r/canadaguns • u/otowndowno • Mar 19 '26
Misc Firearms and house insurance
Anything special to consider? Do you have some/all of your firearms included as scheduled items?
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u/airchinapilot Mar 19 '26
Firearms are just covered under overall contents value. Unless it is specifically of higher value such as a really expensive item, nothing special needs to be noted. I have asked my broker.
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Mar 19 '26
[removed] — view removed comment
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u/FilterAccount69 Mar 19 '26
It's not covered I've called, you need to include them as scheduled items as OP said. Insurance has coverage under them as "sporting equipment" but won't be covered under general insurance even if you have all the documents. The cost varies but I think for a 10-15k coverage I was quoted an extra 600 or so per year for this.
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u/Lopsided_Ad3516 Mar 19 '26
Depends on the insurer. I work for one and we'd cover your contents, firearms included. If you happen to have a collection of rare or antique ones, that's where you'd want to schedule.
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u/FilterAccount69 Mar 19 '26
Do you know which insurers would do this because I'd switch my condo insurance to them.
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u/RelativeFox1 Mar 19 '26
My house had $14,000 worth of stuff stolen. Lamps, meat, cheese, clothing, blankets, jewelry, electronics, firearms, you name it. I put the 2 firearms on the list of items, insurance paid me the depreciated value just like everything. I took that money bought them again and they paid the difference. They even bought me new trigger locks. They were a Winchester sxp defender ($450) and a marlin 795 ($275?) and a $40 scope.
Things I learned, ask if there is a limit to any items. In my case there was a $5,000 limit to collections unless it had been arranged prior. Have your jewelry appraised periodically.
The police and insurance did not care firearms were stolen.
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u/OkBurner777 Mar 19 '26
I’ve heard the same for stolen NR firearms. They don’t care much.
They seem to perk their eyes and ears up if they’re R’s though
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u/RelativeFox1 Mar 20 '26
This officer didn’t care about anything.
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u/OkBurner777 Mar 20 '26
Yeah, a (very well off) family friend had a Ram 3500 back into his house, tie a chain around his gun safe, and make off with 15-20 NR’s and R’s (from back in the AR days). Expensive stuff too.
They said “oh well they’re prob in Kelowna now”.
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u/1969Malibu Mar 19 '26
You can get a standalone policy just for your firearms as an fyi https://acera.ca/personal/firearm-insurance/
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u/number75 Mar 19 '26 edited Mar 19 '26
You should definitely check the wordings of your policy or your insurance agent to see if there's coverage for sporting goods and equipment, if there's any special limits for your policy for such items, and if you're being covered on replacement cost basis or actual cash value.
If you do schedule a firearm, you can typically schedule it for Replacement Cost basis and with a lower or zero deductible. They may or may not require bills of sale as a part of scheduling, but you should be hanging onto those for warranty sake anyways. I've also occasionally heard of appraisals being needed, but that would have to exceeded a certain value (I think usually 5k?) before they require it.
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u/Unlikely_sniper Mar 19 '26
My insurance company only wanted a value, not an itemized list of the guns.
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u/gangstaeckz Mar 19 '26
Can confirm, our broker said it's within the contents of the house. Unless the firearms were/are of significant value (like 10k or something) they didn't require any extra coverage.
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u/New_Patience_8938 Mar 19 '26
Some insurance plans will only cover a certain $ amount worth of firearms in case of loss of fire/theft. You can purchase additional coverage if your firearms go over a certain amount of $ value.
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u/scottsuplol Mar 19 '26
I asked my insurance company you can put coverage on them up to a certain point but they needed proof of what was there, they wanted them appraised and it was gonna cost like 200 dollars more a year. Really just wasn’t worth it
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u/SecureNarwhal Mar 20 '26
I just make sure that the value I'm insured for includes the value of my guns.
And watch out for special limits clauses, I had one policy that had a 5k limit for sporting goods which included firearms.
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u/black_covfefe_please Mar 23 '26
It is going to depend on the total value. Most home insurance policies will have a max payout for things like collections (usually somewhere between $2k and $10k). If your total value of firearms is over $5k, you should definitely check your policy. You may need a special rider to fully cover replacement.
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u/real_draft Mar 19 '26
Rule of thumb, the fewer people that know you have firearms, the better