Gun Insurance? Are My Guns Covered By Homeowners Insurance?
Are Guns Covered Under Homeowners Insurance?
Homeowners Insurance does provide coverage for guns & firearm related equipment (ammunition, scopes, silencers, etc). Gun Insurance Coverage that protects your weapons from physical loss is found under the Personal Property Section (Coverage C) of your home insurance.
In addition, home insurance can provide gun owners with some protection from lawsuit under the Liability Section of the homeowners policy as well as extending to the Personal Umbrella Liability. Obviously, there are limitations with what types of actions would be covered, but some liability protection exists.
Standard Insurance Coverage For Firearms
Personal Property Coverage found on the major home insurance policy forms (renters insurance, condo insurance, homeowners insurance) provides coverage for “your stuff”. In general, we are referring to the items in your home that aren’t physically attached to the house.
Guns & Ammunition that you own, like other belongings, are considered to be a part of your personal property. So, your firearms have basic coverage against physical loss or damage just like the rest of your property (with some differences we will discuss later).
If your Homeowners Policy is on an Enhanced Form like the North Carolina Homeowners Insurance Form HE7, then your Personal Property is insured on an All Risk basis.
Does Insurance Cover Stolen Guns?
Homeowners Insurance COVERS stolen guns. However, there are special limits that apply to Gun Insurance when it comes to theft, misplacing, or losing of firearms.
Do I Need A Special Gun Insurance Policy?
There are times when the coverage provided by standard Home Insurance or Renters Insurance aren’t enough. Sometimes you are better served to add the Schedule Firearms Endorsement to your policy.
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