Not sure if someone has posted on this elsewhere – I did a thread search and didn’t come up with anything so if this is old news I apologize.
Anyway, I work for an insurance company in MA. I did claims for way too many years, now I do training and consulting work.
I wanted to remind people that the standard, unendorsed Homeowner’s policy only provides $2,000 coverage for loss by theft of firearms. This includes guns AND ammo. Various extender or ‘plus’ endorsements can raise this limit to $5,000. Even worse, the newest version of the policy limits coverage to $500 raised to $1,000 by an extender endorsement
Most of the people here have more then one gun & that can kick you over that basic limit pretty quickly. Talk to your insurance agent and ask for a Firearms Floater. It’s extra coverage for your guns and equipment. The guns are listed individually & the policy either replaces them or pays replacement cost if a replacement can’t be secured. Coverage is very broad.
A good suggestion is to take photos of them as well and place the photos someplace secure – this documents ownership as well as the condition. A picture really is worth 1000 words when dealing with insurance adjusters.
Anyway, I work for an insurance company in MA. I did claims for way too many years, now I do training and consulting work.
I wanted to remind people that the standard, unendorsed Homeowner’s policy only provides $2,000 coverage for loss by theft of firearms. This includes guns AND ammo. Various extender or ‘plus’ endorsements can raise this limit to $5,000. Even worse, the newest version of the policy limits coverage to $500 raised to $1,000 by an extender endorsement
Most of the people here have more then one gun & that can kick you over that basic limit pretty quickly. Talk to your insurance agent and ask for a Firearms Floater. It’s extra coverage for your guns and equipment. The guns are listed individually & the policy either replaces them or pays replacement cost if a replacement can’t be secured. Coverage is very broad.
A good suggestion is to take photos of them as well and place the photos someplace secure – this documents ownership as well as the condition. A picture really is worth 1000 words when dealing with insurance adjusters.