Gun & Firearms Insurance
Owning firearms is about more than possession; it’s an investment, a commitment to safety, and often, a reflection of your values and interests. Each firearm in your collection—be it a hunting rifle, a historic pistol, or a modern sporting shotgun—holds not only practical utility but also emotional significance, representing your passion and dedication. Your firearms deserve insurance that recognizes their worth and the story behind each piece.
Specialized gun insurance provides comprehensive coverage that safeguards your collection from the unexpected. It protects against theft, damage, and loss due to natural disasters, ensuring that your investment is shielded from potential risks. This tailored coverage not only grants you peace of mind but also allows you to handle and enjoy your firearms without the constant worry of unforeseen incidents.
Protecting Your Firearms: The Importance of Specialized Insurance
Owning firearms, whether for sport shooting, collection, or hunting, involves both financial commitment and responsibility. While many consider securing their homes and assets through standard homeowner’s insurance, they often overlook the unique needs of firearm ownership. Specialized firearm insurance not only safeguards your investment—covering high-value antiques, customized models, and essential accessories—but also protects against a range of risks that standard policies may not cover. By understanding the depths of specialized coverage, firearm owners can ensure both their possessions and peace of mind are adequately protected.
Because Insuring a High-Value Collection Matters
High-value collectors—fine art, luxury vehicles, rare memorabilia, collectibles and jewellery—expect tailored insurance solutions that match the sophistication of their assets. But for many collectors, accessing specialized insurance programs for collectibles can be a challenge, creating gaps in coverage and missed opportunities for peace of mind.
Collectors Should Never Rely On Their Homeowners Policy
When it comes to protecting valuable firearms, many homeowners don’t realize that standard homeowner’s insurance often falls short. These policies typically include low coverage limits, leaving collections underinsured and offering insufficient compensation in the event of theft or damage. Many also contain exclusions for accidental loss or damage that occurs outside the home, such as theft from a vehicle or off-site storage. High deductibles can further reduce payouts, forcing owners to absorb much of the cost themselves. In addition, homeowner’s insurance rarely provides dedicated liability protection for firearms, leaving policyholders exposed to potential legal claims or financial losses. For firearm owners and collectors, specialized insurance is essential to ensure proper coverage, protection, and peace of mind.
Key Features of Firearms Insurance
Responsible firearm ownership extends beyond the physical safety of your weapons; it includes ensuring they are well-protected from unexpected risks. Specialized insurance provides the essential security needed to enjoy your hobby or collection with confidence and peace of mind, allowing you to focus on what you love without undue worry.
Insurance Protection for Growing Collections
Our blanket coverage makes insuring a growing collection effortless. New additions are automatically protected, so there’s no need to update the policy every time something new is acquired. Our team simplifies valuation by covering a collection as a whole, up to a specified limit, without requiring individual appraisals, unless a single item is worth more than $20,000. Most importantly, it gives a collector peace of mind to focus on finding the next treasure, knowing the entire collection is protected by a policy that evolves as the collection grows.
Firearm Insurance FAQ
No, firearm insurance is not legally required in Canada, but it is highly recommended to protect your firearms, accessories, and liability risks. It provides financial security and peace of mind for gun owners, especially for valuable collections.
Yes, many firearm insurance policies can cover restricted firearms, as long as they are legally owned and registered. Prohibited firearms may also be insured if they are legally grandfathered under Canadian law. Always consult your insurer to ensure compliance with regulations.
Many policies can include liability coverage for hunting accidents, such as property damage or third-party injuries caused during hunting activities. This is an important consideration for hunters who may encounter unforeseen risks in the field.
Firearm insurance policies often require compliance with Canadian firearm storage laws, such as using locked safes or trigger locks. Failure to adhere to these laws could result in denied claims, so it’s important to store your firearms securely.
Firearm insurance policies often require compliance with Canadian firearm storage laws, such as using locked safes or trigger locks. Failure to adhere to these laws could result in denied claims, so it’s important to store your firearms securely.
Firearms stored off-site at a gun club or shooting range can often be covered by firearm insurance, as long as proper storage practices are followed. Be sure to disclose this storage arrangement when setting up your policy.
Our policies can be tailored to cover firearms stored at multiple locations, such as at home, a secondary residence, or a secure off-site facility. We'll need to know details about each location.
Firearm insurance typically does not cover confiscation due to changes in government regulations. However, it’s important to stay informed about Canadian firearm laws to ensure compliance and avoid potential loss.
Yes, firearm insurance can include coverage for theft, loss, or damage while firearms are on display at gun shows or exhibitions. Ensure your policy explicitly includes these events if you frequently attend.
Liability coverage within firearm insurance policies can cover accidental discharge at shooting ranges, including property damage or third-party injuries caused by the incident.
Custom or modified firearms are often insurable under specialized policies, as long as their modifications are documented and comply with Canadian laws. Be sure to provide detailed appraisals or receipts for custom work when obtaining coverage.
Antique and historical firearms can be insured under specialized firearm insurance policies. These policies typically account for their unique value, rarity, and historical significance. An appraisal may be required to determine their accurate market value.
Insurance often includes coverage for loss or damage during shipping, whether the firearm is being sent for repair, customization, or appraisal. Ensure your policy explicitly covers transit risks for peace of mind.
Insurance for High-Value Items & Collectibles
Private Collection Insurance (PCI) offers tailored insurance solutions designed to protect a wide range of rare and valuable items including, but not limited to Jewellery, Watches and Timepieces, Fine Art, Wine and Whiskey, Sports Cards, Comic Books, Memorabilia, Vinyl Records, Musical Instruments, Static Vehicle Collections, Coins, Firearms, Purses and Fashion, and other high-value items.
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Private Collection Insurance makes insurance protection simple and seamless. To begin the process, visit our application page to complete the relevant application form or briefly scroll down click to use our Contact Us form to get in touch with our team.