Very happy with NRA firearms insurance

cjwils · March 31, 2014, 07:06 PM

I had a home burglary in which my main gun safe was so badly damaged it had to be junked (although the burglars failed to get it open) and 4 handguns in two other smaller locked boxes were stolen. One small box was broken open and the other was broken loose from were it was bolted to the floor. I sent the police report to my homeowner's insurance, but that insurance has a substantial deductible, plus they cover a maximum of $2500 for guns. After I got the settlement from homeowner's insurance, I sent the police report, descriptions of items, and homeowner's insurance settlement to the NRA firearms insurance people; hoping that maybe I would get a few hundred bucks from them. In the end, I got considerably more from my NRA coverage than I had expected. Apparently, they decided that I had underestimated the value of the old guns, safe, and lock boxes, and they paid based on their estimates. NRA firearms insurance was certainly a good deal for me.

Sharkbite · March 31, 2014, 07:11 PM

I carry an additional policy on my homeowners

Zero deductible/full replacement cost. About $400/year.

How does the NRA ins stack up with that. Its renewal time and i might wanna switch.

Rebel · April 1, 2014, 07:38 AM

I would be interested in the cost also. I'm looking into getting extra insurance as my collection has grown exponentially over the last year.

Do you know if you have to be a current member to get/keep the insurance?

cjwils · April 1, 2014, 08:33 AM

I am not trying to be a salesman, but if you are an NRA member, I think you can get $2500 worth of coverage at no cost. I got an additional $10,000 of coverage for a little over $100 per year.

Skans · April 1, 2014, 09:40 AM

This has been an interesting read. Not a bad deal at all - I really need to think about getting that insurance. Thanks.

glh17 · April 1, 2014, 10:03 AM

I have the $2500 no cost insurance that's offered with NRA membership. Don't know if there's a deductible or not but I haven't heard of one. Fortunately never had to use it. The insurance is called ArmsCare and there is a premium calculator for amounts above the no cost $2500 on NRA ArmsCare website. The site does give an example of $6500 of coverage for $65/yr. This includes the $2500 that comes with membership.

http://www.locktonrisk.com/nrains/armscareplus.htm

Evan Thomas · April 1, 2014, 01:02 PM

Thanks for posting this, cjwils. It's always useful to have some feedback about what happens when someone files an insurance claim, especially when the insurance is inexpensive.

cjwils · April 1, 2014, 06:47 PM

Based on what NRA insurance paid me, I can tell you that the $2500 no-cost coverage does have a $100 deductible.

glh17 · April 1, 2014, 08:09 PM

$100 deductible seems reasonable for the coverage/cost. I'm just glad to hear you didn't have a problem with the payoff.

johnwilliamson062 · April 4, 2014, 06:48 PM

check with a liberty mutual agent.

March 31, 2014, 07:06 PM	#1
cjwils Senior Member Join Date: November 28, 2010 Location: Washington state Posts: 401	Very happy with NRA firearms insurance I had a home burglary in which my main gun safe was so badly damaged it had to be junked (although the burglars failed to get it open) and 4 handguns in two other smaller locked boxes were stolen. One small box was broken open and the other was broken loose from were it was bolted to the floor. I sent the police report to my homeowner's insurance, but that insurance has a substantial deductible, plus they cover a maximum of $2500 for guns. After I got the settlement from homeowner's insurance, I sent the police report, descriptions of items, and homeowner's insurance settlement to the NRA firearms insurance people; hoping that maybe I would get a few hundred bucks from them. In the end, I got considerably more from my NRA coverage than I had expected. Apparently, they decided that I had underestimated the value of the old guns, safe, and lock boxes, and they paid based on their estimates. NRA firearms insurance was certainly a good deal for me.

April 1, 2014, 07:38 AM	#3
Rebel Member Join Date: January 30, 2013 Location: West Chester, Ohio Posts: 28	NRA insurance I would be interested in the cost also. I'm looking into getting extra insurance as my collection has grown exponentially over the last year. Do you know if you have to be a current member to get/keep the insurance?

April 1, 2014, 01:02 PM	#7
Evan Thomas Senior Member Join Date: July 7, 2008 Location: Upper midwest Posts: 5,631	Thanks for posting this, cjwils. It's always useful to have some feedback about what happens when someone files an insurance claim, especially when the insurance is inexpensive. __________________ Never let anything mechanical know you're in a hurry.

March 31, 2014, 07:11 PM	#2
Sharkbite Senior Member Join Date: November 4, 2013 Location: Western slope of Colorado Posts: 3,679	I carry an additional policy on my homeowners Zero deductible/full replacement cost. About $400/year. How does the NRA ins stack up with that. Its renewal time and i might wanna switch.

April 1, 2014, 08:33 AM	#4
cjwils Senior Member Join Date: November 28, 2010 Location: Washington state Posts: 401	I am not trying to be a salesman, but if you are an NRA member, I think you can get $2500 worth of coverage at no cost. I got an additional $10,000 of coverage for a little over $100 per year.

April 1, 2014, 09:40 AM	#5
Skans Senior Member Join Date: November 20, 2008 Posts: 11,132	This has been an interesting read. Not a bad deal at all - I really need to think about getting that insurance. Thanks.

April 1, 2014, 10:03 AM	#6
glh17 Senior Member Join Date: May 17, 2013 Location: Middle TN Posts: 165	I have the $2500 no cost insurance that's offered with NRA membership. Don't know if there's a deductible or not but I haven't heard of one. Fortunately never had to use it. The insurance is called ArmsCare and there is a premium calculator for amounts above the no cost $2500 on NRA ArmsCare website. The site does give an example of $6500 of coverage for $65/yr. This includes the $2500 that comes with membership. http://www.locktonrisk.com/nrains/armscareplus.htm

April 1, 2014, 06:47 PM	#8
cjwils Senior Member Join Date: November 28, 2010 Location: Washington state Posts: 401	Based on what NRA insurance paid me, I can tell you that the $2500 no-cost coverage does have a $100 deductible.

April 1, 2014, 08:09 PM	#9
glh17 Senior Member Join Date: May 17, 2013 Location: Middle TN Posts: 165	$100 deductible seems reasonable for the coverage/cost. I'm just glad to hear you didn't have a problem with the payoff.

April 4, 2014, 06:48 PM	#10
johnwilliamson062 Junior member Join Date: May 16, 2008 Posts: 9,995	check with a liberty mutual agent.