NRA Firearm Insurance

[Batteriesnare]

Received my NRA renewal in the mail, and along with the piles of paper was the activation request for the NRA's $2500 firearm replacement insurance. Seems like a reasonable idea, but again I'm leery. Does anyone have any thought on the matter, or any experience with this insurance?

Thanks for the input.

[Great-Kazoo]

Sign up, not once in X years has anyone inquired what specific guns i own. Of course having documentation, receipts, pictures etc is something everyone should have, for any item in the home, office, or shop.

[jerrymrc]

You just need to go online and provide some basic info. For many every bit helps. Most homeowners policies cover firearms under "sporting goods".
How many have actually looked at the limits for "sporting goods"? Mine was $5K total.Think about this gang.

The guns, ammo, and if you reload all falls under that as well as all your other things related. For some that may be ok and with the NRA $2500 added...... In today's market a couple of rifles and a couple of handguns with a little bit of ammo is worth how much to replace?

Some my want to consider a rider to there policy's. Just a PSA gang.

[mcantar18c]

I have mine covered under USAA. Only question they asked is what's the total value I need them to cover. Didn't ask how many or what I had, and it covers way more than $2500.

[baglock1]

I have mine covered under USAA. Only question they asked is what's the total value I need them to cover. Didn't ask how many or what I had, and it covers way more than $2500.

Interesting. Was this under a specified policy? USAA told me specifically that firearms weren't covered under my renter's policy (at the time). And they wouldn't cover me at all under homeowners due to my dogs.

[jerrymrc]

I have mine covered under USAA. Only question they asked is what's the total value I need them to cover. Didn't ask how many or what I had, and it covers way more than $2500.

I have a rider for mine. Was trying to get you guys to read between the lines but....... And my company just wanted a total value as well. Just saying that every little bit helps and the NRA's $2500 is painless and that most normal policies do not cover squat. [Flower]

[HBARleatherneck]

usaa wanted all my info. maybe if you need a certain amount they start requiring it. i had to give mine.

[th3w01f]

I was just looking into this and called my agent at State Farm. i was told I would need a separate policy and I would need to give them a list of every firearm, purchase date, value and SN before they could quote it. Then to keep it up to date i would need to inform them of every sale or purchase and include the same details.

It seems like there should be an easier way.

[Ronin13]

It varies based on companies... I have a rider on my Homeowners policy for blanket coverage- not itemized (otherwise known as Scheduled). Some companies offer standard limits of $5K for firearms, you'd need a rider on your policy for anything over that- which my collection is well over that. However, Traveler's, the company I go through, will only allow blanket coverage up to $20,000 and no single item over $10,000 before requiring scheduled list which includes serial #s, descriptions and individual item value.

[brutal]

Just for giggles, I checked and $25k of extra coverage through the NRA plan was $312/year. I believe they only require detail and appraisal for any single gun over $10k.

With today's insane prices, the accessories, I have a few that are well north of $5-6k market value each so it doesn't take much to get there.

[jerrymrc]

will only allow blanket coverage up to $20,000 and no single item over $10,000 before requiring scheduled list which includes serial #s, descriptions and individual item value.

That was the same with me. The add on was much cheaper than the NRA but about in line with my collector car policies $ per premium wise.

[th3w01f]

That was the same with me. The add on was much cheaper than the NRA but about in line with my collector car policies $ per premium wise.
Who is your insurance through, if you don't mind me asking?

I'm going to start calling some other companies.

[jerrymrc]

Who is your insurance through, if you don't mind me asking?

I'm going to start calling some other companies.

Progressive. The home is affiliated with them. So far so good. I was with AMfam for years and even with one claim 10 years earlier they started raising the rates every year.(20-25% each year) I had already switched the cars because even with no claims/tickets over 15 years the rates started going up big time as well.

[mcantar18c]

Interesting. Was this under a specified policy? USAA told me specifically that firearms weren't covered under my renter's policy (at the time). And they wouldn't cover me at all under homeowners due to my dogs.

Its part of our Renters Insurance. They asked if we had any "high-value items" like cameras, silverware, wife's jewelry, firearms, etc. and what the values are for each category... and that was that.

[th3w01f]

I found Eastern Insurance on another forum. Does anyone have experience with them?

https://www.easternbank.com/site/personal/insurance/Pages/other_insurance.aspx

http://www.historicfirearms.com/?page_id=27

[th3w01f]

I thought I'd post a quick update. I spoke with Jack Richardson at Eastern; very friendly and knowledgeable guy. I'm signing up.

Here are the highlights -

With NRA membership the quote for $45K was $147 per year.
No itemization needed other than items over $10K
No appraisal needed other than single items over $50K
$100 deductible per incident