Homeowners Insurance & Your Firearm

Owning a firearm is a major responsibility and requires significant insurance to go along with that responsibility.

Minnesota Homeowners Insurance, Minnesota Firearm SafetyIf you own a firearm, it’s a good idea to know what kind of coverage is available under the standard home insurance policy. You will need to consider both the personal property and the liability aspects of the policy. The property portion of your policy will cover your firearms if they are stolen or destroyed, whereas the liability coverage applies due to the accidental discharge of a firearm causing injury up to the limits of the policy; typically $100,000 to $500,000.

Like many items that are small, valuable and easily transportable, firearms are subject to a limit. In many cases, the firearm sub-limit is $1,000 – $2,500. If you need more coverage than is normally available on the home insurance, you’ll have to look for more specialized coverage. Your options will be to add a “rider” to your existing home policy; or you can purchase a separate, stand-alone policy. Riders are very common for items such as jewelry and antiques. In the case of firearms, you will need to ask your agent just how much coverage you would have. Because of the risk factors associated with firearms, it would be beneficial to purchase an Umbrella policy which provides additional liability protection.

A few tips for firearm storage and safety:

  • Store guns safely and securely to prevent unauthorized use.
  • Guns and ammunition should be stored separately.
  • Use a trigger or cable lock so it can’t be fired.
  • Store unloaded in a lockable container.
  • Don’t store firearms where visible.
  • Don’t store firearms with other valuables such as jewelry or cameras, etc.
  • If you have children, be EXTRA vigilant for obvious reasons.

On average, one Minnesotan dies every day by firearms while others suffer injuries. Firearms are the state’s second leading cause of traumatic brain injury deaths.

Sources: homeinsurance.org/firearms
iinc.org
Minnesota Department of Health

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Travel Trailer Insurance

Travel Trailer Insurance by Insurance AdvisorsDon’t let your adventure be interrupted with worry. Your auto or homeowners policy may not adequately cover your travel trailer and surroundings. Lucky for you, your Insurance Advisors Agent can help you choose the right policy for your travel trailer, so you can go out and enjoy the outdoors while someone else takes care of the paperwork!

Comprehensive Coverage

This is included with our travel trailer policies and is not automatically included in your typical auto insurance policy. This provides protection from just about any direct, sudden, and accidental loss including collision, fire, smoke, floods, landslides, hail, windstorms, animals, vandalism, low branches or overhangs, theft and lightning. Foremost also includes coverage for attached accessories including awnings, satellite dishes, and TV antennas. Some c overages are optional and subject to company approval.

Total Loss Replacement Coverage

This option can save you literally thousands of dollars when compared to typical auto policies which pay only the Actual Cash Value of your travel trailer at the time it’s destroyed. You are protected from the effects of depreciation if your new-model travel trailer is destroyed within its first five model years and  you are the original owner.

Additionally your personal belongings are covered for replacement cost as well. Talk to your agent about details.

Emergency Expenses Coverage

Pays for lodging or travel home if your rig is damaged or destroyed by a covered loss more than 50 miles away from home.

Towing and Roadside Assistance

“TraveLine” eliminates the hassle of buying a separate towing plan. Towing, jump starts, roadside service etc. are just a toll-free phone call away.

Campsite/Vacation Liability Coverage

Provides liability coverage when you are parked and using your travel trailer as a residence, typically seasonally or weeks at a time.

Full-Timer Coverage

This is a coverage very similar to a homeowners insurance policy. This option also covers you when you are parked and using your fifth-wheel as a residence for extended periods of time.

Stationary Travel Trailer Program

This option gives you extensive comprehensive contents coverage if you use your travel trailer as a seasonal or permanent residence.

If you are a “snowbird” or just traveling to enjoy the fall colors – Contact Insurance Advisors if you have any questions.

Source: Foremost Insurance Group