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Stolen rifles and home insurance help
#3244136
05/24/12 11:24 AM
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Joined: Sep 2009
Posts: 167
epolanco
OP
Woodsman
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OP
Woodsman
Joined: Sep 2009
Posts: 167 |
Hey guys, just wondering if anyone has claimed stolen guns or rifles on your home insurance before. We were recently broken into and I lost a few rifles. Looking for a little help. Is it worth it? I bought a rifle from a friend meaning no receipt, is that gonna be a problem? Thanks in advance
"I'm a modern day John Wayne with my daddy's last name born 50 years too late"
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Re: Stolen rifles and home insurance help
[Re: epolanco]
#3244143
05/24/12 11:30 AM
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Joined: Mar 2010
Posts: 8,641
DiverTexas
THF Trophy Hunter
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THF Trophy Hunter
Joined: Mar 2010
Posts: 8,641 |
From what my agent told me, you have to have them listed on a seperate policy "rider" to have them covered. Not sure if this is the same with every insurance company or not. Sorry to hear about your loss. Can't stand stinking thieves.
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Re: Stolen rifles and home insurance help
[Re: DiverTexas]
#3244241
05/24/12 01:03 PM
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Joined: Aug 2005
Posts: 20,228
janie
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 20,228 |
Really sorry to hear this. Check your policy or with your agent. If you have the extended coverage, it will be listed as a valuable items endorsement. HO-61BT.
Also, if your a NRA member, they provide some coverage for firearms.
He is your friend defender your dog. Be worthy of such devotion
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Re: Stolen rifles and home insurance help
[Re: janie]
#3244257
05/24/12 01:12 PM
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Joined: Sep 2009
Posts: 167
epolanco
OP
Woodsman
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OP
Woodsman
Joined: Sep 2009
Posts: 167 |
Thanks guys. Lost a steyr model m professional that really bothers me, but looking at the glass half full I get to save up to buy another gun, lol
"I'm a modern day John Wayne with my daddy's last name born 50 years too late"
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Re: Stolen rifles and home insurance help
[Re: epolanco]
#3244282
05/24/12 01:19 PM
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Joined: Jan 2007
Posts: 3,966
jdickey
Extreme Tracker
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Extreme Tracker
Joined: Jan 2007
Posts: 3,966 |
About ten years ago, two kids that were friends of my daughter got into our home, took two shotguns, sawed the barrels off, and were going to rob a store. They got caught before they entered the store, so were only charged with possession of an illegal weapon.
I filed a homeowner's claim and was reimbursed for the loss - an old Stevens double barrel and a Beretta semi-auto. I took the settlement and bought a new Browning Gold Signature!
Ended up getting the receivers back, bought a replacement barrel for the Beretta, and have never been able to find a replacement barrel for the Stevens.
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Re: Stolen rifles and home insurance help
[Re: jdickey]
#3244373
05/24/12 02:03 PM
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Joined: Jan 2008
Posts: 5,574
Leonardo
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jan 2008
Posts: 5,574 |
Read your policy. There is usually a small limit for guns. Most of us on this board have considerably more value in guns that what is allowed by most policies.
Just need a list of make, model, serial number of the gun and optics. Increase the value on your policy. It won't cost a whole lot.
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Re: Stolen rifles and home insurance help
[Re: Leonardo]
#3244455
05/24/12 02:35 PM
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Joined: Jan 2010
Posts: 6,269
swmays
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jan 2010
Posts: 6,269 |
I just wrote everything down that was stolen. I had no receipts and just used at full MSRP. Insurance company said "no problem". I did have a cap on the pay out for firearms and went over it. They took that amount and used it against my deductable. All said and done I lost some clunkers and some nice stuff, but replaced it with only nice stuff.
And yes you need a rider to have firearms covered 100%.
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Re: Stolen rifles and home insurance help
[Re: swmays]
#3244582
05/24/12 03:32 PM
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Joined: Apr 2009
Posts: 934
hornedfrog
Tracker
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Tracker
Joined: Apr 2009
Posts: 934 |
Each company has own limits on guns and jewlery. Ask your agent before you NEED the coverage. Riders are good, but the best way to insure guns is to write a stand alone inland marine policy that covers the gun for full value. Down side to these policies is that each gun has to be listed and have an appraisal or recent sales reciept to establish the value. Upsides are small (or $0) deductibles, full value, and all perils (cause of loss) are covered.
