SIAI Gun Insurance Explained

How much is gun insurance

Video How much is gun insurance

gun insurance: explain it to me

We believe our gun insurance program is the best in the country. Take a look below to see how our program works and why it’s the best gun insurance you can buy!

annual policy

Our policy is an annual policy, not just for a trip or a season. Once issued, your Certificate of Coverage is valid for one full year and is renewed annually.


Annual cost is only $1.25 per $100 of insured value ($12.50 per $1,000, $125 per $10,000). while other gun insurance providers raise their premiums on a regular basis, our cost has been the same for 20 years. This is scheduled insurance, so you must list each item you want to insure. each item will have an insured value that is used to calculate your annual premium. that way, you’ll know exactly how much insurance you have for each item.

primary insurance

Our policy is primary insurance. therefore, it is not necessary to have a personal effects float in your insured items. This also means that in the event of a loss, you do not need to contact your homeowner’s insurance company or file a claim with them. Your gun insurance policy will pay the full insured value of your loss, with no deductible.

replacement value coverage

For items still in production, your coverage is for full replacement value. this means that in the event of a total loss, we will replace the lost items with the same or equivalent new item. there is no deduction for depreciation. For discontinued items and certain custom items with an agreed value, your coverage is for the full amount shown on the schedule. in the event of a loss, you will be paid for the full scheduled value of your loss without any deduction for depreciation. In the event of accidental damage or breakage to a scheduled item, we will pay to repair or replace it up to the policy limits.

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how to apply

We must receive a written request to provide you with insurance. You can apply by mail, fax, email, or online. Regardless of which method you use, your insurance can start as early as 12:01 AM. m. the day after the day you submitted your application, provided the application is complete, or any later date you request. once we receive your request, we try to issue your certificate of coverage within three business days. delays occur when we receive incomplete applications and when we do not obtain enough information to verify the value of the items to be insured. For this reason and to ensure that your application is accepted, submit your application at least two days before the date you plan to travel with your firearms. Since this is an annual policy that provides a full year of coverage, we encourage customers to apply early so that there is enough time to resolve any questions that may arise. To apply online right now, click here.

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what is covered

Your gun insurance coverage is very similar to floating personal articles insurance (PAF) that you may have as part of your homeowners or renters policy. It is also an “all risk” policy. this means that the policy covers all risks that are not specifically excluded by the policy. the most important thing is scheduled coverage. each item you want to insure must be listed and assigned an appropriate insurable value. In general, a covered loss occurs when an insured item is stolen, lost, or accidentally damaged. after a loss is reported, the insurance company will repair (if economically feasible) or replace the item if it is still being manufactured. For insured items that are out of production, the carrier will pay the insured value.

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who can take out insurance

This gun insurance is available only to members of the four organizations that endorse and recommend it for their members: the Amateur Trap Shooting Association, the National Clay Pigeon Shooting Association, the National Clay Sport Association, the international safari club, the scholastic clay shooting program and the scholastic pistol program. In addition, you must be a US resident. uu. or Canada, although you do not need to be a citizen. once coverage is extended, you must maintain your organization’s membership and resident status for the insurance to remain valid.

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After we receive your application, we try to issue your Certificate of Coverage within three business days. During this process, we may need to contact you for more information, so make sure we have your daytime contact information: phone, email, and cell phone. Part of the underwriting process is verifying the insurable values ​​of your items. we may need to adjust the values ​​you provide. The insurable value for items still being manufactured will be the MSRP (Manufacturer’s Suggested Retail Price). for items no longer manufactured, the insurable value will be the current market value. In general, for current market value we use the 95% condition value from the current edition of the Blue Book of Gun Values. however, we can also accept appraisals, recent bills of sale, and comparable values ​​from the internet.

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payment must be received before a certificate of coverage can be issued. We accept all major credit cards and checks. If you don’t want to include your credit card information on the application, you can call us or ask us to call you.

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effective date

Your effective date of coverage may be as early as 12:01 on the day following the day you apply, regardless of method, as long as the application is complete and payment has been made. however, you can also specify any later effective date.

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your policy

When the underwriting process is complete, we’ll send you a copy of the policy, your Certificate of Coverage, and a copy of your Schedule of Insured Items. You may add or remove items on a prorated basis at any time by submitting your request in writing by fax, mail, email, or by completing the change form on this website.

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frequently asked questions

There is a separate FAQ section on this website which will be updated periodically. You can also call our office (800 925-7767) and our staff will be happy to help you.

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