I am thinking about getting an insurance policy for my growing collection of guns. Any suggestions of who to look at? I am talking to Eastern Insurance at the moment.
Eastern has a basic plan that doesn't require individual listing or s/n listing. $35K for the collection. At least that is my understanding at this time. $125 a year and they give NRA members a 5% discount.Got $$$$$$$? good luck! you'll have to list every gun with the serial numbers. NOT something I would do. My guns are all lost in a horrible boating accident. Terrible, just terrible!
I just compared them to Lockton Affinity (NRA) same coverage, yours is less.... I'm switching when my current policy expires.NRA offers insurance .
But I use Collectibles Insurance , have for years .
If you never make a claim it's hard to tell one from another .
But when I did research them originally , there was a good amount of positive feedback .
Essentially you are insuring valuables up to a specified $ amount , regardless of what the valuables are .
Price wise I think they are less expensive than most .
And you don't have to submit pictures , serial numbers , or such to them .
Gun, Knives, and Accessories Insurance | Collect Insure
Of course , check your Home Owner's policy first to see what coverage they offer in your
existing policy , if any .
George - Kane gets a bonus every year that I have no break-ins ! The best insurance that dog treats can buy
My current policy with Lockton Affinity (I have it right here) states that documentation is only required if the value of the firearm is over Three Grand, of which I have 3. The rest are less than and don't require photo and serial number identification with Lockton, just my personal pictures and inventory.I signed up for the NRA coverage and also have homeowners which would cover a couple of my guns. Good records and lots of photos.
I was an adjuster that handled large losses for many years and I unintentionally cheated people who lost guns in fires for years by applying the $2,500 policy limit. The policy limit is for theft but loss due to fires or other named perils are up to the personal property policy limit. Guns destroyed in fires are easy to document because the barrels are in the debris with serial numbers normally readable. I handled a lot of arson claims where the homeowner caused the fire. I never had an arson claim where the owner left good guns in the house. When you investigate a suspicious fire, the first thing you look for is the remains of guns.That is unusual. Most homeowner policies only cover 2500 bucks loss.