While
gun control legislation may remain a divisive issue with uncertain outcomes,
there are guidelines pertaining to firearms when it comes to homeowners
insurance.
Most
standard homeowners policies cover rifles and pistols if they're stolen or
damaged in a fire, but usually up to a maximum of $2,500, according to Pete
Moraga, a spokesman for the Insurance Information Network of California. If you
have a large collection of guns or ones that are particularly valuable --
perhaps a group of antique side arms -- then you may have to buy a policy rider
to ensure they'll be replaced or that you'll be reimbursed, he says.It's much the same process as with other big-money items, such as jewelry and fine art, where you discuss the pieces with an agent and come to a reasonable coverage figure.
Safety always an issue for gun insurance
To keep premiums for the standard policy from soaring, the owner may have to show that the rifles and pistols are properly secured in locked gun cases, have trigger locks, and, of course, are out of the reach of children, says Michael Barry, a spokesman for the Insurance Information Institute.
"It's all about proving to an insurer just how responsible you are when it comes to firearms. It's clear that insurers are more likely to look favorably on the gun owner if they take special precautions to store the weapon and have a gun lock on the gun," Moraga says.
Moraga adds that insurers usually don't bring up firearms when writing a policy. But it's a good idea to tell them upfront if you have any.
Gun Lessons From Great Britain
Joyce
Lee Malcolm, author of "Guns and Violence, The English Experience," discusses
why mimicking Great Britain on gun control may not be the best idea.
Date 12/27/12,
Duration 6:36,
Views 151
