My home owners policy (GEICO) only insures for a max of $7k. That would only cover half of my inventory. Any suggestions for an company that provides insurance? Thanks....

My home owners policy (GEICO) only insures for a max of $7k. That would only cover half of my inventory. Any suggestions for an company that provides insurance? Thanks....

State Farm covers, but doesnt provide blanket coverage of all your firearms...  you're required to indicate coverage associated with each firearm... didnt work for me... 

I have state farm and I think their base coverage was $2,000for guns. I added extra coverage for my firearms. I think the extra coverage I purchased didn't have a deductible either.

One of the NRA membership benefits is FREE $2500 coverage for your firearms.  If you need more, you can pay for additional coverage.

https://mynrainsurance.com/insurance-products/firearms-no-cost-armscare


$7,000 coverage would run $56/year + $20 admin fee, which includes the free $2500 benefit.

https://mynrainsurance.com/insurance-products/firearms-armscare-plus


You can also get a rider on your Home Owner's policy for the additional coverage above the standard limit as mentioned already, but I found with State Farm, the cost was really high compared to the NRA policy.

On Some homeowners insurance, the special limit for firearms applies to theft only.

So if the firearms were damaged by a fire, the full personal property coverage available under the policy would include the full value of the firearms.

The "special limit", for example $2500, would only apply in the case of loss by theft.

"HOME & PROPERTY
Condominium Insurance Coverage Limits

Like all homeowners policies, unit owner policies have maximum limits the company will pay for loss to specified types of property (these limits can vary among companies). It's important to understand these limits and how they apply.

Something to Keep in Mind

Coverage for certain types of property has a dollar limit. Here is a typical list of the types of property that may have "special limits" in a condominium unitowners policy:

Money, bank notes, coins
Business property
Watercraft including trailers, furnishings, and equipment
Trailers (other than boat trailers)
Firearms (applies to theft only)
Silverware and goldware (applies to theft only)
Computers and data processing equipment
Rugs, tapestries (theft only)"

https://www.statefarm.com/insurance/home-and-property/condo-unit-owners/coverage-options/condominium-coverage-limits

I have state farm and I think their base coverage was $2,000for guns. I added extra coverage for my firearms. I think the extra coverage I purchased didn't have a deductible either.

I also have statefarm and the $2k coverage is under homeowners insurance.  Like the previous post said, there are limitations to that so i inquired about additional coverage for firearms and found they don't have a blanket coverage policy.

I talked about this with my insurance agent friend and beyond certain limits (if your policy even covers your firearms), you have to secure specialized insurance.  Similar to insurance for stuff like expensive jewelry, artwork, heirlooms, etc.  I have been meaning to look into it further or through NRA, but just haven't done so yet. 

Simple solution.  Sell enough of your firearms so the ones you retain are under the insurance limit. LOL

My firearm IS my insurance!

There may be a per item limit (sub limit) also. Like jewlrey, some policies cap 1k per item. So if u got a 2k ring, only 1k is covered despite being under the 7k limit.

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I was thinking about transferring my insurance to State Farm but thought they frowned on guns in the home.   Could be wrong.  Anyways here is an article for State Farm.
http://www.consumerreports.org/cro/news/2013/01/could-owning-a-gun-affect-how-much-you-pay-for-homeowners-insurance/index.htm

I was thinking about transferring my insurance to State Farm but thought they frowned on guns in the home.   Could be wrong.  Anyways here is an article for State Farm.
http://www.consumerreports.org/cro/news/2013/01/could-owning-a-gun-affect-how-much-you-pay-for-homeowners-insurance/index.htm

I was never asked by State Farm if I own guns.  I asked about additional coverage limits.  It took about a week to get a quote, which was much more than I felt was reasonable. 

After speaking with our underwriters, they provided us with 2 options:
 
1.       You can increase coverage for theft to $2500 per item / $5000 total.
2.       You could start a Personal Articles Policy, which would provide broader coverage with a smaller deductible.
 

The Personal Articles Policy for my collection was going to cost more than what I pay for my home owner's policy.

For reference:  I have a rider to cover my $6500 Rolex.  It costs $125/year in premiums for full replacement -- no deductible.