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-   -   So your gun collection is stolen... (http://www.firearmstalk.com/forums/f97/so-your-gun-collection-stolen-31584/)

HolmanandJames 09-10-2010 04:48 PM

So your gun collection is stolen...
 
Your gun collection is stolen from the gun cabinet in your home. The stolen items have a combined total value of $4500.

How much will your insurance company pay for this loss if you have a $1000 deductible?


Winner gets free quote of their choice!

danf_fl 09-10-2010 05:02 PM

Ill take a stab at $1750.00 (if you have the receipts to show purchase prices).

opaww 09-10-2010 05:05 PM

Nothing sense many of the insurance Co.'s are anti-gun

M14sRock 09-10-2010 05:23 PM

$1,000, usually. Unless you have them insured on a rider.

dog2000tj 09-10-2010 05:52 PM

I'm gonna guess zero as well. Gun cabinet is not the same as a gun safe is my guess :confused:

c3shooter 09-10-2010 06:10 PM

MOST homeowner's policies have a limit of $2000 for firearms, ammo, and accessories (mine does not) but that will vary from state to state, policy to policy, company to company.

Making an assumption that you have the standard $2K limit, a $1K deductible, and you have something to show what guns you owned (photos, receipts, etc) , and the values agree with the $4500 number you mentioned, you will get $2,000.

In my case, I get $4500. Insurance companies are not so much "anti-gun" as they are "pro-money". You get what you pay for- but a lot of folks have never read their insurance policy (What do you MEAN that sewer backup is not covered?!?!?!) BTW, an insurance company has to deal with the State Insurance Commission. If they get caught acting "in bad faith"- denying a claim they obviously owe, with no good explanation- they can get whacked with "triple damages"- they get fined 3 times the amount.

A lot of folks will have a story about dealing with their insurance company- but that is one side of the story. Recall a gent that filed a claim for loss of a shotgun, valued at $1000. Gun was a Topper Mdl 88, single shot 12 g. Value about $75 (at that time). He was demanding the insurance company PROVE his gun was not worth $1k. OK- here is the Blue Book of Gun Values, the Gun Trader's Guide, 3 for sale in your area. Oh, but my gun was better than those. Yeah, sure. See you at the hearing.

Swampbilly 09-11-2010 04:26 PM

If you are an NRA Member, you will have $1,000 additional firearms insurance coverage at no additional cost.


Regards,

Swampbilly

willshoum 09-11-2010 04:49 PM

Rip Off!!!!!
 
Quote:

Originally Posted by HolmanandJames (Post 348178)
Your gun collection is stolen from the gun cabinet in your home. The stolen items have a combined total value of $4500.

How much will your insurance company pay for this loss if you have a $1000 deductible?


Winner gets free quote of their choice!

This All depends on who's selling the Policy!!!!! And Who Owns The Guns!!!!!!:eek::)

jca1 09-12-2010 02:34 AM

It depends on the specific's of the policy, proper recording of the stolen items, validity of the claim, etc.

no one can answer this question with the given unknowns.

HolmanandJames 09-13-2010 08:36 PM

firearms have a $2000 coverage limit pertaining to theft


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