Holland&Holland wrote:crbutler wrote:So, does the homeowners or rider coverage cover for loss in transit or while hunting (especially out of country)?
Will it cover damage as well as loss?
My answers received were pretty vague from the insurance agent and I went with specialty insurance through a hunting group.
this covers for all purposes...but it's substantially more expensive than $7/1000 per year.
USAA's policy covers damage as well as loss up to the stated value both in transit and while hunting or shooting. Best policy I have found. Not cheap but good.
My choice would be to find an endorsement for replacement cost for a specific "firearms" limit, and then make sure I had some head room on the limit. If you suffer a break during a panic-good luck replacing your $500 DPMS for that cost. I hear a lot of good things in the industry about USAA, but I think you need to be a Vet or family member to get a policy.
*****Read any policy you sign as it is a contract, and they all have variations in coverages.***
Here are a few things to consider-
Stated value is a 2 edged sword. If your value sky rockets prior to a loss, you will not be able to fully recover your loss. It is your responsibility to maintain the proper
valuations.
-$2500 Firearms sub limit is
often only for the peril of theft.
-The sub limit for "firearms" can also sometimes include accessories. Your RRA AR with a good optic and mount, sling, mags, etc. could blow the $2500 limit. Does reloading equipment count as an accessory?-possibly
-A firearm specific endorsement, may refer back to your homeowner's policy regarding property away or in transit, or could spell out its own coverage. The status of being "away" may limit coverage.
-Insurance sales people or often vague on coverages, because they do not want to be on the hook for committing to a coverage that isn't in the policy.