Gun & Firearm Insurance
Protecting a Firearm Colllector's Passion and Investment from Theft Loss Damage
Insurance for Firearms
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.
By investing in dedicated gun insurance, you secure not just the physical items but also the memories and experiences they embody. Whether it’s a family heirloom passed down through generations or a prized possession from your recreational outings, this coverage preserves both your investment and your legacy for years to come. Protect what matters most—ensure that your passion for firearms is met with the security and care it deserves.
Advantages of Insuring a Firearm Collection
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.
Financial Protection
- High-Value Firearm: Firearms, particularly rare, antique, or customized models, can represent a significant financial investment. Specialized insurance ensures these valuable assets are adequately covered against potential loss or damage.
- Accessories and Equipment: In addition to firearms, insurance policies can extend coverage to include scopes, ammunition, storage cases, and other essential equipment vital to responsible ownership.
All-Risk Coverage
- Protection Against Theft and Fire: Specialized insurance provides coverage against common threats such as theft, fire, or other unforeseen events, offering greater security for firearm owners.
- Accidental Damage and Loss: This type of insurance also protects against damage or loss that may occur during transport, usage, or storage, ensuring that you are fully covered in any situation.
Coverage Beyond Home Insurance
Homeowner’s insurance often offers limited or no coverage for firearms, leaving gaps that specialized insurance is designed to fill. Key benefits include:
- Higher Coverage Limits: Many homeowners’ policies lack sufficient limits for high-value firearm collections.
- Inclusive Protection Against Accidental Damage: Standard policies typically exclude claims for damage or loss that occurs outside the home.
- Reduced Deductibles: Specialized insurance often features lower deductibles, maximizing reimbursement for claims.
Legal Compliance and Liability Coverage
- Firearm-Specific Liability: This insurance offers critical protection against legal claims that may arise from accidental discharge or damage to property caused by your firearms.
- Regulatory Compliance: It ensures that your coverage aligns with Canadian firearm laws and regulations, safeguarding proper storage and handling requirements.
Peace of Mind:
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.
What Does Firearm Insurance Cover?
- Firearms and Accessories: Coverage for rifles, shotguns, handguns, antique firearms, scopes, ammunition, and safes.
- Accidental Damage: Protection for damage during transport, use, or cleaning.
- Theft or Burglary: Compensation for stolen firearms and accessories, whether from your home, vehicle, or storage facility.
- Loss During Transit: Coverage for loss or damage while traveling to hunting trips, shooting ranges, or competitions.
- Natural Disasters: Protection against fire, flooding, or other environmental events that may damage your firearms.
- Liability Protection: Coverage for third-party injury or property damage caused by accidental discharge or firearm misuse.
Is Your Firearm Collection
Properly Covered?
START YOUR QUOTE
Fill out our application now to protect your prized collection of handguns, shotguns, rifles, sport firearms and accessories with insurance coverage designed for firearm enthusiasts and collectors like you.
Why a Homeowners Policy Misses the Mark
When it comes to protecting valuable firearms, many homeowners may not realize that their homeowner’s insurance policies come with significant limitations. Here are some key aspects to consider:
Limited Coverage for Firearms:
Homeowner’s insurance policies often impose low coverage limits on firearms, which can leave valuable collections underinsured. This means that in the event of theft or damage, you may not receive adequate compensation to replace your prized possessions.
Exclusions for Specific Risks
Many home insurance policies contain exclusions that could jeopardize your coverage. For instance, accidental damage or loss that occurs outside your residence may not be covered. Additionally, theft of firearms stored in vehicles or at off-site locations might not be included in your policy, further exposing you to potential losses.
High Deductibles
Homeowner’s insurance policies frequently come with high deductibles. This can significantly decrease the payout for firearm-related claims, leaving you to absorb a larger portion of the loss out of pocket.
Legal and Liability Gaps
Most homeowner’s insurance policies fail to provide specific liability coverage for firearms. This means you could be vulnerable to legal claims or liabilities arising from their use or accidental damage. Without proper coverage, you may face significant financial exposure in the event of a legal dispute.
Why Partnering with Us Makes Sense
Whether you’re an insurance broker seeking to expand your portfolio or a collector looking to secure your investments, PCI’s specialized insurance solutions offer peace of mind. By ensuring high-value firearm collections are accurately valued and adequately protected, we provide a comprehensive safeguard against unforeseen risks.
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.
Read our Latest Blog
Insurance for High-Value Items and Collectibles
Our team members bring a lifetime of passionate experience in collecting, which enriches our understanding of our clients’ unique needs and aspirations, especially when it comes to their prized possessions.
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 memorabilia. We encourage you to click on the boxes below to learn more about our exclusive insurance for high-value collections.
JEWELLERY
Jewellery Insurance
Jewellery insurance protects valuable assets against theft, loss, or damage. High-value jewellery insurance offers essential protection for your most treasured items, including engagement rings, diamond bracelets, earrings, custom jewellery pieces, and cherished family heirlooms.
Learn more
SPORTS CARDS
Sports Card Insurance
Sports card insurance is ideal for card collections including rare cards, graded cards, autographed items, or game-used redemption cards. Our sports cards insurance policies may include replacement cost, coverage for display or storage, and protection during transport.
Learn more
WATCHES
Watch Insurance
Whether you own a single Rolex, heirloom timepiece or an extensive watch collection, our watch insurance covers theft, accidental damage, loss and more. Policies may include replacement cost, worldwide coverage, and protection during transit or display.
Learn more
FINE ART
Fine Art Insurance
Fine Art Insurance protects valuable art collections from theft, damage, and loss. We cover paintings, sculptures, and masterpieces and our policies may include replacement cost, transit protection, and specialized coverage for exhibitions or displays.
Learn more
MEMORABILIA
Memorabilia Insurance
Memorabilia could include rare and valuable collectible figures, historic artifacts, sports jerseys or commemorative pieces. Our memorabilia Insurance policies may include replacement cost, transit protection, and specialized coverage for exhibitions, private displays, or storage.
Coming Soon
WINE & WHISKEY
Rare Libation Insurance
Insurance for collections of fine wines, whiskey, spirits, and barrel-aged treasures. Whether stored in a cellar, displayed at home, or in transit, our wine and whiskey insurance policies provide comprehensive protection against theft and damage.
Learn more
VINYL RECORDS
Vinyl Collection Insurance
Insurance for vinyl record collections protects a cherished vinyl collection. Whether it's rare first pressings, colored variants, limited editions, or box sets, vinyl collection insurance ensures their treasures are protected.
Learn more
FIREARMS
Gun Insurance
Gun insurance offers protection for firearms collectors, covering theft, accidental damage, and liability. From rare firearms to sporting guns our policies may include replacement cost, transport protection, and liability for injuries or damages.
Learn more
MUSICAL INSTRUMENTS
Instrument Insurance
Musical instrument insurance protects treasured instruments, from classic guitars to grand pianos and rare violins, against theft, damage, or loss.
Learn more
STATIC VEHICLES
Vehicle Insurance
Static vehicles are showcased to preserve unique vehicles. Our vehicle collection insurance protects extensive collections, including exotic cars, motorcycles, and static vehicles from theft, damage, or loss. We also offer racetrack coverage.
Coming Soon
COINS & CURRENCY
Coin Collection Insurance
From antique to rare minted and commemorative coins we protect coin and currency collections from theft, damage, or loss.
Learn more
COMIC BOOKS
Comic Book Insurance
We protect rare, or limited edition comic book collections with our specialized comic book insurance against theft, damage, or loss. Whether stored, displayed, or in use, our policies ensure these valuable accessories are fully protected.
Learn more