Most companies have a rider you can buy for firearms and accessories. An alarm, cameras, inventory and pictures of items and other measures are your best bets though.I recently sold my house and moved to a rental house until this "inflated" housing market supposedly collapses. In the meantime, I need rental insurance but I have been looking at different companies policies regarding firearms and insurance limits. I ran across a very popular company named "Lemonade." Their rates are attractive but on further research, I found their stand on firearms and policy limits. Needless to say I will definitely be avoiding them and recommend anyone else in the 2A community to avoid them too.
'Guns’ is a polarizing topic, which is why most companies avoid it at all costs. But Lemonade was founded to make insurance into a social good, which requires being upfront about what we think ‘good’ is, and is not.www.lemonade.com
That is their firearm policy and let alone they limit it to an "adequate $2500"... For a lot of us this doesn't even cover individual guns let alone a collection. They also say they exclude "assault rifles." Now I don't own a true "assault rifle" with select fire but I do have a few MSRs that they I'm sure would exclude from being insured.
Just wanted to put this out there for everybody and want to know what insurance companies you have found that are pro 2A?
Strange. I've found USAA to be the most expensive for the lesser coverage when compared to American Family, State Farm, Travelers, etc. I suppose, it may depend on where you live.USAA didn't bat an eye--they did ask if I was in a "firearm related business. Changed to their home owner and auto insurance 1 month ago. Priced well, picked my deductable and total amount.
Collect Insure: guns, optics, safes, ammo, AND reloading equipment and supplies. I don't want my homeowner's company to have anything to do with my firearms, ammo or reloading equipment. These guys are considerably lower cost whole policy is "replacement cost" and they use gunbroker.com as their pricing guide for adjusting any losses. Done and done.Most standard home owners policies limit firearm coverage to $2500-ish. And don't just take what your agent says to be factual...especially agents that rep a lot of different policies. READ the exclusions and limitations section of your policy yourself and see what it says.
Collect Insure and Eastern are two very good companies that provide individual firearms insurance and usually at far better rates than the riders/personal articles policies that the big home insurance companies offer.
I'm with Collect Insur and they beat AAA and State Farm by miles when I was shopping for this. But insurance rates and what they will and won't cover can vary widely in different parts of the country, so check your specific area.
Also be aware that some companies want serial numbers of your guns. Not sure how you feel about that but Collect Insure does not...at least for guns under $5K.
Lastly, make sure you do have the serial numbers recorded along with pictures of each firearm. You will need this if you should ever have to file a claim. Keep this info stored somewhere that is safe from fire and theft so you still have it if you ever need it.
Edit: Don't forget to take into account all the accessories...holsters, mags, optics, cases, tools, lights, lasers, bipods, AMMO, etc. It is amazing how quickly this stuff adds up. And it's also questionable how a regular home owners policy would view these things. Do they view them as "normal household items" or do they view them as part of firearms and therefore they would be restricted to the limitations of the policy? You certainly don't want to find out that it's the later after it's too late.
Collect Insure will cover these things...and ammo too...but you need to make sure they're included in the total value of your policy.
$14 per month?Renters policies are a waste of money. Use insurance for things that would have a severe impact on your life, house burns down or you cause a car wreck that does serious damage. For things like guns, or your TV, or other consumer items just self insure. You'll come out ahead.