List of firearms on Umbrella Policy renewal?

[SparkyP]

I just got a questionnaire for renewing my umbrella policy. They're asking if I own firearms, and if yes, for a list of items and how they're stored. Is this common practice? I've never seen this before, and don't particularly want to fill it in.

And the box is WAY too small, lol




Anyone else been through this?

 

[HuntMaine]

Never been asked. I would move mine out of the home for a day and state I have no firearms at the home.

 

[Golddiggie]

Is the policy covering these hypothetical firearms from loss? Either way, I'd reach out to your agent and find out why this is on the document. IF they are going to cover these items, are they going to provide [full] replacement cost?

Let me guess, you're living in the PRM... See more firearm questions on forms (recently added) than in free states.

 

[556USER]

They ask that every year for the umbrella policy that we have. We answer that they are stored in accordance with current laws. No elaboration beyond that. They won't cover them for theft, they are just trying to assess their liability exposure.

 

[Spartan65]

@Buck F is the go to insurance guy he will know.

I dont list any of mine..

 

[PaulR]

you would think they fall under personal property.

I asked my insurance company one time why they value my personal property so high and I don't even have 1/4 the value of stuff they day I have.
they said its a state mandate, personal property has to be some whatever percentage of the homes value.
We have a nice house in a nice town, so we get nailed with insurance.

 

[Boarder700]

I have a USAA umbrella and they have not yet ever asked.

 

[Buck F]

I have never seen a carrier ask either on the homeowners policy or umbrella. I’m curious who the insurance company is.

<edit> and I’d find a new provider. This is not standard industry practice although it wouldn’t surprise me if more carriers started asking.

 

[42!]

I would think that if you say you don't have any and they get damaged or stolen, they are very unlikely to pay out.
As much as I wouldn't like them knowing I do think they have a right to know what they are covering. It's insurance for what you own, not charity. It's a business and they want to know their exposure.
Of course you have the right to change carriers to one that doesn't ask.

 

[M1911]

I've never been asked for my umbrella.

 

[Buck F]

you would think they fall under personal property.

I asked my insurance company one time why they value my personal property so high and I don't even have 1/4 the value of stuff they day I have.
they said its a state mandate, personal property has to be some whatever percentage of the homes value.
We have a nice house in a nice town, so we get nailed with insurance.

There‘s no state mandate, it‘s industry practice. There’s no state requirement to even have homeowners insurance.

The basic homeowners policy comes w/ 50% of the dwelling coverage for contents but most people have a preferred coverage endorsement increasing it to 70% (which comes w a few other things you’ll actually want). If you live in a nice town your insurance is actually cheaper, although your dwelling coverage is probably higher. The same value home in a shit town will cost more.

 

[Kevin_NH]

I've got a separate firearms-specific policy; they only ask for details in the case where any one single firearm (or accessory) is valued in excess of $10K.

The trampoline is a much bigger risk than any number of firearms.

 

[M1911]

The trampoline is a much bigger risk than any number of firearms.

Trampolines and pools.

 

[Buck F]

I would think that if you say you don't have any and they get damaged or stolen, they are very unlikely to pay out.
As much as I wouldn't like them knowing I do think they have a right to know what they are covering. It's insurance for what you own, not charity. It's a business and they want to know their exposure.
Of course you have the right to change carriers to one that doesn't ask.

They’re asking for liabilty reasons not because they’re worried about covering your guns. The standard homeowners policy only includes a couple/few grand for loss by theft of firearms & the umbrella policy which is what the OP posted about doesn’t cover any personal property, only liability.

 

[Buck F]

Trampolines and pools.

Dogs are #1 actually. Then trampolines. They don’t really care about pools as long as they’re fenced/gated and that you don’t have a diving board or slide

 

[Buck F]

Never been asked. I would move mine out of the home for a day and state I have no firearms at the home.

Then you’d be committing insurance fraud. <edit> they didn’t ask if you have them in the home, they asked if you possess.

 

[Mesatchornug]

They don’t really care about pools as long as they’re fenced/gated and that you don’t have a diving board or slide

Why even bother?

 

[TLB]

Never been asked either for an umbrella.

 

[Kevin_NH]

Then you’d be committing insurance fraud. <edit> they didn’t ask if you have them in the home, they asked if you possess.

The question is "Do you own any firearms?". In my case, the trust owns all the interesting ones.

 

[Buck F]

You can answer any way you like, or refuse to answer, just know they’re not stupid and you could find yourself on the wrong end of a claim if you play games. Not that I’d rely on an Umbrella to pay in most firearms related liability situations anyway.

 

[M1911]

Dogs are #1 actually. Then trampolines. They don’t really care about pools as long as they’re fenced/gated and that you don’t have a diving board or slide

That's news to me, but I'll take your word for it.

 

[GL2020]

I've never been asked either. I have been asked about dogs and pools.

Not sure I'd read too much into this. I would just be generic. They are stored in accordance with applicable law....or even more "In a gun safe"

 

[Buck F]

Not sure I'd read too much into this.

I would. And I’d find another provider.

 

[EJFudd]

I would. And I’d find another provider.

Yep. Screw that nonsense.

 

[GL2020]

I would. And I’d find another provider.

If that’s an option by all means

 

[Buck F]

If that’s an option by all means

There are plenty of providers that don’t ask, in fact this is the first time I have heard it being asked in 20+ years selling insurance

 

[drgrant]

I have never seen a carrier ask either on the homeowners policy or umbrella. I’m curious who the insurance company is.

<edit> and I’d find a new provider. This is not standard industry practice although it wouldn’t surprise me if more carriers started asking.

Isn’t it SOP above a certain amount? I think mine is like 15 grand or something, after that id need a “rider”. but i haven’t checked my last homeowner’s.

 

[Rob Boudrie]

My insurance company asked me if a West Highland White Terrier (RIP) was another name for a pit bull.

Not my dog, but a breed example:

 

[Buck F]

Isn’t it SOP above a certain amount? I think mine is like 15 grand or something, after that id need a “rider”. but i haven’t checked my last homeowner’s.

Your conflating property coverage for the gunz & liability coverage. Most carriers limits loss by theft at a $1,500 - $2,000. Some will allow you to increase to $5k or $10k and beyond that you need to schedule them on your policy.

That has zero to do w liability coverage. OP is talking about a question on his umbrella liability policy and they’re asking him to list his guns and what how he stores them. That’s pure BS.

 

[Buck F]

My insurance company asked me if a West Highland White Terrier (RIP) was another name for a pit bull.

Not my dog, but a breed example:

View attachment 771420

You’d be surprised at how people try and disguise pit bull terriers when you ask. American terrier, staffordshire terrier, AmStaf. If someone says terrier that I have never heard of, I’ll ask for more info. I have never heard of a highland terrier so I’d have probably asked too or googled it while on the phone w them.