talk to Eastern and usaa
 

Nik H

Constantly Learning
Jan 22, 2014
3,376
1,093
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Rhode Island
#26
Jan 1, 2014
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NoVa
#27
make sure you read and understand the policy(ies). it's easy to hand them $x for $xx insurance, but what does that mean. fire vs theft vs something else. do they determine what your gun is worth, depreciate the crap out of it, buy you a new one. also do the math. a couple hundred every six months adds up quickly.
 

jg6.5

Private
Dec 20, 2017
58
6
8
Oklahoma
#28
I would also suggest security cameras. Unfortunately, as we all know, law enforcement spends the vast majority of their time tracking down criminals after the fact as opposed to stopping them in the act (not necessarily their fault, they're human just like the rest of us). Looking at it through that lens, I like to think that the more good information I can provide to law enforcement after the fact, the better chance they have of finding the shit-heeled goons who robbed my house and possibly even recovering my stuff. The wifi cameras on the market now are super easy to setup and can be monitored via smartphone. If you're leery of outside entities maliciously gaining access to your video feeds, either invest in a closed-circuit system or don't point them at anything you wouldn't want the whole world seeing.
 

Bradu

Full Member
Aug 24, 2011
1,745
142
63
IL
#29
I use collectibles insurance services. They require info on the guns on the more expensive guns but no serial numbers. I also have pics of everything just for proof.
 

MarkCO

Full Member
Dec 21, 2010
667
61
28
Colorado
www.CarbonArms.us
#30
If you are eligible for USAA and don't have them, you are making a mistake!

For the rest of us, yes, a rider on the homeowners is the first check as most homeowners policies are $2500 max. NRA offers some to all members, plus additional. Eastern has been good from what I have seen. Also, be aware that some policies only cover guns, some the whole assembly. I have seen folks get their guns replaced, but no coverage for their optics. I do a declared value on my rider with my Insurance carrier which gives me the $2500 as a buffer. Plus I have the NRA insurance as a member. I have had it so long, they no longer want the serial numbers or list, just a total value.
 

padom

SuperMod
Staff member
Mar 13, 2013
6,404
444
83
Southeastern, Pennsylvania
#32
make sure you read and understand the policy(ies). it's easy to hand them $x for $xx insurance, but what does that mean. fire vs theft vs something else. do they determine what your gun is worth, depreciate the crap out of it, buy you a new one. also do the math. a couple hundred every six months adds up quickly.
no. guaranteed replacement cost. no depreciation. and all that is covered, fire, flood, theft, accidental damage, etc.
 

padom

SuperMod
Staff member
Mar 13, 2013
6,404
444
83
Southeastern, Pennsylvania
#33
I would also suggest security cameras. Unfortunately, as we all know, law enforcement spends the vast majority of their time tracking down criminals after the fact as opposed to stopping them in the act (not necessarily their fault, they're human just like the rest of us). Looking at it through that lens, I like to think that the more good information I can provide to law enforcement after the fact, the better chance they have of finding the shit-heeled goons who robbed my house and possibly even recovering my stuff. The wifi cameras on the market now are super easy to setup and can be monitored via smartphone. If you're leery of outside entities maliciously gaining access to your video feeds, either invest in a closed-circuit system or don't point them at anything you wouldn't want the whole world seeing.

exactly. insurance is just another level of protection. as an owner of 2 IT companies you won't step foot on my property without being caught in full 4K HD by POE PTZ vandal domes and screenshot notifications being sent to my phone once you enter areas I've designated. a good hard room to slow criminals down is another good thing.


I've installed HD POE CCTV at many gun ranges, gun stores, and big name gunsmiths on the Hide. These systems are a small price to pay these days and have been used successfully in court or to catch criminals more often than you think.
 
Mar 23, 2017
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#34
I also found out about a year ago that my renters insurance had a $2500 limit to firearms if broken into and stolen. I switched to Texas Farm Bureau, they have NO limit to firearms stolen. So a $50,000 - $100,000 policy or larger covers ALL stolen property, with no limit on firearms, scopes, suppressor, ammo, etc. I did have to itemize for them, but no serial numbers. Very cheap premiums, mine is around $40 a month.
 

Downtown

Full Member
Mar 1, 2013
428
29
28
#35
I use Collectibles Insurance. About the same rate and policys as Eastern. Very affordable. I've never put them to the test.
 

JC98

Private
May 29, 2014
19
1
3
#40
I went with collectinsure think it was $200 for $50k in coverage I may need to check out eastern though
 

Darkside-Six

My Dixie Wrecked
Oct 8, 2013
2,805
68
48
#49
The problem with putting them on your homeowners insurance is that it either only covers a small anount $5000 or so, or you have to schedule each item which can be very costly when it’s all said and done.

I also have a policy through Eastern insurance. It’s very good for the coverage and cost and they cover all kinds of shit. Like if my gun falls off a rack T the range and my scope breaks, it’s covered.
 

ophious

Hallway Monitor
Jan 15, 2018
209
52
28
37
New Mexico Live in shitty Commiefornia
#50
USAA. I've got a policy that covers up to 100K that covers everything whether it's at home or traveling. It's mainly for travel as my business/home policy will cover anything here.

IMO it's cheap and a smart move. All it takes is a smash and grab POS getting a little lucky in a parking lot to lose tens of thousands, or someone knowing you're traveling with hardware and sets you up.

+1 USAA. I've got Valuable Personal Property on all my toys. Won't tell you how much, but if it breaks..... full replacement value. Can't beat that.
 
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