Does Homeowners Insurance Cover Firearms?

A standard home insurance policy will protect your home’s infrastructure and belongings in the event of a destructive event. In addition, homeowners insurance policies tend to be all-encompassing — meaning that the coverage includes not only damage to your property, but also liability coverage. This coverage will cover you for any injuries and property damage to others caused by you or a home resident.

While most homeowners are familiar with the unique advantages and benefits of homeowners insurance, the uninitiated may be wondering if it will cover their firearms.

Common Homeowners Insurance Firearm Coverage

The average homeowners insurance will typically cover firearms since they are part of what constitutes your “personal belongings.” However, because of the stringent policy limits that firearm coverage is subjected to, the standard homeowners insurance policy takes a conservative measure when it comes to covering firearms. 

Frequently Asked Questions on Firearm Coverage

• Is the firearm covered for damage or loss? Traditional homeowners insurance will only have coverage for theft as a loss. Therefore, you are covered if your firearm is stolen. If you’ve carelessly misplaced or lost your firearm, then you’re out of luck. Also, if you are a collector of firearms that surpass a certain value, then your coverage limits may be insufficient. However, you do have the option of purchasing optional add-on coverages that will have a more comprehensive approach in covering the cost of your firearms, not only from theft but also from damage due to an insured natural disaster.
• Does coverage exist if someone uses the firearm to injure a third-party? If a claim has been made to the insured person for damaged stemming from bodily injury or property damage caused by an occurrence, then your insurance will pay up to their limit of liability for the damages in which you have been deemed liable. There might be exclusions depending on the policy.

Quality Firearm Coverage from Corkhill

Insurance is about protecting you, your belongings, and your family, so contact the experts at Corkhill Insurance Agency to purchase a policy that does just that. An independent insurance company that specializes in homeowners insurance and add-on coverage that can protect your firearms in the event of loss or covered damage, Corkhill Insurance Agency can give you helpful, thoughtful advice and provide you with coverage and peace of mind. To learn more about our homeowners insurance options, please give our Orlando offices a call at 407-898-8891.