Opinion : John explains why he prefers Collectibles Insurance Services' gun insurance policy over his regular homeowners insurance.
U.S.A. –-(Ammoland.com)- Imagine if you come home to find your treasured collection of firearms gone. Years of collecting and thousands of dollars down the drain. If only there were a way to protect your investment!
This scenario has been one of my greatest fears. About a year ago I started looking into how to protect myself not only for theft but also from other events like fire or flooding.
There is always homeowner’s insurance, but that can be very risky. Depending on your policy, homeowner’s insurance might not cover your firearms. If your policy does include your guns, the policy will most likely base the value of your collection on the sale price of your guns minus depreciation and your deductible. This formula means that it considers your Colt Python at most is worth $125 since that was the original sale price.
The policy also usually has a limit of the amount that the insurance company will cover for the items in your house. For example, my homeowner's policy will only cover up to $2500 for my gun collection. I found out that some policies have an even lower cap.
Most insurance companies also want a list of the firearms you have including serial numbers. Giving this information over to an insurance company makes me nervous. Maybe it is just paranoia, but I don't want information on my collection being turned over to Big Brother.
Most homeowner's insurance companies do not cover acts of God such as floods and earthquakes unless the homeowner has additional insurance. I found this out the hard way when there was damage to my house after an extremely rare Virginia earthquake.
There is a way to keep your investment your gun collection safe. Collector's insurance is something every gun owner with more than one or two guns should consider buying. It gives me a little more peace of mind when I compare it to just relying on my homeowner's policy.
Collectibles Insurance Services
One of the best companies that offer collector's insurance is Collectibles Insurance Services. Their rates were even cheaper than it was to schedule my firearms onto my homeowner's policy.
The product that they sell is far superior to my homeowner's policy. One of the most significant advantages it has over traditional policies and what drew me to it is the fact that the policy covers more than just my firearms.
Optics and other firearms accessories are not cheap. I am into long range shooting. Some of my scopes cost more than my rifles. Collectibles Insurance Services covers all my optics even when I do not have them mounted on my guns.
I also buy ammunition in bulk. It is cheaper in the long run, but the upfront cost is a lot higher. Losing all my ammo means losing a lot of money. Luckily for me, Collectibles Insurance Services (CIS) even covers the cost of ammunition! Not only that, but they also include coverage for the price my gun safes.
I also prefer how Collectibles Insurance Services calculate the value of my guns. Different from the homeowner's policy that I have, CIS uses the actual market value of the firearms with no deductible. That means that I would get paid out the current price of the Mosin Nagant I paid $75 for at a gun show back in the day. With my homeowner's insurance policy, it wouldn't be worth putting in a claim if something happened to my Mosin.
CIS ties their policies to the firearms and not the home. If your gun gets stolen from your car, then you are covered. I also travel with a firearm when I fly. If my gun gets taken from my checked bag when traveling, I know they still have my back. Collectibles Insurance Services even covers your guns if the postal services lose it when mailing my gun out to say a gunsmith.
Another cool thing about the collector's policy offered by CIS is that it covers bladed weapons. I have a CAS Hanwei Oni Katana. It's a real cutting sword. Its quality is impeccable, but that quality comes with a steep price. If anything ever happened to it, I would be able to put in a claim for its value.
No Firearms Serial Numbers Required, Your Guns Remain Private
This ‘like' is a big deal. I like that Collectibles Insurance Services doesn't ask for the serial numbers of your guns. Call me paranoid, but I don't like sharing those with anyone. You only need to list firearms valued over $25,000 on the policy individualy. Even then, they only ask for make, model, and an estimated value of the gun.
CIS also covers my antique firearms along with my modern guns. This wide range of coverage saves me the pain of getting multiple policies.
CIS makes the process of getting a quote straightforward. All the collector have to do is answer a few easy questions on their website. They also have a toll free number ( 888-837-9537 ) where one of their team members can answer any question about their products.
From the collector to the dealer (yes they cover FFL dealer's too!) everyone needs to protect his or her investment, and that is what Collectibles Insurance Services does best. Their service is something I hope I never have to use, but if I do, then I will be glad I have it.
You can get a free quote from Collectibles Insurance Services at https://collectinsure.com/guns
A CIS team member can answer any questions you have for them. They are available Monday to Friday from 8:30 AM to 5 PM ET at 888-837-9537.
About John Crump
John is an NRA instructor and a constitutional activist. He is the former CEO of Veritas Firearms, LLC and is the co-host of The Patriot-News Podcast which can be found at www.blogtalkradio.com/patriotnews. John has written extensively on the patriot movement including 3%'ers, Oath Keepers, and Militias. In addition to the Patriot movement, John has written about firearms, interviewed people of all walks of life, and on the Constitution. John lives in Northern Virginia with his wife and sons and is currently working on a book on leftist deplatforming methods and can be followed on Twitter at @crumpyss, on Facebook at realjohncrump, or at www.crumpy.com.