Does Homeowners Insurance Cover Firearms?

Firearms are covered by homeowners' insurance, but other pricey possessions may have lesser coverage limits if stolen. To boost these limits, you must either list the firearms on your insurance or buy blanket coverage.

Firearms are normally covered under the personal property component of a homeowner's insurance policy, but there may be limits on how much your insurer will cover for certain valuables. That includes firearms. This is because expensive possessions, such as firearms, jewels, and art collections, typically come with special liability limits, sometimes known as sub-limits. In a normal base policy, firearms have a sub-limit of $2,500 for loss by theft. That means an insurer will not pay more if your firearms are stolen from your residence.

Homeowners insurance also includes coverage for personal liability, which pays for legal fees if you are proven liable for injury or property damage. Depending on the circumstances, liability insurance may cover gun mishaps, such as when you are cleaning your gun, and it unintentionally discharges and damages a neighbor's property.

Scheduled Or Blanket Coverage For Personal Property

If you own firearms worth more than $2,500, speak with your insurance provider about adding them to your policy. Scheduling your firearms enables you to enhance coverage limits on particular firearms for an extra price. This coverage also extends to lost or misplaced scheduled items. However, a missing firearm is very different from a missing piece of precious jewelry; you must alert the authorities if your firearm goes.

When Does Homeowner's Insurance Exclude Weapon Coverage?

• In the following instances, homeowner's insurance will never cover you or your firearms:
• If the weapons are damaged by an uninsured peril, such as a flood or earthquake, the coverage will not apply.
• Negligence, normal wear and tear or maintenance concerns can cause damage.
• If you knowingly inflicted bodily harm or property damage with a firearm, you may face criminal charges.
• Illegal acts