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Lessons Learned: Insuring Your Guns

I wouldn’t be surprised if, in some states, a homeowner’s insuance company may cancel policies because of the guns. At the very least the premiums may go up. I guess for an investor it may be essential. Tough call. I just don’t trust anyone i suppose.
 
mikep said:
I wouldn’t be surprised if, in some states, a homeowner’s insuance company may cancel policies because of the guns. At the very least the premiums may go up. I guess for an investor it may be essential. Tough call. I just don’t trust anyone i suppose.
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this is why i don't ask my insurance agent....

then who knows, they may DEMAND i get a safe, and not a tiny one, buy a huge one...

like nothing says..."look home invaders or meth heads, this guys house i am going to has guns and ammo"....
 
I remember when the NRA had a firearm insurance connected with them and if you were a member you could get coverage at a good rate. I also remember when the company went south.
 
Mike H. said:
Hello all, here is today's article posted on TheArmoryLife.com. It is titled “Lessons Learned: Insuring Your Guns” and can be found at https://www.thearmorylife.com/lessons-learned-insuring-your-guns/.

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I have two suggestions I would recommend. 1. "My Armory" app. You can find it on the Apple App Store. Free, no requirement to have information anywhere other than your personal iPhone (think there's a android also), or computer(s). It's got a load of information you can track. You can physically sync info, or as I do use a cloud. Well worth the look. 2. A company called "Ammo Squared". Here you can buy AND STORE ammo. They have pretty competitive prices. Again, recommended and worth a look. Everyone stay safe. SIW
 
Much of this applies to my other collection: vintage and valuable guitars. But there's no saving those with expensive "fireproof" safes. And any sprinkler suppression system will destroy a guitar. The important thing is proper insurance and documentation. I've been through testing insurance coverage before, when my home was burglarized of many guns and guitars (and an amplifier). Happily I got every item back (save the amp) thanks to a diligent police detective, and some luck - the perp took nearly all to the closest pawn shop. Farmer's Insurance paid me full value for the vintage amp, and a year later I even bought that back, cheap, from another pawn shop, so I actually came out ahead if you discount the emotional toll.
 
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mikep said:
I wouldn’t be surprised if, in some states, a homeowner’s insuance company may cancel policies because of the guns. At the very least the premiums may go up.
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Of course premiums will go up. Valuable items like collectibles and jewelry typically require adding a rider to a policy. One must first actually read one's policy closely, then talk to their agent. If a state villifies and punishes you for owning firearms you're simply in the wrong state. As the late, great Sam Kinnison advised starving Ethiopians: "Mooove!"
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Very timely article. My wife and I just moved to a free state and I've been considering increasing my insurance to more fully protect my firearms. Very good suggestions - some of which I hadn't considered. Thanks!
 
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