doublegunshop.com - home Forums General Discussion DoubleGun BBS @ doublegunshop.com collection insurance

I'd be interested in hearing current experience with collectors' insurance, carriers to trust, costs involved. etc. Thanks.

I use Core - Vens Insurance. I especially like the idea of being covered if I ship a gun.

I use the same

I would say that when I was in the trade the majority of the dealers used core vens


John
Arrieta


They do not do the insurance part
They use an insurance company
Core Vens is the broker

I would assume that about all insurers that specialize in gun insurance cover guns while being shipped. Am I correct?

One thing, if you take a gun to your gunsmith for repairs your insurance is not in effect. In other words it's on him to cover the cost of your gun if say there is a fire or theft.
I was not aware of that.

Our gun insurance is with Gallagher Risk Management and it covers our firearms during shipment and while they are at a gunsmith. One of my wife's guns is at the gunsmith now and it is covered by our insurance. I would never trust a gunsmith to have insurance that covered my guns - they should but that doesn't mean they do.

Our policy covers $45,000 of unscheduled guns (all of ours are valued at less than $10,000 individually) for a $150 annual premium.

Bob, is that $45K per gun or total maximum claim?

Our policy covers $45,000 of unscheduled guns (all of ours are valued at less than $10,000 individually) for a $150 annual premium.

I am sure that means total coverage.

Note that he says that all of our guns are valued less that 10,000 individually.

JOhn

Arrieta

Stan, that is the total coverage. If an individual gun is worth $10K or more you must schedule it with the insurance company. You can contact Laura Sewall at 800-545-9326 and she can give you a quote for the guns you own.

I use Guns and Trophy. Good Guys. Professional and easy to work with. If you go to their website you can find the answers to many of your questions and some you may not have thought of. They are hunters and shooters and understand guns.

Years ago I thought of having my guns insured and thought better of it. I didn't wanted so many people in the entire insurance company to know I was a gun owner. And since I will never ship a gun, I don't see any reason why I should have insurance. But, good luck to those who do and need to have it.

Has anyone had actual experience with a covered loss? There are a lot of insurance sellers out there-but .......

All the insurance companies are your best friends when the money is flowing in their direction.


The proof is when you have to make a claim.

I have had one claim with my insurance company and they paid fast and well.

For: reference:

These two are for paying are the worst

USPS
UPS.

John
Arrieta

Same insurance that I have. I've used them for over 10 years
Never had an issue (Never had a claim either).

My yearly cost has not gone up either.

I've been happy with them

Stay well my friends

Greg

I can not speak about other companies only my own.

If I drop the gun and the stock breaks it covered
If the bbl blows up its, its covered.

Includes shipping risks

So basically it covers all risks.


John

My main insurance issues concern theft or fire, rather than shipping or gun blow ups. Luckily, I haven't had any losses but have coverage spread with three carriers, homeowner's and two specialty companies. Hope I never need them. While I understand the concerns with USPS, UPS, and coverage while in the care of gunsmiths-my main worry is fire or theft.

Do the individual guns have to be listed by serial number, etc?

I have a blanket amount of coverage. I only have to list guns and serial numbers on guns over 10K.

With Gallagher Risk Management only guns with a value of $10,000 or more must be listed by serial number.

Because none of our guns are valued at $10,000 they have no idea what we own, just an overall policy limit of $45,000.