Guns in the home: How insurance works
Your insurer may not ask if you have firearms in your house, but it's a good idea to bring it up yourself.
This post comes from Mark Chalon Smith at partner site Insurance.com.
Most standard homeowners policies cover rifles and pistols if they're stolen or damaged in a fire, but usually up to a maximum of $2,500, according to Pete Moraga, a spokesman for the Insurance Information Network of California. If you have a large collection of guns or ones that are particularly valuable -- perhaps a group of antique side arms -- then you may have to buy a policy rider to ensure they'll be replaced or that you'll be reimbursed, he says.
It's much the same process as with other big-money items, such as jewelry and fine art, where you discuss the pieces with an agent and come to a reasonable coverage figure.
Safety always an issue for gun insurance
To keep premiums for the standard policy from soaring, the owner may have to show that the rifles and pistols are properly secured in locked gun cases, have trigger locks, and, of course, are out of the reach of children, says Michael Barry, a spokesman for the Insurance Information Institute.
"It's all about proving to an insurer just how responsible you are when it comes to firearms. It's clear that insurers are more likely to look favorably on the gun owner if they take special precautions to store the weapon and have a gun lock on the gun," Moraga says.
Moraga adds that insurers usually don't bring up firearms when writing a policy. But it's a good idea to tell them upfront if you have any.
"Although insurers may not specifically ask about weapons on their policy questionnaire, because of the higher liability risk of a gun, homeowners should make sure to let their agent or insurance company know," he says. "If an insurer does not know that a homeowner owns a gun and the homeowner files a later claim, the claim may be denied."
What happens if you accidentally shoot someone or yourself while in the home? The Insurance Information Institute says your standard policy will cover some or all of the damages, including medical bills, property damage and liability claims, depending on the amount of coverage you have.
But the American Institute of Certified Public Accountants says on its 360 Degrees of Financial Literacy website that you may need to buy additional coverage -- such as "sporting firearm insurance," "collector's firearm insurance" or "gun club liability insurance" -- to guarantee you're fully protected.
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I have guns at home, but I rarely take them out. I do know how to use them and I hunted with my father from about 12 to 24 (He was a medal-winning pistol marksman).
If someone broke into my home, I'd have no problem shooting them--and my aim is still pretty good, but allowing all kinds of people to run around loose with guns is just plain nuts--and so is Larry Kudlow. He's one of the last people I'd trust with a gun or, for that matter, Rick Santelli or Marisa Cabrera.
The second amendment to the Constitution does NOT permit the unlimited ownership of weapons, no matter what a warped Supreme Court says.
Gun control? It is using 2 hands! And by that I mean it is not the gun, it is who is behind/firing the weapon period! Why do we not have a ban on knives? They are all over. You can go to the corner grug store and buy one. Ever seen what a mentally unstable person can do to a few people with a 5' blade?
I understand that the laws should be enforced, but to completely ban, come on. And this article,full of b.s. Personal property people, add it to your policy and keep the serial #s to yourself in a safe place.
Hell, my insurance agent has 2 ar 15s. he does use them for hunting to, with the appropriate magazines, 5 rounds I believe is what is required. It just boils down to responsibilities of the owners.
I take issue with the third to the last paragraph of this article! Unless firearms are specifically excluded in the policy, they are covered. I have always been asked by agents writing homeowners if I have firearms that are valued higher than the standard $2,500.00; but only to sell me an additional rider. I have never been asked about firearms when completing the application that is attached to and made part of the policy!
I have been in the insurance business for over 30 yrs!
I to was in army 1969 yes V.nam. I was trained on how to use a weapon (m 14) yes it was able to be used as full auto. on the range we were limited to semi auto. in sighting in we were single shot. a person that has a gun and knows how to use it only needs 1 shot. as so many people have said more laws wont fix the problem. making the laws that we already have work will help. helping the people that have mental problems will also help.
people think about this.
we did not have these kind of problem when we (age 65) were growing up. ask your selves why that is, and lets try as a nation to get back to that way of life
Look People, I see statments on gun control. What I do not see is any one willing to give good advice. We have a growing problem with gun in the hands of People that should not have them to start with. Here is one other thing to think about. Put a band on any GUNS that hold more then 5 rounds. Then a box a years is all any house hold can have in there home. For those that want to target practice. Go to a shooting range were they can practice in a safe area. were they can shoot legelly they can buy rounds to use on the range. There is NO need for 30 round clips. NO need for simautomati Rifle in the hands of American People. If you are in fear of being over run then go in to the Military. You will have the training to us it the right way. Plus you will be serving America. I do not need a Gun. Should a time come when I need a gun I know were to get it. I can get what I need from the Army. They will use me For I was in the U.S.Army in 1969 and then some. I do not fear any thing. I can dead only one time.
Merit E. Stroud
5489 Sailor Rd. Deer Park, Wa. 99006
".......9-1-1......is this a medical emergency?"............"Not yet,...........BUT.....I just got home from work and.........I think my neighbor is being robbed........... right in front of his home!".........."Address?".........."It's Anyhome, Anywhere, USA........but I'm in my car.........just across the street......with a conceal/carry permit and a 9 mil.........I just don't want to offend my neighbor with assertive action and a gun..............what should I do?".............."What?........just wait?".........."OK".........
"Oh No!"............................."never mind...........just send an ambulance"....................
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