My experience is that they are more worried about liability than anything. No insurance broker has ever asked about the firearms in my home. However when I started keeping beehives I became persona non grata.
My experience is that they are more worried about liability than anything. No insurance broker has ever asked about the firearms in my home. However when I started keeping beehives I became persona non grata.
Thanks for the advice. The firearms are not collectables, 2 P320's and 2 AR15's. I'm just worried about the consequences in case of theft or a fire where the ammunition starts to cook off. I'm guessing UMBRELLA insurance would help in that case as it's something out of the ordinary.
Member of CSSA & CCFR
There is a huge difference between "Not telling them" and "Answering all the questions they ask truthfully"
They didn't ask me if I repaired motorcycles in my garage as a hobby. There are a million questions they don't ask.
I assume they ask me everything that is material to them - what is the structure? what is the heat source? Do you rent or own? Etc
I want my dishes covered, but i didn't ask. Ditto for my camera, my computer, my everything - that's why I get "contents" insurance
So i don't have to list every single item in the house. Replacing $5-$10 worth of firearms will be nothing compared to replacing all the other contents plus the house if there was a total loss.
My coverage says all contents to replacement value. In the agents words the "gold standard contract for insurance"
IF push came to shove they could say my running shoes and socks are "sporting equipment" Where does it stop?
Are fishing rods sporting equipment? Or fishing equipment? The list could go on forever.
The bold red is where it's at.
Last edited by bcbravo2zero; 02-10-2018 at 05:00 PM.
"Among the many misdeeds of British rule in India, history will look upon the act of depriving a whole nation of arms as the blackest." - Mohandas Gandhi
It would be pretty easy to have $10k worth of silverware and crystal.....bottom line is $10 k is $10 k, doesn’t matter what they are replacing
I agree. Insurance sales persons are out to (rightfully) make a profit. That said, I would not disclose any information to them about any items that are already covered under the terms of my policy, including any guns. Anything that you disclose will end up as a separate line item and they will charge you extra -- even though it may be covered under your policy at no extra cost. Also, your discussions with the sales person are not "binding" (in other words if you tell him you have no gun but you buy a gun a week later, etc.) --this has absolutely no bearing on the legal agreement between you and the insurance company. What matters is your written policy and the coverage and deductible.
Your guns will also be covered under your home policy if they are stolen from your car, as they are still considered household goods, but your car insurance will also be called into play to pay for the broken window, so you may have 2 deductibles to pay unless you have one insurance company for both home and car, which is always preferred.
Last edited by Rocket_James; 02-10-2018 at 05:27 PM.
Hope not definitely not telling my insurance company what I have for firearms