Firearms Insurance Basics

Oct 04, 15 Firearms Insurance Basics

Guns are dangerous things, there is no doubt about that, but they are also expensive. Therefore, it’s stands to reason that people who invest in firearms for their own protection want to protect these tools as well. This is where gun insurance comes into play.

There are quite a few policies available today, so you will have plenty of options to choose from if you decide to seek this type of insurance. The first thing to focus on when looking for the best policy is the type of the firearms you want to cover. Some of these plans are very specific, so you will need to take the future into account if you want to have a chance to expand your firearms collection in the future. Otherwise, you may end up needing to start searching for a new policy all over again if you buy a type of gun not covered by the current one.

You also need to pay attention to what exactly the policy protects you from. A good firearms insurance plan should cover the following:

  • Fire
  • Damage
  • Direct physical loss
  • Theft

you dont joke with this dangerous kittyNote that the “damage” in this policy must be defined in great detail so that there will be no room for maneuvering that agents will be able to use should your gun get damaged. You also need to make sure that you understand the conditions considered “theft”, especially when it comes to theft from a vehicle.

In the vast majority of cases, “theft from a vehicle” is defined as breaking and entering into a locked vehicle or its locked portion. Take your time to check this term when it comes to theft from your residence.

Reduce the Risks

Insurance provides you with a kind of a security blanket, but you shouldn’t rely on it to solve all your problems. In many cases, there is a chance to prevent dangerous incidents that result in damage and loss of property. Installing a high-quality gun safe is a sure way to reduce these risks when it comes to your firearms. If you want to learn more about safes designed specifically for firearms, go here.

Remember that installing one of these safes does not only protect your expensive guns from burglars. This also helps protect your family from accidental injury. Simply hiding a gun actually increases this particular risk exponentially. An accident caused by such a blatant show of negligence and breaking of several important safety protocols definitely won’t be covered by your insurance policy. Therefore, it’s imperative to store your firearms in a place designed for this particular purpose.

If you are worried about not being able to use the gun for your protection because it’s locked in a safe, be sure to install this safe in a strategic location that you can access from any point of your house. You should also practice opening and closing it often. It would be best if you manage to learn how to do this not only fast but while blindfolded. This skill will come in handy if you ever need to use a gun during the night and there is no chance of turning on the lights.