I just bought a 9mm handgun (already have my license to carry). I want to add it to my homeowner's insurance. Concerned that it may raise the premium because of the added liability of someone getting hurt by it. (Already have it locked in a gun safe.) Or might it LOWER the premium because now a potential burglar would be apprehended? Or will it not change the premium at all? Help?!?
2007-06-17 14:36:58 · 6 answers · asked by Sarah D 2 in Sports ➔ Outdoor Recreation ➔ Hunting
<>Check with your agent, but most policies cove handguns up to a certain amount. Check with and join the N.R.A. they offer insurance that covers firearms that comes with their basic membership
2007-06-19 17:50:25 · answer #1 · answered by kevsher01 5 · 0⤊ 0⤋
This would be an item that is covered under the possessions part of the policy. The knee-jerk reaction from the "get undressed, lay down and do everything the nice bad person says" group will be to worry about the liability. Have it close at hand where you can pick it up without having to remember a combination; along with one of those compressed air hand held boat horns. Those things wake up the neighborhood and warn of immenent danger; if the intruder doesn't take the hint then he (she) has my condolences.
2007-06-18 14:21:52 · answer #2 · answered by acmeraven 7 · 1⤊ 0⤋
It's not going to affect your premium. I have homeowner's insurance through State Farm, and I believe it covers firearm losses up to $5000.
Furthermore, you do not need to declare any firearm purchases to your insurance company. You simply need to be able to prove that you owned one if it ever gets stolen. A receipt, preferably accompanied by a photograph, should be enough to get reimbursed for it--if your deductible is more than the price of the gun.
2007-06-17 23:00:40 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Nearly all homeowners insurance policies cover firearms under as household items up to a specified maximum for guns (usually $1000-$2000, depending on your policy). If your pistol is worth more then that then you can buy a rider for whatever value you need but that will cost more. Check your policy declerations.
2007-06-17 21:51:59 · answer #4 · answered by LoudonYankee 2 · 3⤊ 0⤋
You can get a rider to insure the gun, but it's probably more economical to get it insured separately. If you're not a member, first step would be to join NRA.
2007-06-17 23:12:09 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Generally guns do not affect the premium unless they are scheduled because of their value, like jewelry.
2007-06-17 22:25:31 · answer #6 · answered by lestermount 7 · 2⤊ 0⤋