historic firearms or collectible insurance claims?

[kidkl]

I am wondering if anyone who has a historic firearms insurance ( http://www.historicfirearms.com ) have made any claims under your policy? I am looking at replacing an existing homeowners insurance rider and it looks like this will be about 1/2-1/3 the cost for more $$$ coverage. I am just looking for anyone who has had any experience filing a claim. I have done a ton of searching, and I can find people who had historic insurance but not anyone who has mentioned having to make a claim. Just want to make sure that when/if it does come time to make a claim that the saving money now, will not screw me in the future.


Would also be interested in hearing from people who use Collectible (collectinsure.com) about how your claim process went.

[kidkl]

Anyone use either of these two companies?

[jerrymrc]

Anyone use either of these two companies?

I have just a rider on my homeowners policy since most have a $2500 or less on "sporting goods". Now the main thing in what your looking for is a "stated value" That means in the policy that if they are stolen or burn up the ins co. will pay X$$$ as agreed.

My collector cars are that way and my camper was that way. Everyone knows upfront what the payout will be in the event of a total loss. I am not an expert although we do have a couple of them as it relates to Ins here on the board and they should chime in soon.

[JohnnyEgo]

The riders most folks have on their homeowner's insurance are usually specific to theft. For house fires and other perils, most carriers cover up to limits as part of personal property.

I priced several specialty insurers against a personal articles policy with my own carrier for expanded theft coverage. The prices came out the same, somewhere in the 50¢ premium for $100 coverage range. The big difference between the personal articles policy and the specialty products was namely scheduling. Everyone wanted everything above $2500 scheduled. The personal articles policy wanted everything scheduled regardless of dollar amount. Both paid a combination of market value or replacement cost depending on circumstances. The specialty product had more well defined terms about what constituted a firearm or an accessory. The personal articles policy didn't care; you scheduled whatever you wanted on it, firearm or no. If you have a high degree of transition in your firearms and accessories under $2500, the specialty products had the distinct advantage of not having to constantly alter your schedule.