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Appraisel of Guns

alligator123
What is the cheapest way I can get about 20 guns appraised for insurance purposes. I have the bill of sales but they are over 5 years old and the insurance co. won't accept them.
Thanks
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Comments

6 comments

Date Votes
  • Don McManus
    Before you spend any money on an appraisal, find out specifically from your insurance company what they will accept. Go with the cheapest option that meets their criteria.
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  • perry shooter
    First off do some research call local gun shop Not Wally World or Dicks sporting goods. find one that will do appraisals and their price for do this also find out if they will come to you or if you have to take guns to them . but before taking guns in call insurance agent and ask if they will accept this gun shops value. You may also ask agent if they have stated value RIDER policy. This type of policy needs pictures and serial numbers BUT it covers lose or damage of any kind even falling down and breaking stock. My policy covers for $2.00 per $100.00 . If I wanted to cover a HY-Point pistol for $1000.00 I could just pay the $20.00 premium.
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  • 11b6r
    Unless you have some very high dollar collectable firearms, I would shop around for insurance before I spent a fair chunk of money on a formal appraisal. There is insurance available from several sources that covers fire, theft, natural diaster- and as long as value of any one firearm is below $5000, requires only stated value. Premium IS based on location, protection, and $$$ amounts.
    EDIT- You may want to do an on line search for collectible insurance services. No appraisal, decent rates, and company rating.
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  • gary wray
    Talk to your Homeowners Ins agent to see if they will cover your guns...some do. That is the way I went and I pay a rider on my policy to cover my gun collection. They might have some requirements to protect their interests (gun safes, security alarm) depending on the value of the collection. But with only 20 or so (unless they are high value) I don't think that will be required. Then do some research on current values of the guns like checking GB for recent sales/values. As Perry suggests, going to local gunshops and chatting can only help including perhaps finding the name of a person the insurance company might recognize as an "expert" to place a currect value on your guns. Having the bills of sales for original values is a good thing. There are other insurance opportunities available that just charge a flat rate for each gun. Anyway, you have some "gruntwork" to do.
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  • wpage
    The NRA has some basic coverage free with membership

    www.nra.com

    www.nra.org
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  • alligator123
    Thanks, I talked to someone from collectible insurance services and I think that is the way to go. I appreciate your help.
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