I applied for a policy with Collect insure.  Anyone else have good experiences with other companies for insuring firearms and accessories?  Thanks.

Many have USCCA.

Thanks.  I checked them out but it looks like they only offer liability insurance.  I’m actually looking for insurance for theft, fire, flood, etc. 

Thanks.  I checked them out but it looks like they only offer liability insurance.  I’m actually looking for insurance for theft, fire, flood, etc.

Home or renters insurance can cover that. Just ask your insurance provider.

Home or renters insurance can cover that. Just ask your insurance provider.

Homeowner's insurance normally only covers a small amount, normally around $1K-2K.  If you have firearms, jewelry and/or furs or other valuables, you need a policy rider/addendum that covers the total value.  In my experience, the rider costs a lot depending on the amount covered.

That's okay if i have a fire or some major burglary that causes a loss of everything covered all at once.  But, if I only lose one pistol, a Rolex watch or a diamond ring, the cost for the premiums would be approaching the replacement cost of some items after 5-10 years if no claims are filed.

As usual, insurance is a gamble between you and the insurer.  They are betting you'll pay more in premiums (which they use to make more money) than you'll cost them in losses.  Sometimes the insurance is so expensive, it's a better option to put your premiums in an investment/CD and use that to self-insure.  Then, if you ever need the money in a pinch, you'll have it to use.  It takes discipline, but if you choose a long term cDm it'll keep you from using it on an impulse.

You might want to shop around for other homeowner's insurance companies.  Might find one that's cheaper, which could make a rider more affordable.

Thanks.  I checked them out but it looks like they only offer liability insurance.  I’m actually looking for insurance for theft, fire, flood, etc.

I have a firearms plan under my homeowners insurance through State Farm. I set the coverage at $5,000 I think and that is without a deductible IIRC. I didn't shop around so I don't know how their rate compares to other insurance companies.

In practice nobody ever self insures. If you want insurance coverage you will have to pay. You should also have an umbrella policy to cover liability.

In reality, anyone who rents their residence and doesn't purchase renter's insurance, who only affords mandated liability auto insurance but opts out of comprehension/collision, or who doesn't have enough life insurance to pay off all their debts is self-insured.

Anytime you do not have an insurance policy covering a risk, you are self-insured.  if you suffer a loss, you must suffer the financial consequences.

More people self-insure than you seem to understand.