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.
More on Insurance.com and MSN Money:
If you are a member of the most hated organization in the world, by liberal gun haters that is, you already have extra gun insurance. Don't quote me but I think it's about $5000.00 now and comes at no cost to NRA members.
And yes I am proud to belong.
I would never give serial #s to an ins. co. No one needs to know how many or types of guns i have. t
The only one who needs to worry about that is the FOOL who comes into my house uninvited.
The gun fight is coming fast, Get ready for it. Just like the FED run medical take-over taking place right now before your eyes. My uncle is a Phd and he told me that doctors are being told to send all blood samples with name and address of the patient to the Federal CODAS where the blood is analyzed for DNA and recorded. ( ever get your blood drawn ) If you go to the doctor they draw your blood for any reason. Its by design
And that my USA friends is a scary thing going on
Other than being a member, I'm not associated with them in any way; I just wanted to pass the info along.
For your yearly dues (around ~$200, depends if you are a CHL holder or not), you get
"Legal Representation Including All Attorneys’ Fees, CIVIL AND CRIMINAL
"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,"
Then, of course, when someone breaks into my home, I'll simply ask him/her to wait a couple of minutes while I unlock my weapon.
What a crock!
Eh, this article is just a scare tactic that no basis in reality. Leftist journalists are pulling out all the stops to intimidate gun owners.
Well,Well....More BS from the left,wait till they need one of us to protect them ???
this must be a backup to the gannet "news"artical listing all gun owners and
their names and address....NOW the criminals know where not to go or yet
where to go to rob someone,we do have some stupid people out there....By the
way,whats the difference between (2) 5 shot mags or (1) 10 shot mag ???
In the land of the free and the home of the brave except we let our insurance policies tell us what to do. LOLOLOLOLOLOLOLOLOLOL
Even the gun owners bow low to the mighty Big Insurance Gods....
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