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Firearms insurance.
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<blockquote data-quote="FullAuto" data-source="post: 3579624" data-attributes="member: 5110"><p>There is a difference in having a rider for firearms on your home or renter's insurance and having an actual Personal Articles Policy for the gun(s) themselves. Riders aren't nearly as good of coverage and typically subject to the deductible of your home/renter's policy. Basically, unless you have a loss due to a full fire or tornado, they are nearly worthless. Get a specific policy for the guns.</p><p></p><p>Pricing obviously varies due to specific conditions and states, but when comparing, I found collectinsure.com aka Collectibles Insurance was cheaper as long as your collection was about $20k or less. The other major player is Historic Firearms aka Eastern Insurance. Any of the standard P&C carriers with a household name are severely overpriced. Most people don't realize how overpriced they are simply because their collections aren't large to even matter. Their premium per $thousand in coverage will be 5-8x higher than a company that specializes in guns. </p><p></p><p>Collectibles makes you itemize your guns if they have an individual value of $5k or higher. Historic/Eastern doesn't make you itemize until they are $10k individually. Historic/Eastern wants an appraisal at $50k individually. I don't remember the number at Collectibles, but it was lower. Historic has a minimum premium which covers I think $35k. But even if you don't have the $35k, it's still a cheaper policy than lower coverage elsewhere.</p><p></p><p>I pay around $700 annually for something like $250-275k in coverage. There is a 5% discount for being an NRA member. I believe at $250k there is an additional discount tier also.</p></blockquote><p></p>
[QUOTE="FullAuto, post: 3579624, member: 5110"] There is a difference in having a rider for firearms on your home or renter's insurance and having an actual Personal Articles Policy for the gun(s) themselves. Riders aren't nearly as good of coverage and typically subject to the deductible of your home/renter's policy. Basically, unless you have a loss due to a full fire or tornado, they are nearly worthless. Get a specific policy for the guns. Pricing obviously varies due to specific conditions and states, but when comparing, I found collectinsure.com aka Collectibles Insurance was cheaper as long as your collection was about $20k or less. The other major player is Historic Firearms aka Eastern Insurance. Any of the standard P&C carriers with a household name are severely overpriced. Most people don't realize how overpriced they are simply because their collections aren't large to even matter. Their premium per $thousand in coverage will be 5-8x higher than a company that specializes in guns. Collectibles makes you itemize your guns if they have an individual value of $5k or higher. Historic/Eastern doesn't make you itemize until they are $10k individually. Historic/Eastern wants an appraisal at $50k individually. I don't remember the number at Collectibles, but it was lower. Historic has a minimum premium which covers I think $35k. But even if you don't have the $35k, it's still a cheaper policy than lower coverage elsewhere. I pay around $700 annually for something like $250-275k in coverage. There is a 5% discount for being an NRA member. I believe at $250k there is an additional discount tier also. [/QUOTE]
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