Insuring firearms in Oregon?

[WillaminaOR]

I switched home owners insurance awhile ago and when I talked about coverages, firearms aren't excluded but loses are severely limited, like 1 gun or $1200 or something like that. So what are you all using if you have a collection of any value?

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[L84Cabo]

The two companies that come up on top whenever this question gets asked, are usually Collect Insure and Eastern Insurance.

I've had Collect Insure for years and they have been excellent to deal with...but I've never had to file a claim...knock on wood. But they are massively cheaper than a rider with a traditional home owners insurance company like AAA or State Farm.

I have no direct experience with Eastern but everyone that has them says they're good too.

Also, don't forget to include all of your accessories...holsters, bags, cases, optics, mags, eyes, ears, ammo (albeit that's a consumable), safes, lock boxes, timers, tools, belts, night vision, lights, pouches, knives, etc. It's astounding how quickly that stuff adds up.

And if you don't have it already, you'll want to pull a list together of everything...and I mean everything...including serial numbers, paperwork, receipts, photos, descriptions, etc. And then figure out a storage solution...either up in the cloud so you can access it from anywhere if you're house burns down, or in a safe deposit box...which is a lot harder to keep updated. This is obviously a bit of an exercise but once you get it done, it's pretty easy to maintain. And there's no way I could reconstruct something like this after the house burns down.

And then like any other insurance, you'll want to remember to update your coverage once a year as you buy and sell stuff.

Good luck...and may the odds be ever in your favor!

 

[deadeye]

I switched home owners insurance awhile ago and when I talked about coverages, firearms aren't excluded but loses are severely limited, like 1 gun or $1200 or something like that. So what are you all using if you have a collection of any value?

Most insurance companies cover for fire but very limited on theft unless you pay extra for an add on and some want a list of them including serials which I do not like about my house insurance company.

There are other companies that do not want a list just a total amount of coverage wanted and just advise you to have a list on hand for claims/ police reports. https://collectinsure.com/guns/

 

[Bobbygun]

Years ago, when I brought up this subject to my insurance agent, he knew I had a fire-resistant gun safe. When I asked about getting some separate coverage, his response was something along the lines of, "You've spent quite a bit of money (on the safe) and have taken reasonable measures to protect your investment." He didn't recommend getting additional coverage. Honestly, a bunch of my guns have more sentimental value than anything, and I would not/could not replace them under a total loss scenario. I looked into a couple of other companies and decided the expense exceeded my appetite. So, when we went into a level - 1 fire evacuation a few years ago, the first thing loaded into my pickup bed was the guns.

 

[flydipper]

https://gunandtrophy.com/

This is who I use, and I travel with guns often. Give them a call and see if they are right for your situation.

 

[rhollister71]

I switched home owners insurance awhile ago and when I talked about coverages, firearms aren't excluded but loses are severely limited, like 1 gun or $1200 or something like that. So what are you all using if you have a collection of any value?

as an Agent myself i can tell you @ my company you can up the Total coverage of firearms that have a value of 1500 or less so if you have 20 glocks @ 800 up that amount to 16k and then you can have a Rider"Floater" to cover more expensive guns. if you got serious Big or Collectable Arms @ 5k-10k a piece look for other specialized companies like mention above.

And yes it comes into play w theft usually fire will cover them, depending on the policy.

Most important coverage on personal property is "Replacement cost" make sure you have it not ACV

 

[FarmerJohn]

Definitely a good thing to discuss with your agent, I was one of them for 30 years.Every company is different, to some degree. Most companies consider firearms part of your personal property limit, until it comes to theft. There is something called a "sub limit" in most policies that says your firearms are only covered for theft up to a certain amount, usually somewhere between $1500 to $5000. When I was agent in Montana, Safeco was the only company that didn't have a sub limit on theft of firearms. I had many discussions with my customers about this and ended up placing most of them with Safeco for that reason. It's amazing how many people there have gun collections well over $100,000. And they don't even consider themselves collectors. As rhollister said, it's a great idea to document your more expensive guns and have a rider or a floater on them. Not super expensive usually, State Farm is 1% of the value.

 

[TTSX]

I have several layers of insurance, including the maximum rider my home insurance would allow without serial numbers. The more people that might have to pay out, the more likely I'll actually get paid out

 

[redhawkone]

Gun and Trophy Insurance,you won't be disappointed

 

[FarmerJohn]

Gun and Trophy Insurance,you won't be disappointed

I'm going to look into that myself, thanks for the info.