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Some kind of insurance policy against firearm theft and damage is a good idea for most gun owners. Every year, more than 230,000 firearms are stolen from people who most likely thought “it’ll never happen to me.” And that number doesn’t include loss due to fires, floods, or USPS incompetence.

Even for a small gun collection, the replacement cost adds up: a $700 rifle, plus the $400 scope you’ve got on it, plus your $500 handgun… you can do the math, but the answer is “ouch.” So, here’s a straightforward guide to help you insure your prized possessions.

The limits of your homeowner’s insurance policy

Your standard homeowner’s policy probably does cover firearms as valuables or ‘personal property.’ However, those policies have lean payouts. For any given homeowner’s or renter’s policy, $2,000 is generous. There’s also (probably) a lot of fine print in that big umbrella policy, which you should read before trusting it with your firearms. You could be denied coverage for not registering your weapons’ serial numbers with the insurance company, storing them in a certain way, etc.

Wouldn’t ANY insurance company need serial numbers, to verify ownership?

Nope. At most, they should ask for a description of the items to be insured. Of course, it’s a good idea to keep evidence of your ownership handy (you get to take photos of your arsenal… oh, the horror!). Receipts are a good thing to keep, too, but, because so many firearms are heirlooms, they shouldn’t be required.

Figuring out how much your guns are worth

Getting an approximate value of your arsenal is a good way to figure out whether it’s worth insuring. The Blue Book of Gun Values will give you a fairly accurate number for most gun models, new and old. If you have a really rare or collectible gun, you should get that appraised by a professional.

The 4 best options for gun theft insurance 

Based on our research (we’re NOT insurance agents, please do your own), these are the most reputable options and an outline of the coverage offered. The prices of all these policies are in the same ballpark ($10-15 yearly per $1,000 of collection value).

1. CollectInsure

Although they don’t market themselves as a firearms insurance company, CollectInsure has the most inclusive policy offering we’ve seen.

Items covered: firearms, air guns, accessories, gun safes, ammo, knives, edged weapons.

Paperwork required: Minimal. You don’t have to inventory all your guns separately or pay to get them appraised. Itemization is required only for valuables worth $25,000+.

Covered incidents include: Accidental breakage, theft, burglary, fire, flood (except Zones A & V), loss in the mail, natural disasters. (See exclusions here).

Minimum collection value: $0

2. NRA Armscare

Basic Armscare ($2,500) is a free benefit for NRA members. You can also pay an additional premium to expand your Armscare policy.

Items covered: Firearms, air guns, bows and arrows, accessories that are attached to the firearm.

Paperwork required: Minimal. You don’t have to provide serial numbers.

Covered incidents include: Loss, damage, flood, fire, theft. (See exclusions here).

Minimum collection value: $0

3. Core-Vens Gun Insurance

Core-Vens is the choice program for serious collectors who regularly buy, sell, trade, and travel to maintain their large firearms collections. Policies start at $100,000.

In addition to firearms owners and collectors, Core-Vens insures shooting ranges, gun dealers, sportsmen traveling outside the United States, and professional taxidermists.

4. Crosby & Crosby

Crosby & Crosby advertises enhanced homeowner’s insurance coverage that includes up to $5,000 worth of firearms payouts, so you don’t have to buy a supplementary policy. You can get a competitive price on gun insurance if you buy home and/or auto insurance through them.

Items covered: Firearms

Paperwork required: Minimal, as long as you get a blanket policy. You can insure individual firearms worth up to $10,000 under such a policy without having to inventory them.

Covered incidents include: “All risk,” including accidents, loss, and theft.

Minimum collection value: $0

More options

Any insurance company you’re currently doing business with, including USAA, might have options for you. You’ll want to ask them about ‘additional property insurance’ and/or ‘collectibles insurance’ pertaining to firearms. If you have a number of antique firearms, you may want to check out Eastern Insurance, which has a specialized program for historic firearms.

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14 COMMENTS

    • had “collectables” insurance for awhile now…they’ve even payed out on one gun theft…do like to work your homeowners policy into the mix though…best to up your deductable to eliminate that….

  1. You’d better do some checking on the NRA policy- there have been problems since Parkland that are being worked out…

    • NRA is nothing more than a cheap copy of USCCA. Funny that it was not given consideration in this “biased” article!!

      • This article has nothing to do with concealed carry insurance- it’s for loss by theft (or fire, etc., I assume.) They used to teach people to read and comprehend in schools, no longer, i guess…

  2. I had not even known about the problems with Lockton, the insurer through NRA until my renewal came up. Now I find that Llyod’s dropped underwriting this. Sounds like it was mostly political fallout yet even though this program has insured my considerable collection for years I am going elsewhere. Collectibles is my strongest consideration & I almost considered going with them last year before the fallout with Llyod’s. I am still a solid NRA Patron member but the $2500 free coverage through membership is not worth the loss of peace of mind not to mention a sizable collection

  3. I recommend US Lawshield for stolen gun insurance. I recently upgraded to their Gun owner Identity Theft program after a house in our neighborhood was broken into and they had a few guns stolen.

  4. Thank you for this helpful article. Do you have any thoughts on Sportsman’s Insurance Agency?

  5. I was just told by an NRA chat agent that the Basic Armscare ($2,500) benefit for NRA members was discontinued…. apparently without notifying anyone…at least, not us. I only found out when my Armscare renewal notice was for less coverage than last year (but at a higher price). Just got quicky quote from Collect Insure for the coverage we need at only 2/3 the cost of Armscare’s lesser offering!
    I am soo glad I found this page!

  6. My policy is with USAA, who subcontracts the coverage with others and I just received their renewal fee for my collection totaling around $25k The premium is now up to $360.00 and has incrementally increased over the years as the collection expanded. Hence I’m looking around.

  7. We have a very special lucrative revenue share opportunity for your association working with ADT Security. We can pay your company for every new ADT activation.

    Please let us know if you would like more information, or to arrange a brief conference call.

    Thank you.

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