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Gun Insurance

chumchum
The time has come to get more insurance then the home owners. Only problem I don't know where to start. The home owners is $1.10 per thousand and that is not affordable. Does anybody have some recommandations and prices if possible. I live in PA if that matters.

MY MISTAKE, IT MUST HAVE BEEN PER HUNDRED. BECAUSE I FIGURED IT WAS GOING TO COST ME AROUND $600 A YEAR

THANKS
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Comments

10 comments

Date Votes
  • nmyers
    $1.10/thousand? That sounds cheap to me.

    When I asked for a quote, my company wanted $30/thousand. I figured it wouldn't take a lot of years before I spent as much on insurance as my guns were worth. So, I invested in a safe, & figure I have long since amortized the cost.

    True, I still have to worry about fire & flood. Most folks lose their guns due to theft; between the safe, the alarm system, & the neighbors with MP5's, I am well covered.

    YMMV.

    Neal
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  • mark christian
    A buck a thousand is cheap. State Farm wanted $25 per thousand, that was with my refrigerator sized safes bolted to the slab and the in-home alarm system that I already have and a discount for already having my home owners insurance and motor velhice insurance through them. If you have (say) fifty grand worth of guns and can insure then for fifty bucks I'd be all over it!
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  • perry shooter
    $1.10 is the cheapest I have ever heard of. Being guns are one of the most frequent stolen items that is why you both need insurance and why premiums are what they are . No free lunch Buy a SAFE.
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  • beantownshootah
    My guns are on my homeowners insurance.

    While I'd love it if my gun collection was worth as much as my house . . .its not even a small fraction. Hell, not even close to the value of my car, and I drive a Ford!

    I agree with the above. If you can insure your guns for $1.10 per $1000 of value per year, that's pretty darn cheap.

    Giving the insurance company 25% overhead costs (I just made up that number), and looking at that cost ratio, the insurance company is saying they think there is only about a 1-in-700 chance per year that your entire gun collection will be lost or destroyed.
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  • He Dog
    you might check the NRA insurance.
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  • duckhunter
    Check with NRA. That is where I get mine.No need for serial numbers.
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  • MBK
    I have verified www.historicfirearms.com ( Eastern Insurance ) to be the best deal. They write with Chubb, and no serials req for most collections. I have used them for three years. They beat the heck out of everybody else.

    I doubt the initial quote above about 1.10, I have shopped State Farm, Lofton (NRA) and the collectibles guy. Think about it, insure 20,000 of guns for $22 a year? Not happening. But the real number for Chubb is about $3.25 and no policy fee.
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  • BUCKAWHO
    Hi...Ask your insurance agent to check out a rider on your home owners policy underwritten by Inland Marine. BT
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  • MBK
    Inland Marine is not a company, it is a type of policy.
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  • brotus2
    The best insurance is the first line of defense - a good safe!

    You spend 1500 on a gun with no "safe" place to put it.
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