What Is Firearm Insurance?

Jump to:

• Does homeowners or renters insurance cover firearms?
• Is CCW insurance the same as firearm insurance?
• Three ways to better protect your firearms at home!

Owning a firearm is a serious commitment. From the initial cost of the gun to the time spent maintaining it to the countless hours spent training on your accuracy and concealed carry strategy, there is so much that goes into the firearms we count on to protect ourselves and our homes.

Given how much you put into your guns, you want to ensure they are protected from theft. From 2017 to 2022, 1,074,022 firearms were stolen, and 96% of these were stolen from private gun owners. With such a significant investment in your firearm, you may wonder if your current insurance policy is substantial enough to cover its cost if it's stolen or destroyed. 

Let's take a closer look at how guns are covered in homeowners policies and whether firearm insurance is necessary for your situation.

Does Homeowners and Renters Insurance Cover Firearms?

In most cases, yes, homeowners and renters insurance policies cover firearms, as your guns fall into the category of personal property kept in your home. The essential thing to check when assessing your current insurance situation is if your policy contains any sublimits. Sublimits are limits within your policy for more expensive property categories, like firearms and jewelry, to lower the cost of a potential claim. With guns being some of the most expensive items that many homeowners have, policies generally have sublimits of $2500. 

What Other Types of Firearm Insurance Are There?

Concealed carry (CCW) insurance is often referred to as firearm insurance. CCW is different than firearm coverage in your homeowners or renters insurance policy because it is designed to provide funding for legal help in the case that you have to use your firearm in self-defense. Learn more about CCW insurance and see if it's right for you in our article here. 

Three Steps to Better Protect Your Firearms

If you are unsure of your current gun collection's protection from theft, there are a few steps you can take to help mitigate the risk of them being stolen:

1. Take inventory of your firearms' values and your insurance coverage. Do you know the worth of your guns? What are your current policy's limits on personal property and firearms? It's critical to ask these questions and write down important information like serial numbers and your guns' make and model names. Pictures of your firearms can also be helpful in case of theft. A wide variety of sources are available to help you determine your gun's monetary value. 
2. Update your insurance policy. Once you know your firearms' worth and your current policy's limitations, you can explore several supplementary insurance options, like scheduled personal property and blanket coverage. These options offer protection over a standard homeowners or renters insurance policy and may be more affordable than you think.
3. Keep your firearm in a secure, discreet storage option. The first step to preventing firearm theft is keeping your guns in a place where criminals can't access them. Just placing them in something locked is no longer enough. A crafty intruder can identify a safe and crack it later if the safe is small enough. It's essential to place them in something secure and more difficult to identify. 

If you need a hidden, locked option to store your firearm, you can explore Liberty Home Concealment's variety of storage flags, wall art and decor. Each piece is handmade in America and specifically designed to keep your firearm accessible to you and you alone. Visit our products page to learn more.