Renters Insurance only covers up to 500

ZX9RCAM · Sep 21, 2016

What about serial number and/or "valuable" items?

Southpaw · Sep 21, 2016

NativH said:
Sounds really interesting. Got the safe covered (with NFA weapons you better) and insuring ammo would be interesting although quantities would be hard to prove for settlement as it is a rather fluid asset. Do they insure NFA weapons and is it an annual payment? Thanks for checking this out so thoroughly. Sounds like a new insurer for me also.

Though I didn't ask about NFA specifically ,this was his reply to me:

In home Safes ARE NOT required. Accessories such as OPTICS, cases, suppressors, silencers, magazines ARE COVERED.

We cover contemporary Ammo up to a limit of $5K.

I was happy to see that he put a number on ammo. I think $5000 is fair considering it's a consumable.

ZX9RCAM said:
What about serial number and/or "valuable" items?

There are two policies, one where you can schedule each item and one where you do not have to. With the later, you estimate the replacement cost and add up from there I believe, but, unfortunately I deleted the attachment :beat:

the guy sent me, so I beyond that, I don't want to attempt a half ass explanation. I did request he resend the attachment again, but I am going to have to wait. I will post more when I do, but If any of you want to contact him directly, here is his details:

John W. Richardson
Vice President, Eastern Insurance Group LLC
The Historic Firearms and Collectibles Insurance Program
933 Webster Street, Marshfield MA, 02050
Toll Free - 800.545.9326 X59398
P- 800.545.9326 M-781.974.3737 l F- 508.647.3266
jrichardson@historicfirearms.com
jrichardson@easterninsurance.com

Or if you want to start from their website with your own quote, just go right to their site. They have been very quick to reply.

https://www.easterninsurance.com/insurance-quotes/personal-insurance/historic-firearms

ZX9RCAM · Sep 21, 2016

Thanks!

ETA: curious how they could just take people's word on what they actually possess?

Southpaw · Sep 21, 2016

ZX9RCAM said:
Thanks!

ETA: curious how they could just take people's word on what they actually possess?

I'm just guessing, but they may not to a point. I'm thinking that is why it is best to take pictures and keep an inventory.

TheMailMan · Sep 21, 2016

They only require appraisals on items over $10k.

If you file a claim you're going to have to show proof of ownership. You can suddenly say you owned a dozen Wilson Tactical Supergrade Professionals.

It's why I keep a detailed list, description, serial number, attachments and such as well as pictures of everything.

ZX9RCAM · Sep 22, 2016

TheMailMan said:
They only require appraisals on items over $10k.

If you file a claim you're going to have to show proof of ownership. You can suddenly say you owned a dozen Wilson Tactical Supergrade Professionals.

It's why I keep a detailed list, description, serial number, attachments and such as well as pictures of everything.

Stupid question, but that means actually taking the gun somewhere for a "written" appraisal I guess.

40Arpent · Oct 11, 2016

Waiting for Eastern to contact me back, but based on the quote I just got from Collectibles, it looks like Eastern will be less expensive by about $13 per $10,000 annually (based on numbers provided in this thread). If that holds true, I'll be signing up with Eastern this week.

Southpaw · Oct 11, 2016

When my Collectibles policy is up, I'll requote and if the prices are the same, take out coverage with Eastern as well.

rusty tweezers · Oct 11, 2016

Damn renting sucks.

Sent from my iPhone using Tapatalk

ZX9RCAM · Oct 11, 2016

40Arpent said:
Waiting for Eastern to contact me back, but based on the quote I just got from Collectibles, it looks like Eastern will be less expensive by about $13 per $10,000 annually (based on numbers provided in this thread). If that holds true, I'll be signing up with Eastern this week.

What is the cost per $10k?

ETA: When you find out that is, please.

40Arpent · Oct 13, 2016

Well, I went with Collectibles after getting the quote from Eastern. Eastern's quote was almost identical to Collectibles, and I'd already gotten farther along in the process applying with Collectibles (Eastern took several days to get back to me, Collectibles was just a few hours). Eastern's quote emphasized my location (Houston), so that's why I figured it came out higher than some of the quotes others here have gotten from them.

40Arpent · Oct 13, 2016

ZX9RCAM said:
What is the cost per $10k?

ETA: When you find out that is, please.

Roughly $46.00.

tinplas · May 18, 2020

Resurrecting a thread, but I didn't find anything newer. Is Eastern or Collectibles still a good choice?

Thanks

Southpaw · May 18, 2020

tinplas said:
Resurrecting a thread, but I didn't find anything newer. Is Eastern or Collectibles still a good choice?

Thanks

I used Collectibles for many years, but then switched to Eastern when they quoted me more coverage for a bit less.

tinplas · May 18, 2020

Thanks, sent them an email

oldag · May 18, 2020

Still using Collectibles, but I have never needed to file a claim.

ed308 · May 24, 2020

Both are good IMO.

wbblazer90 · May 29, 2020

I use collectibles

Geezer · May 29, 2020

For the first time ever, I recently bought some renter's insurance. A $25,000 policy from Farmers for $16-something per month. I went ahead and paid for the whole year.

Renters Insurance only covers up to 500

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