Firearm insurance

[Irving]

With Safeco, all mine are covered with no need to list them separately, nor a separate rider.

There is likely a firearms limit. I would inquire with your agent.

[Goodburbon]

I have liberty Mutual ins. They automatically cover 5k. When my collection exceeded that I inquired about additional coverage. I asked for 20k of coverage the quoted cost was astronomical, plus they couldn't take my word for value and required that I get the collection appraised. They could not provide a recommendation for someone to do it because conflict of interest....

[mutt]

Rates vary from $0.50-$1.50 for every $100 of coverage, depending on the item classification. Your $10K in coverage would probably be in the neighborhood of $75 to $100 per year. Much more expensive than a homeowners rider for similar amounts, but possibly with more expansive coverage.

At least with Eastern, it's a lot less than that. My rate is less than $0.50 per $100 of coverage. I don't know if they are giving discounts for buying more coverage, but using my rate as a guide, the yearly premium for $10K of coverage should be well below $75 (assuming there isn't some base premium). That's cheap piece of mind IMHO. Home security system + secure storage + opsec + insurance is about all one can do.

[20X11]

There is likely a firearms limit. I would inquire with your agent.

I verify with my agent every year on renewal. Limited only by my personal property limit, which I review and determine every year.

[Irving]

That's unique. Good thing you think to review it.

[Dave_L]

I verify with my agent every year on renewal. Limited only by my personal property limit, which I review and determine every year.

Have him put it in writing. If a claim comes up and he's wrong, it'll be his word vs your word. Not all agents are willing to take a hit for you. If you trust that he will stand by his word, then dont worry about it being in writing.

[20X11]

Have him put it in writing. If a claim comes up and he's wrong, it'll be his word vs your word. Not all agents are willing to take a hit for you. If you trust that he will stand by his word, then dont worry about it being in writing.

Yep. .. he's been a close friend and my agent for 30 years.

[Dave_L]

Yep. .. he's been a close friend and my agent for 30 years.

Good stuff. Ive just heard too many stories of "Buy my agent TOLD me this..." and the agent denied it come claim time.