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NFA guns insurance. Anyone has experience with NRA endorsed Arms Care Plus insurance?

Discussion in 'NFA & Class III Discussion' started by castleeleven, Nov 12, 2014.

  1. castleeleven

    castleeleven Sharpshooter

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    Anyone has experience with NRA endorsed Arms Care Plus insurance? for coverage more than the Free $2500 covered by NRA member benefit. Any other better option? Thanks for input.
     
  2. FullAuto

    FullAuto Sharpshooter

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    Yes, there are better options depending on the amount of coverage you are needing. If you are insuring less than $20-25k, check collectinsure.com. For larger amounts, check Historic Firearms. For less than $10k, I'd probably just stick with whoever has your home.

    I'm not sure how competitive the NRA coverage is on the lower amounts, but I know they are no where near competitive when they get $20k +.
     
  3. DeeJay

    DeeJay Sharpshooter

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    Official sponsors and endorsed by companies are those that paid the most to get the designation, not necessarily the best. Those terms should be totally ignored when looking for products or services.
     
  4. castleeleven

    castleeleven Sharpshooter

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    Very helpful. Thanks. Will need better price as collection is getting bigger..
     
  5. FullAuto

    FullAuto Sharpshooter

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    I pay a fraction over 31 cents per $100 in coverage for reference.

    Did you buy your NFA item(s) as an individual or a trust?
     
  6. castleeleven

    castleeleven Sharpshooter

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    Trust. Makes any different?
     
  7. Shadowrider

    Shadowrider Sharpshooter

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    This is very good outstanding advice.
     
  8. castleeleven

    castleeleven Sharpshooter

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    Thanks for all advise and info.
     
  9. FullAuto

    FullAuto Sharpshooter

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    It could depending on the carrier. There are stories out there of companies denying a claim because the individual took out a policy on a item they didn't own. So when there was a loss, the owner (trust) didn't have coverage.

    If you are taking out a specific policy for your firearms/suppressors, have both your name and the name of your trust listed as insureds on the declarations page.

    Since my policy is for guns that both I own and my trust owns, I have both myself and my trust listed on the policy.
     
  10. castleeleven

    castleeleven Sharpshooter

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    That was a very important piece of info. to know. I called and added my trust owned item to be included.
     

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