Firearms Insurance?

Bolt action rifles, lever action, pump action, self loading rifles and other miscellaneous longarms.

Re: Firearms Insurance?

Post by winton » 09 Nov 2018, 9:56 am

yoshie wrote:ANZ, they're listed under sports equipment.


Did you have to pay an extra premium?
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Re: Firearms Insurance?

Post by RoginaJack » 09 Nov 2018, 3:52 pm

Update - SSAA General Insurance Brokers (SSAA GIB) currently have facilities in place with QBE and will remain with QBE until 31st March, 2019. However SSAA GIB have already been able to place members firearms insurance etc with another insurance agency under the same terms, endorsements and conditions as QBE.

This is to be effective from 1st Feb., 2019 and all should be in place well before the 31st March deadline.
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Hi Winton, Sorry, SSAA Insurance does cover firearms stored in an approved safe or storage facility. :D
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Re: Firearms Insurance?

Post by yoshie » 09 Nov 2018, 4:11 pm

winton wrote:
yoshie wrote:ANZ, they're listed under sports equipment.


Did you have to pay an extra premium?


I think so, when we re-newed a few years back we did an add up of everything and put our "amount covered" up $20,000. They limit individual items over $1000 unless listed separately like jewellery, big screen TVs, pool tables, pinball tables, art work and sculptures. I think the amount went up but not buy that much. Read the fine print about SSAA insurance, they assume all of your valuables (guns) are covered under existing contents insurance. SSAA olny cover where your content insurance doesn't.
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Re: Firearms Insurance?

Post by RoginaJack » 09 Nov 2018, 8:52 pm

yoshie wrote:. Read the fine print about SSAA insurance, they assume all of your valuables (guns) are covered under existing contents insurance. SSAA only cover where your content insurance doesn't.


?? Where abouts did you find that?

When I was getting quotes from a few companies, firearms where NOT included under contents or Sporting goods insurance and had to be listed and valued separately.
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Re: Firearms Insurance?

Post by winton » 10 Nov 2018, 12:08 am

RoginaJack wrote:
yoshie wrote:.When I was getting quotes from a few companies, firearms where NOT included under contents or Sporting goods insurance and had to be listed and valued separately.


Look up the AAMI PDS. It doesn't specify firearms as content that is excluded. Much like furniture. It does say however that it does not cover unlicensed and unregistered firearms. So one can only interpret that as if you have a license and all your firearms are registered and that you have complied with the laws regarding firearms regulations, cause it doesn't cover illegal activities (eg. illegal storage) then its covered.
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Re: Firearms Insurance?

Post by Sergeant Hartman » 10 Nov 2018, 6:18 am

Wait what makes you say that ssaa insurance expects that the firearms are covered by contents policy at home?

As all of their advertisement say the rain you would get ssaa insurance is that it had 100 dollar excess while contents insurance can have excess of 500 or more
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Re: Firearms Insurance?

Post by RoginaJack » 10 Nov 2018, 10:12 am

Yes but Winton, does it specify that firearms are covered? You see, that's the problem I encountered - firearms had to be listed separately but if you're happy with AAMI go for it.

The point I'm trying to make is that my inquiries revealed that when the insurance companies were asked "does content insurance and/or sporting goods insurance cover firearms, the answer was No", had to be listed separately and insured as such.

I had firearms covered under contents insurance (so I thought) for many years but when the policy was reviewed & updated, I was advised that contents or sporting goods did not include firearms.
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Re: Firearms Insurance?

Post by TassieTiger » 10 Nov 2018, 1:29 pm

I recently had to claim with SSAA insurance (was only with them 6 months!!)and it was easy as could be and absolutely zero stress. For the outlay, excess and service - I’ll be a long standing customer.
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Re: Firearms Insurance?

Post by marksman » 10 Nov 2018, 4:19 pm

TassieTiger wrote:I recently had to claim with SSAA insurance (was only with them 6 months!!)and it was easy as could be and absolutely zero stress. For the outlay, excess and service - I’ll be a long standing customer.


that is good to hear
I think its pretty well known what I think of the ssaa but after looking around for firearms insurance they were pretty good for what I needed as a recreational hunter although there are a couple of things about it that still makes me worry eg.... for there to be an accepted claim there has to be an event? :unknown: so I take my shotgun out to use, that has always worked perfectly fine but when I try and shoot there is a click, a broken firing pin, no lead up to it and no event :unknown: is there still a claim :unknown:

this actually happened to me, I rang them and got the information about "there has to be an event" but that's as far as it went
luckily when I rang my smith about the repair he talked me out of claiming because it was a fairly cheap fix, the splatter gun is in being repaired now :thumbsup:
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Re: Firearms Insurance?

Post by winton » 12 Nov 2018, 3:33 pm

RoginaJack wrote:Yes but Winton, does it specify that firearms are covered? You see, that's the problem I encountered - firearms had to be listed separately but if you're happy with AAMI go for it.

I had firearms covered under contents insurance (so I thought) for many years but when the policy was reviewed & updated, I was advised that contents or sporting goods did not include firearms.


@RoginaJack
The AAMI PDS doesn't specify that "firearms" are covered, but it doesn't say that about clothes or furniture also.

But it does specify that unlicense and unregistered firearms are "Not" covered, so the opposite must be true in my interpretation.

When you speak to the call centre people, they really don't know whats in the PDS itself. They had to go into it there and then and make their own interpretation which I wouldn't rely on anyway.

If your contents insurance PDS says specifically that firearms are not part of sporting goods nor content, then it isn't and its not covered unless there are other qualifying reasons.

In a weird kind of way, the PDS is your friend, cause when you know it, you know what your covered or not covered for cause these things are written in pretty plain english and I think this is where alot of people including myself get caught out, espcially when we don't read it.

I've hardly ever read mine except for recently when I took and interest in getting a non fire rated safe for my firearms since I can't justify the expense of getting the much more expensive safe. I' want to rely on my insurance now.
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Re: Firearms Insurance?

Post by RoginaJack » 12 Nov 2018, 6:30 pm

Hey Winton, AAMI PDS Page 16 para 1 specially mentions furniture and clothes and I also think from memory that Contents are defined by law. Also, the Insurance mobs I spoke with had limits on sporting goods; like max claim, intotal was $5,000 and some had max. claim per item was $1,000 and did not cover sporting goods outside the premises (?). Bit had to surfboard in the lounge room.
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Re: Firearms Insurance?

Post by winton » 12 Nov 2018, 8:07 pm

Your right roginajack. But it does say what they cover is not limited to furnishing or clothing.

However, there's debate whether firearms are or are not Classified as sporting good. Ill have to dig a little deeper.

Edit: my thoughts: firearms can be considered a sporting good if not used for commercial purpose. Ie hunting and recreational shooting. and I'm leaning towards that definition. Checking on aami pds, there doesn't seem to be a limit so that's good.

I guess only way to be sure is to list them. Not really safe, from privacy standpoint.
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