So your gun collection is stolen...

Discussion in 'Legal and Activism' started by HolmanandJames, Sep 10, 2010.

  1. HolmanandJames

    HolmanandJames New Member

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    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!
     
  2. danf_fl

    danf_fl Retired Supporter

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

  3. opaww

    opaww New Member

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    Nothing sense many of the insurance Co.'s are anti-gun
     
  4. M14sRock

    M14sRock New Member

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    $1,000, usually. Unless you have them insured on a rider.
     
  5. dog2000tj

    dog2000tj New Member

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    I'm gonna guess zero as well. Gun cabinet is not the same as a gun safe is my guess :confused:
     
  6. c3shooter

    c3shooter Administrator Staff Member

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    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.
     
  7. Swampbilly

    Swampbilly New Member

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


    Regards,

    Swampbilly
     
  8. willshoum

    willshoum New Member

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    Rip Off!!!!!

    This All depends on who's selling the Policy!!!!! And Who Owns The Guns!!!!!!:eek::)
     
  9. jca1

    jca1 New Member

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    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.
     
  10. HolmanandJames

    HolmanandJames New Member

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    firearms have a $2000 coverage limit pertaining to theft
     
  11. c3shooter

    c3shooter Administrator Staff Member

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    Again, there is a $2k limit on MANY policies- not all (mine does not)

    READ your policy. It will tell you what you bought.
     
  12. amoroque

    amoroque New Member

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    I am an insurance agent here in Colorado. The policies I sell offer $5,000 for the theft of firearms and accessories.
    Although this thread thread may help others to be aware that there may be limits on the theft of firearms on a homeowners insurance policy, please note that different, states, companies, policies, have their own limits.
    I'd check your OWN policy, and check with you OWN agent on the specifics of your OWN firearm theft protection.
     
    Last edited: Sep 13, 2010