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Re: Stolen rifles and home insurance help
[Re: hornedfrog]
#3244655
05/24/12 04:17 PM
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Joined: Apr 2009
Posts: 3,802
Lochsley123
Extreme Tracker
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Extreme Tracker
Joined: Apr 2009
Posts: 3,802 |
Each company has own limits on guns and jewlery. Ask your agent before you NEED the coverage. Riders are good, but the best way to insure guns is to write a stand alone inland marine policy that covers the gun for full value. Down side to these policies is that each gun has to be listed and have an appraisal or recent sales reciept to establish the value. Upsides are small (or $0) deductibles, full value, and all perils (cause of loss) are covered. Yes ^^^^^^^^^^ This is exactly correct and most of your inland marine, aka floater policys are cheap. But some companys will let you just add firearm coverage for a flat fee and no guns must be listed just a total number of fireams. But of course this is subject to your deductible. There are a number of options but most people just assume that all their guns are covered under their homeowners policy which is most of the time not correct.
What kind of lights does it shoot out? Like are we talkin the mini bulb Christmas lights or a 500 watt flood light?
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Re: Stolen rifles and home insurance help
[Re: Lochsley123]
#3244736
05/24/12 05:03 PM
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Joined: Jun 2008
Posts: 5,044
Eland Slayer
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2008
Posts: 5,044 |
I have a full-coverage policy on all my guns through the NRA....
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Re: Stolen rifles and home insurance help
[Re: Eland Slayer]
#3245147
05/24/12 09:20 PM
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Joined: May 2007
Posts: 8,166
westtexaswatkins
THF Trophy Hunter
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THF Trophy Hunter
Joined: May 2007
Posts: 8,166 |
I've have seen it over the years where stolen guns were payed for by insurance and later the guns recovered and now belong to the insurance agency.
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Re: Stolen rifles and home insurance help
[Re: westtexaswatkins]
#3245434
05/25/12 12:21 AM
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Joined: Apr 2009
Posts: 934
hornedfrog
Tracker
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Tracker
Joined: Apr 2009
Posts: 934 |
I've have seen it over the years where stolen guns were payed for by insurance and later the guns recovered and now belong to the insurance agency. When a claim is paid so the insured can replace lost or damaged property the claimant transfers all rights to property to insurance company. Most companies will allow you to buy it back if recovered.
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Re: Stolen rifles and home insurance help
[Re: hornedfrog]
#3245688
05/25/12 02:51 AM
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Joined: Feb 2010
Posts: 607
Taiaut
Tracker
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Tracker
Joined: Feb 2010
Posts: 607 |
I rather put my guns in a good safe and not worry about the insurance.
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Re: Stolen rifles and home insurance help
[Re: Taiaut]
#3245961
05/25/12 10:30 AM
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Joined: Aug 2010
Posts: 1,649
Savage388
Pro Tracker
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Pro Tracker
Joined: Aug 2010
Posts: 1,649 |
I rather put my guns in a good safe and not worry about the insurance. That is a good place for them for sure. Be sure to bolt it to the slab. Given enough time, a thief could remove to whole safe and peel the back off of it to get to your guns.
ODERINT DUM METUANT
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Re: Stolen rifles and home insurance help
[Re: Savage388]
#3245987
05/25/12 11:18 AM
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Joined: Feb 2010
Posts: 6,164
Chief Joe
THF Trophy Hunter
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THF Trophy Hunter
Joined: Feb 2010
Posts: 6,164 |
I have a insurance rider and have my guns listed and appraised by a licensed gun dealer. Had this for some time now. It isn't difficult to establish most gun values. That being said, I also have a gun safe.. I don't have alot of guns now but do not want then gone nor falling into the wrong hands.
"It is the same boiling water that softens the rice, which hardens the egg." It's not always about the circumstances, but what you are made of....
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Re: Stolen rifles and home insurance help
[Re: Savage388]
#3246127
05/25/12 12:58 PM
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Joined: Feb 2010
Posts: 607
Taiaut
Tracker
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Tracker
Joined: Feb 2010
Posts: 607 |
I rather put my guns in a good safe and not worry about the insurance. That is a good place for them for sure. Be sure to bolt it to the slab. Given enough time, a thief could remove to whole safe and peel the back off of it to get to your guns. Guess I should have mentioned that I also have a good security system so the bad guys would have about three minutes to do what they want to do before the cops join them.
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Re: Stolen rifles and home insurance help
[Re: Taiaut]
#3246352
05/25/12 02:35 PM
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Joined: Jul 2009
Posts: 16,671
Texsun
THF Celebrity
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THF Celebrity
Joined: Jul 2009
Posts: 16,671 |
Say you do have coverage, How is replacement value determined on say a pre 64 model 70 or something even older? This is what bothers me. paying all the money for insurance and then finding out the claim is not worth much.
