Gun Insurance

birddogdoc · 10-12-2018, 07:31 PM

We've seen a couple reports now of gun theft. I have all my guns insured on a separate policy through USAA.

I recently slipped and fell while ptarmigan hunting and destroyed my Ithaca NID .410

...USAA was incredible and have covered the entire cost of repair including the round trip shipping with no deductible.

They wanted to have it totaled and pay me for the gun rather than repair it so the only downside was convincing the adjuster that the gun was an antique and a collector's piece.

Thanks heavens for the insurance policy.

Anyone else have a similar policy?

Randy Roberts · 10-12-2018, 08:08 PM

Yes Sir. Have had one for many many years through Core-Vens out of Iowa. Underwritten by Travelers. Good folks to deal with.

Kenneth Jones (Kenny) · 10-12-2018, 08:08 PM

I have coverage through the NRA Armscare. Never used it just make the annual premium.
KJ

Mike Poindexter · 10-12-2018, 08:15 PM

I had bad luck with NRA Armscare about 20 years ago. Lost a stainless Taurus 431 out of a shoulder holster in the mountains. Paid $225 for it new. Made a claim on Armscare and they said they had a $250 deductible so I got zip. Not worth fighting over, so I just let it go.

Opening Day · 10-13-2018, 08:01 AM

Eastern Insurance, in Mass. low rates cover slip and falls, and also cover firearms while travelling outside the US, NRA insurance does not and a lot of other policies are the same so check before you need it. Also covers shipping which some policies don't too.

Phil Yearout · 10-13-2018, 09:55 AM

Quote:

Originally Posted by Eric Eis

Eastern Insurance, in Mass. low rates cover slip and falls, and also cover firearms while travelling outside the US, NRA insurance does not and a lot of other policies are the same so check before you need it. Also covers shipping which some policies don't too.

Me too. After having the forms laying on my desk for a year or two I finally took the plunge last year. Thankfully I haven't had occasion to use it but I have heard nothing but good things about the company.

Bindlestiff · 03-20-2019, 09:29 AM

Quote:

Originally Posted by Eric Eis

Eastern Insurance, in Mass. low rates cover slip and falls, and also cover firearms while travelling outside the US, NRA insurance does not and a lot of other policies are the same so check before you need it. Also covers shipping which some policies don't too.

I had an accident with a Parker

and must say that my coverage by Eastern covered my repair and the loss in collectable value. There were none of the hassles that I hear about from other insurance companies; Eastern has a very professional and fair process. The repair was covered, less my deductible, and the loss in value was determined as the average of three "independent" knowledgeable estimates; one of which I arranged. I can honestly say I am happy that I decided to insure my Parker and glad I used Eastern.

Randy Roberts · 03-20-2019, 11:16 AM

I would expect/hope that most carriers would respond in a similar fashion as Robin detailed for those types of claims. While we are on the subject of gun insurance let me make you aware of a couple of limitations that you most likely have in your policy that you may want to verify. The first being "transit". The attached verbiage is from a Travelers "Collectors" policy, not a "Dealers" policy. You will note under the highlighted area that items in transit are limited to a maximum of 25K and possibly less depending on your limits. This is not for each individual firearm, this is the total. Doesn't apply to you ? How many guns are you hauling to the Southern, values ? There may be a buyback on this limitation with carriers. The Travelers buyback max is 40K.
The second item of concern would be the exclusionary language pertaining to "property on exhibition at fair grounds, gun shows, or on the premises of any national or international exposure". How many of us have had guns for sale on a dealers table at a gun show ? I can assure you that "on exhibition at gun shows" will include being exhibited for sale. How about all the guns on display at Pheasant Fest. It's a "national exposition" so no coverage. There is no buyback with Travelers on this coverage so we can safely assume if you need this coverage their intent would be to offer you a "Dealers Policy". The industry likes to refer to this as "getting the premium for the exposure" but that's another paragraph I don't have time to address. Intent here is just to raise some awareness to some issues that you may not have addressed with your carrier/agent. BTW I am not picking on Travelers I just happened to have their policy forms available.

Opening Day · 03-20-2019, 02:45 PM

Quote:

Originally Posted by Randy G Roberts

I would expect/hope that most carriers would respond in a similar fashion as Robin detailed for those types of claims. While we are on the subject of gun insurance let me make you aware of a couple of limitations that you most likely have in your policy that you may want to verify. The first being "transit". The attached verbiage is from a Travelers "Collectors" policy, not a "Dealers" policy. You will note under the highlighted area that items in transit are limited to a maximum of 25K and possibly less depending on your limits. This is not for each individual firearm, this is the total. Doesn't apply to you ? How many guns are you hauling to the Southern, values ? There may be a buyback on this limitation with carriers. The Travelers buyback max is 40K.
The second item of concern would be the exclusionary language pertaining to "property on exhibition at fair grounds, gun shows, or on the premises of any national or international exposure". How many of us have had guns for sale on a dealers table at a gun show ? I can assure you that "on exhibition at gun shows" will include being exhibited for sale. How about all the guns on display at Pheasant Fest. It's a "national exposition" so no coverage. There is no buyback with Travelers on this coverage so we can safely assume if you need this coverage their intent would be to offer you a "Dealers Policy". The industry likes to refer to this as "getting the premium for the exposure" but that's another paragraph I don't have time to address. Intent here is just to raise some awareness to some issues that you may not have addressed with your carrier/agent. BTW I am not picking on Travelers I just happened to have their policy forms available.

This was a question I asked Jack before his death, as I wanted to give my Boss shotgun to a smith at the Southern to take back with him but he didn't want to as he didn't have enough transit insurance. Jack said to me"Eric, you are covered period" He said it doesn't matter where the gun (or guns) is, it's covered period. So that's why I have Eastern insurance covering my guns.

Bindlestiff · 03-20-2019, 03:38 PM

Quote:

Originally Posted by Eric Eis

This was a question I asked Jack before his death, as I wanted to give my Boss shotgun to a smith at the Southern to take back with him but he didn't want to as he didn't have enough transit insurance. Jack said to me"Eric, you are covered period" He said it doesn't matter where the gun (or guns) is, it's covered period. So that's why I have Eastern insurance covering my guns.

That is the same message I got from Jack too. Hunting, shooting, shipping, shows, fire or theft. I called him about shipping a gun to someone interested in buying it and he said until he accepted the gun after the inspection it would be insured under my policy. So, I didn't need the insurance the shipper or US Mail sell. That was when I knew I had something good.