I was told that they don't offer protection for firearms beyond the $2500.
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Insurance Recommendations for Collection?
- Thread starter NonStampCollector
- Start date
I was told that they don't offer protection for firearms beyond the $2500.
As an insurance agent with Farmers. You can do scheduled or unscheduled. you can increase your gun limits on your Homeowners policy in 500 increments all the way up to $200,000 in our system. Depending on your collection but the payout is still only $500 per item which is fine for all my glocks and stuff and is better than nothing IMHO and what I currently have on all of my stuff.
I am in the process of doing a rider so that I will get full value for the items that are well over $500 Rifles, Optics, etc... Whether I only do it for the high value items and keep the unscheduled where they are at, or move everything to a Scheduled (Gun Floater)
I am in the process of doing a rider so that I will get full value for the items that are well over $500 Rifles, Optics, etc... Whether I only do it for the high value items and keep the unscheduled where they are at, or move everything to a Scheduled (Gun Floater)
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In for feedback. I currently insure with USAA since they have been fantastic with me for over 40 years (had them back when I was a 20 year old 2LT)
No, I have not had a claim. Isn't that the real reason you buy insurance... kind of like an umbrella - if you carry it, it keeps the rain away!
They (collectinsure) insure all types of collectibles. In today's world of easy innernet slamming I'm sure that they'd have negative reviews somewhere if they were difficult to file a claim with or slow/refused to pay (assuming it wasn't sheer nitwittery that lead to the loss).
NonStampCollector
almost every base homeowners package in Ga is written with unscheduled gun $2500-3000 (theft)- includes scopes or mounts and all other firearm related equipment and ammunition. No coverage for mysterious disappearance is included in the policySame with jewelry, furs, silverware, & computer equipment- and you can increase the unscheduled coverage for it
On big collections, expensive items or rare guns I would go scheduled to get full value out.
Good point. I'll look further into their reviews, but it looks like I'll be going with them since the quote they provided me with last night was very reasonable compared to the same quote from a friend of mine with State Farm.
I liked them even more once I read the entire policy packet. Your collection (high percentage anyway) is covered even at exhibitions or "shows." I think you'll rest easier (I do) knowing you have coverage. Do an inventory of you haven't prior to buying coverage. I was stunned at how all that junk added up.
I have a running Google Sheets that I add everything to if I buy/sell anything. I'm a great record keeper when it comes to my valuables.
