reporting guns to insurance co.

[bob king]

My wife , who has been against me getting my LTC and buying guns, now tells me I have to notify my home owners insurance co. that I have guns stored at my house. I say it's none of thier business. Am I right

 

[Sparkey]

Time to get rid of the wife but really not another wife hates gun thread

 

[Rob Boudrie]

Dig out your policy and ask you wife to show you the clause in the contract you signed agreeing to provide such notification.

 

[msdamato]

I have thought about this myself. Not because I think its their business but because I want some coverage if they get stolen or there's a fire.
There have been posts about this in the past but I couldn't find any at the moment.

 

[In God We Trust]

I believe that as long as you have reciepts and a police report, you are covered. I didn't have to list any items at all when I got my policy.

 

[el duderino]

No.

 

[Rob Boudrie]

I believe that as long as you have reciepts and a police report, you are covered. I didn't have to list any items at all when I got my policy.

Polices generally have limits on certain types of items, sometimes limited only to particular types of losses, unless the item is specifically scheduled. Cash, precious metals, jewelery and firearms are items with common special limits. A common clause in the case of firearms is limited to $2K or so (varies by policy) for loss by theft or mysterious disappearance, but covered under the "personal property" limit for other perils (fire, flood, etc.)

 

[Engineer]

Polices generally have limits on certain types of items, sometimes limited only to particular types of losses, unless the item is specifically scheduled. Cash, precious metals, jewelery and firearms are items with common special limits. A common clause in the case of firearms is limited to $2K or so (varies by policy) for loss by theft or mysterious disappearance, but covered under the "personal property" limit for other perils (fire, flood, etc.)

THIS

Homeowners insurance companies will limit their liability for anything they can as a means to control costs. Since the majority of folks don't have guns, they lower (yeah I know, not really) their general rates and then add surcharges to cover the additional liability of replacing the guns. As Rob said, it's the same for other 'specialty items' such as Jewelry, coin collections, stamp collections, works of art, antique furniture, etc.

My wife can only attest to details about State Farm and/or Liberty Mutual but there isn't any requirement to notify the insurer about possessing guns unless you are wanting to get a rider (additional insurance clause) to specifically cover the higher than 'normal' (to the insurer) cost of one these 'specialty' items.

 

[bob king]

My wife could less about my loss if the guns were stolen or lost in a fire, she worried that we would not be covered for everything else because we didn't disclose we had guns in the house .

 

[TomH]

Your policy won't cover all your guns if stolen, but you don't have to report the items to them. They generally cover only a few thousand at most. You need to be able to prove you used to have them of course. You can add on coverage for the firearms specifically in most cases.

 

[Jose]

I feel sorry for you.

 

[Rob Boudrie]

The "covered for everything except theft" presents an interesting option - forgo a rider on the guns and spend the $$ you would have spent to get a decent safe. It won't eliminate the risk of theft, but will substantially reduce it. The vast majority (but not all) residential burgle jobs do not include spending time, resources,torches or power tools - just a quick in and out for the easy pickings.

 

[beaker]

The NRA has reasonable insurance for your firearms.

Sent from my Droid using Tapatalk

 

[ChevyGuy91]

I feel sorry for you.

I don't, these "my wife won't let me touch my own penis" threads are tiring.

 

[hankster]

I feel sorry for you.

+1K

 

[whatluck]

Time to get rid of the wife but really not another wife hates gun thread

First post wins.

 

[Bigtuna]

Policies might default to $500 coverage for firearms. You need to call and change it if you want to be fully covered and raise the limits. You don't need to call , but don't expect more than $500 for lost firearms and max out at $2K. I'm in NH and asked if my guns were covered and State farm simply gave me some options to limit loses. They didn't seem scared of gun owners and helped me out. I'm in NH, maybe MA insurance coverage is different for firearms.

 

[KMaurer]

If you start asking you insurer about exclusions or limitations for your guns, you can expect those exclusions and limitations to appear on your next policy renewal. Get your copy of the policy and read what's there. Hint: It's written in English and uses fairly non-technical language. If there's nothing there that explicitly mentions guns (or uses some broader language such as "sporting equipment" or "weapons" that would include guns), then your guns are covered to the exact same extent that other personal property (e.g., clothing, books, TV sets, etc.) are.

Ken

 

[Jose]

My wife could less about my loss if the guns were stolen or lost in a fire, she worried that we would not be covered for everything else because we didn't disclose we had guns in the house .

Your wife is wrong.

 

[bob king]

Don't feel sorry for me, My wife great. She doesnt like my motorcycles, antique cars and now guns but that never stopped me from buying them.

 

[Jose]

Did you read your policy?

Did she?

 

[Knob Creek]

My Homeowner renewal last year asked me to list any guns I had. I called my agent and she told me to just say I have guns and they are locked in a safe. Never heard any more

 

[Bigtuna]

If you start asking you insurer about exclusions or limitations for your guns, you can expect those exclusions and limitations to appear on your next policy renewal. Get your copy of the policy and read what's there. Hint: It's written in English and uses fairly non-technical language. If there's nothing there that explicitly mentions guns (or uses some broader language such as "sporting equipment" or "weapons" that would include guns), then your guns are covered to the exact same extent that other personal property (e.g., clothing, books, TV sets, etc.) are.

Ken

It was listed as a specific coverage on my policy, then again I have a duplex (condex) and a separate contents policy. It was only a few bucks more to bump it up.

 

[JimB]

I believe that as long as you have reciepts and a police report, you are covered. I didn't have to list any items at all when I got my policy.

as mentioned, reciepts are great, take photos of each and find a good

place to store them. hows bout a safety deposit box...