How to Insure Guns

If you own a collection of hunting or antique firearms, you want to make sure it's properly insured against any potential loss. Guns have special needs for insurance that you need to carry on your policies to make sure you're covered in case something happens. Here's how to properly insure guns.

Instructions

Difficulty: Moderately Easy

1. Consider carrying extra liability insurance to protect yourself in the event of an accident. Courts are awarding larger settlements so make sure you have enough coverage so you don't lose your home and belongings if sued.
2. Look into an option that covers your defense in both civil and criminal proceedings if you are sued after being involved in an act of self defense.
3. Explore extra coverage against fire, theft or physical damage if your gun collection is worth over $1,000. Homeowners policies do not automatically cover hunting or collectible guns.
4. Protect your collection and all accessories by purchasing replacement value coverage. If you do, make sure you retain all receipts, and keep a list of serial numbers in case you have to file a claim.
5. Check that any policy you are considering covers your guns overseas if you frequently hunt in Canada or other countries.
6. Join groups such as the National Rifle Association for access to special insurance coverage and group discounts.

Tips & Warnings

• Use the Blue Book of Gun Values to calculate the value of guns that are no longer being made.