Sig Sauer P229 Elite, P226 Elite, SP2022 S&W Model 3 Win. Model 70's: 220 Swift, 270, 30.06, 300 Win Mag, 375 H&H Savage Model 99 250-3000 Colt 6920 Ruger 10-22 Swedish and Chilean Mausers Browning Citori White Lightning
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Re: Stolen rifles and home insurance help
[Re: Texsun]
#3246518
05/25/12 03:47 PM
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Joined: Apr 2009
Posts: 934
hornedfrog
Tracker
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Tracker
Joined: Apr 2009
Posts: 934 |
Say you do have coverage, How is replacement value determined on say a pre 64 model 70 or something even older? This is what bothers me. paying all the money for insurance and then finding out the claim is not worth much. The inland marine policy I was refering to is a "stated value" policy. You would have the gun appraised and the appraisal is sent in with the insurance application. Say the gun appaises for $2,500 then the gun will be insured for $2,500. If a claim is filed the value will be $2,500. There is no deprecation.
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Re: Stolen rifles and home insurance help
[Re: Eland Slayer]
#3248635
05/26/12 03:31 PM
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Joined: Dec 2010
Posts: 727
jeepthing
Tracker
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Tracker
Joined: Dec 2010
Posts: 727 |
I have a full-coverage policy on all my guns through the NRA.... I heard once from a buddy that the NRA insurance is easy to get but when you need to file a claim on it's near impossible to collect anything. Anyone else ever heard this?
Jay "Jeepthing" Bush Registered Architect Bush Architects, LLC
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Re: Stolen rifles and home insurance help
[Re: jeepthing]
#3249220
05/26/12 09:54 PM
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Joined: Nov 2011
Posts: 3,085
Don Dial
Veteran Tracker
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Veteran Tracker
Joined: Nov 2011
Posts: 3,085 |
If you are an NRA member, they used to have a deal w/the membership on one gun...but most put a rider on their policy to cover their firearms and it's expensive...One of Skeet Shooting Buddies had two custom tubed Kreighoffs w/tube sets and cases stolen a few months ago..probably by some folks who lived with him and moved while he was gone...about $35K or more and he's really hurt..DD
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Re: Stolen rifles and home insurance help
[Re: Don Dial]
#3252972
05/29/12 05:13 AM
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Joined: Jun 2008
Posts: 5,044
Eland Slayer
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2008
Posts: 5,044 |
If you are an NRA member, they used to have a deal w/the membership on one gun...but most put a rider on their policy to cover their firearms and it's expensive... The NRA does have a free $2,500 policy for all it's members, but they also offer additional coverage insurance and it is not very expensive.... The premium for my policy is roughly 1.3% of the total value of my guns (per year). You can research it more here: http://www.locktonrisk.com/nrains/ArmsCarePlus.htm
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Re: Stolen rifles and home insurance help
[Re: Texsun]
#3253365
05/29/12 02:29 PM
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Joined: Jan 2008
Posts: 5,574
Leonardo
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jan 2008
Posts: 5,574 |
Say you do have coverage, How is replacement value determined on say a pre 64 model 70 or something even older? This is what bothers me. paying all the money for insurance and then finding out the claim is not worth much. Most homeowner's policies have limits on items that are rare. In this case the inland marine policy would be the best coverage and compensation if a loss occurs.
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Re: Stolen rifles and home insurance help
[Re: Eland Slayer]
#3253370
05/29/12 02:31 PM
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Joined: Apr 2010
Posts: 874
FiiTank
Tracker
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Tracker
Joined: Apr 2010
Posts: 874 |
Coverage depends on each company. Safeco (a Libert Mutual Company) is the only one I know that does not have a special limit on firearms. The policy coverage is up to your contents limit subject to deductible. I schedule the few guns I carry often so those have a $0 deductible.
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Re: Stolen rifles and home insurance help
[Re: FiiTank]
#3255706
05/30/12 11:49 AM
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Joined: Aug 2007
Posts: 919
daulongranch
Tracker
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Tracker
Joined: Aug 2007
Posts: 919 |
A few years ago, someone (I know who...she's a third striker and out of the game now) stole 11 guns from my house. Like other have posted, you need a rider for firearms. My general policy covered the first $1000, but that is it. I could have spent that on any one of them.
Sorry for your loss and for the pain cause by some low-life that could leave your stuff alone.
daulongranch - Live in Rowlett - Ranch in Concho County
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government."-- Thomas Jefferson
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Re: Stolen rifles and home insurance help
[Re: daulongranch]
#3255772
05/30/12 12:48 PM
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Joined: Apr 2012
Posts: 390
okierifleman
Bird Dog
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Bird Dog
Joined: Apr 2012
Posts: 390 |
I have a separate rider on my homeowners policy, very small additional charge for big piece of mind. It would be a big IF someone could get both of my safes unbolted from the floor and get them out of my house or IF a fire would burn for 1 1/2 hours without the FD showing up, but just in case.....
Oh, and one other thing people seem to overlook. Keep an updated record of your guns, including model numbers AND serial numbers. That is the only way you are going to get them back if the police ever find them.
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