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515034s10ring Super Member
Joined: Sep 08, 2005 Posts: 1153 Location: Working my way back up and around
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Posted: Wed Mar 01, 2006 5:26 pm Post subject: Insurance |
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How many of you guys are "required" to take a yearly inventory of your hunting/fishing equipment? I just got a call from my insurance agent and was asked to take inventory (because he knows me ) of new and sold items to update my list.
Shocking now but ya know, i actually remember doing an inventory (for insurance purposes on my hunting and fishing gear) about 10 years ago and back then my hunting related gear outweighed my fishing gear 10:1 for replacment cost/value. Now though, my fishing related items outweighs my hunting related items over 10:1 . From what i understood, firearms have a depreciation value which is basic and standard, however with fishing equipment, it holds a higher value over a broadended amount of time .
Just so you guys know. Insurance companies ONLY give you Blue Book "GOOD OR FAIR" (mostly fair) rates in the event something happens. The ONLY way to insure you get what your firearm is "Actually" worth is by an annual appraisal by a third party, and giving a copy to your insurance adjuster. Make sure you have that appraisal with you at the time of your claim! If you don't take that little extra step, in laymens terms, you are SOL!
Seems pretty crazy huh?
_________________ Why no......I'm really not an outdoorsmsn at all. But i did stay in a Holiday Inn Express last night! |
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1895ss Super Member
Joined: Jul 21, 2005 Posts: 2612 Location: Not Here...!!
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515034s10ring Super Member
Joined: Sep 08, 2005 Posts: 1153 Location: Working my way back up and around
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Posted: Wed Mar 01, 2006 5:35 pm Post subject: Re: Insurance |
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Yeah, because when push comes to shove.......YOU are the one that has to prove the value and will be questioned if you don't have pictures and appraisals.
_________________ Why no......I'm really not an outdoorsmsn at all. But i did stay in a Holiday Inn Express last night! |
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1895ss Super Member
Joined: Jul 21, 2005 Posts: 2612 Location: Not Here...!!
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Bushmaster Super Member
Joined: Jun 12, 2005 Posts: 11393 Location: Ava, Missouri
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Posted: Wed Mar 01, 2006 6:56 pm Post subject: Re: Insurance |
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I was asked once for an inventory of my firearms and told that if I sold any or bought any to let them know so they could remove/add to my inventory. No serial numbers were exchanged unless I lost one. Never have and they have never asked for another inventory. They just send the bill once a year...Of course every thing I own, including my wife, is insured with them...
_________________ I have one nerve left and yer standin' on it...
DEMOCRACY Two wolves and one sheep voting on what to have for lunch...
LIBERTY A well armed sheep contesting the outcome of the vote... |
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1895ss Super Member
Joined: Jul 21, 2005 Posts: 2612 Location: Not Here...!!
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Posted: Wed Mar 01, 2006 6:59 pm Post subject: Re: Insurance |
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I'm the same way Bushy, I have everything, from house to vehicles etc. insured through the same company.
_________________ A cruel truth is much more desirable than a really nice lie.
'Tis far better to walk alone than to follow a crowd or an a**hole going the wrong way. |
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515034s10ring Super Member
Joined: Sep 08, 2005 Posts: 1153 Location: Working my way back up and around
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Posted: Wed Mar 01, 2006 7:22 pm Post subject: Re: Insurance |
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I'm also insured with the same as auto, but knowing, and having worked with a few adjusters, (firearms related) they actually "need" updated information......your items that you're claiming at the time may have a depreciated retail value. And without an appraisal......you really are SOL :(.....
Trust me....i know because i lost quite a bit (before knowing and getting into firearm replacment values) durring a car accident and homeowners only covering a few hundred of a few thousand dollar mangled Beretta rifle (before they went to Sako and when the actions were made by Dakota).
_________________ Why no......I'm really not an outdoorsmsn at all. But i did stay in a Holiday Inn Express last night! |
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Bushmaster Super Member
Joined: Jun 12, 2005 Posts: 11393 Location: Ava, Missouri
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Posted: Wed Mar 01, 2006 7:28 pm Post subject: Re: Insurance |
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Oh darn...You caught me...I lied and boosted the value of my firearms so I wouldn't get caught short if they were removed from my cold dead hands...
_________________ I have one nerve left and yer standin' on it...
DEMOCRACY Two wolves and one sheep voting on what to have for lunch...
LIBERTY A well armed sheep contesting the outcome of the vote... |
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515034s10ring Super Member
Joined: Sep 08, 2005 Posts: 1153 Location: Working my way back up and around
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Bushmaster Super Member
Joined: Jun 12, 2005 Posts: 11393 Location: Ava, Missouri
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515034s10ring Super Member
Joined: Sep 08, 2005 Posts: 1153 Location: Working my way back up and around
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Posted: Wed Mar 01, 2006 8:41 pm Post subject: Re: Insurance |
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Work for....No....never got paid.....well, i did get kickbacks
Worked in collaboration with...Yes
Big difference because i was just basically a contact person on firearm and related information so the insurance company wouldn't get screwed on (for instance) having to pay $1000 for what a claimer said a Bersa .380 was worth
_________________ Why no......I'm really not an outdoorsmsn at all. But i did stay in a Holiday Inn Express last night! |
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Bushmaster Super Member
Joined: Jun 12, 2005 Posts: 11393 Location: Ava, Missouri
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Posted: Wed Mar 01, 2006 8:44 pm Post subject: Re: Insurance |
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Aah...An insurance spy...The worst kind...And what do you think a Colt SAA Second Generation in .357 magnum with 4 3/4" barrel in good condition is worth??? Ser # 41,XXX SA (1968 vintage)
_________________ I have one nerve left and yer standin' on it...
DEMOCRACY Two wolves and one sheep voting on what to have for lunch...
LIBERTY A well armed sheep contesting the outcome of the vote... |
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515034s10ring Super Member
Joined: Sep 08, 2005 Posts: 1153 Location: Working my way back up and around
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Bushmaster Super Member
Joined: Jun 12, 2005 Posts: 11393 Location: Ava, Missouri
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Posted: Wed Mar 01, 2006 8:53 pm Post subject: Re: Insurance |
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Yup...I bet you would...Let me know when you find that sucker...
_________________ I have one nerve left and yer standin' on it...
DEMOCRACY Two wolves and one sheep voting on what to have for lunch...
LIBERTY A well armed sheep contesting the outcome of the vote... |
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1895ss Super Member
Joined: Jul 21, 2005 Posts: 2612 Location: Not Here...!!
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