LET'S TALK GUN INSURANCE

[Gary Carmichael Sr]

I was talking to another member today, and the subject of gun insurance came into the conversation. I would be interested to know what type insurance others have, what companies, what kind of coverage, how much per thousand do you have to pay, have any one filed a claim and how was it paid, The company I use is Collectibles Ins. When I take my guns to shows I have to call and tell them where I am going to be and how long the guns will be away from the safe. Now this cost extra every time I travel for a display, Any body else have to do this with there Ins Co's. I have to tell them the value of the guns being displayed and the price is based on this. This year the Ins went up 200.00 dollars to 980.00 this computes to about 3.00 per thousand. I have never had a claim, and hope to god I don't ever have one. Been with the same company for several years. Also this year they are requiring that you have a system that calls someone if you had a burglary, and as usual they must be kept in a fireproof safe. The safe is no problem I have one but it will cost for a alarm system out where I am. Just like to know what others are doing for Insurance Thanks Gary

[Dean Romig]

Eastern Insurance for Historic Firearms has much less restrictive rules.

Dave Suponski can give you the agent's name that he (and many of us) uses.

[ED J, MORGAN]

Gary, Check witH the NRA, Regards, Ed

[Mark Ouellette]

Eastern Insurance Group
John "Jack" Richardson
800-545-9326

Coverage is about $3 per thousand.

[Dean Romig]

Thanks Mark - That's the guy!

They don't require you to tell them every time a gun leaves the safe....

[Mark Ouellette]

Eastern Insurance's only stipulation to me is that I must list any gun valued at $10,000 or more. Otherwise it is an umbrella policy for my collectible guns.

Jack Richardson is a gun collector himself and knows Parkers and other vintage shotguns.

[David Dwyer]

I use AIG with a cost of about $2/thousand. I have to list every gun and its value but no notifications required. I have not had a loss. The guns are covered as a rider on my property/homeowners insurance.
David

[Dave Suponski]

Gary, Mark beat me to the keyboard but that is who I use. The guns are insured no matter where they are. The PGCA uses Jack for part of our insurance coverage also. Jack is a decent guy to deal with also.

[Craig Larter]

I also use Eastern Insurance Group. One thing I like is if I ship a gun within the US by any carrier it is covered for loss and damage so no need to buy extra insurance which is very costly. Great people to deal with.

[Eric Eis]

I also use Eastern, one of the main reasons besides listing guns, are they are covered for damage when out in the field or shipping and are also covered if out of the country (Canada) none of which the NRA insurance and most homeowner policies will cover. So look at the fine print or you may have a very rude awakening...:eek:

[Mike Krol]

An Eastern fan as well... Been with them for a number of years. A question: my understanding is that my coverage is "all risk", which means if I fall while hunting and crack the stock or ding the barrels, Eastern will pay for replacement or repair. Has anyone had experience with processing such a claim?

[Eric Eis]

An Eastern fan as well... Been with them for a number of years. A question: my understanding is that my coverage is "all risk", which means if I fall while hunting and crack the stock or ding the barrels, Eastern will pay for replacement or repair. Has anyone had experience with processing such a claim?

Mike I don't have first hand knowledge but I talked to a man a few years ago at the Vintagers that said he had broken his stock at the grip will hunting and it was covered.

[Phillip Carr]

I appreciate all of the input. This thread pushed me to make a call this morning to Jack. I looked over my insurance policy last night and somehow had not realized if something happened I would not even get a small % of my guns covered.
Upon speaking with Jack this morning he gave me a quick rundown on the policy’s available. I am sharing what I have learned. An example $80,000 with a 5% discount for being an NRA member or a Parker collectors Association Member was $251.00 per year. This has a $250.00 deductible per occurrence. Guns are covered anywhere in the world. I asked if I was hunting and someone broke into my truck, would it be covered and the answer was yes. I asked if I fell down and broke my stock and the answer was yes, just the $250.00 deductible.
What if I shipped the gun to a gunsmith for a repair and it was damaged in shipment would it be covered, the answer was yes.
Jack also mentioned that for example if the butt stock was broken and had to be replaced on a collectible gun, it would affect the value with the none original stock, so they would cover not only the stock replacement but also the loss of collectible value.
I must say it is great to talk to an insurance agent that understands collectible guns.
I have attached the welcome pkg Jack sent me, for your information. I converted it to a PDF so I hope you can open.
22034

[Eric Eis]

Phil, I think you covered it and by the way, Jack is a hell of a nice guy and if he says he will get back to you he does. Eric

[Bill Murphy]

I would like to hear from someone who suffered a high value total loss in a fire. If the loss was $400,000 as claimed, how much was recovered? I know this is a hard question, but it is the one all of us would like to know the answer to.

[Joseph Ross]

I have purchased insurance through NRA endorsed program adm. by Lockton as many have. This thread shares other insurance plans which are very competitive with what i have. Bill has a excellent point. Has anyone had to face a loss and how was it paid by Locton who has underwriten at Lloyd's London ?

[Tony Biebl]

Ditto, Eastern Insurance, Jack Richardson. I'm a "snowbird", move many of the guns halfway across the country twice a year, no problem. No need for detailed listings, although I keep lists, SN's, photos, etc. Never had a claim, but when I switched to Eastern about 2 years ago my premiums went down from over $5K to just over $1K.

[edward mccay]

Thanks for all the helpful information guys. Made me apply for a quote. Plan on taking out the policy tomorrow.

[Gary Carmichael Sr]

Yes, I am going to switch too! having to pay extra every time my collection travels for a display gets expensive 300.00 or more. By the way I am going to ask him shouldn't the PGCA get that 5% deduct too!

[edward mccay]

He told me PGCA members get a 5 percent discount.