Are Guns Covered Under Homeowners Insurance?
For the most part, many homeowners insurance policies provide coverage for firearms, but there’s a limit to how much coverage you can receive. Firearms are private property. As such, a homeowners insurance policy can provide you coverage under accidental losses. Now, most insurance companies will not increase your premiums if you own a licensed firearm. The insurance would cover cases like loss of a gun due to theft or accidental injury on a property. Bear in mind the limit for coverage is minimal, ranging from $1,500 to $ 5,000.
Schedule Your Gun Under Itemized Personal Property Coverage
If there’s one thing gun owners know all too well, it’s that firearms are expensive! And so, a homeowners policy may not be enough to cover the costs of loss, theft, or accidents. So to receive additional coverage for your firearms, we highly recommend scheduling your firearms under Itemized Personal Property as part of your homeowners’ insurance policy. Scheduling firearms under your homeowners’ policy may eliminate your need for a deductible should you need to make a claim. In addition, when receiving a fiance for your firearms, insurance companies will not pay for the item’s depreciation.
What is Concealed Carry Liability Insurance?
When it comes to using firearms as a means of self-defense, then policy coverage can become somewhat of a gray area. We must emphasize that homeowners insurance policies will not provide liability coverage for intentional shootings, and in fact, some insurance policies may not cover a shooting due to self-defense.
Concealed Carry Liability insurance provides additional coverage and legal protection at a low cost to gun owners. Concealed Carry Liability may be customized to provide you with finances for legal help (legal liability), income interruption, and firearms liability. It’s important to remember that this form of additional insurance helps those who may use a firearm as a form of protection (self-defense). Concealed Carry Liability is often offered to law enforcement officers and armed security.
Gun Insurance Can be Complicated, But We’re Here to Help
Comparing homeowners insurance policies and determining which one best suits your personal situation is a tedious task. We know that insurance policies and coverage can be immensely complicated to understand, but don’t worry, we’ve got you covered. At Roger Welch Agency, our agents work one-on-one with you, the policyholder, to determine what insurance policy and company best suits you. We represent many of the top insurance companies across the state of Texas to provide you with the best quotes and advice when it comes to firearms insurance.
We are an independent agency that represents many of the top insurance companies across Texas. We work for you and can help you find the best policy coverage for your firearms. Talk to one of our team members today to receive a free no-obligation quote.