Gun Floater Insurance
Frequently Asked Questions
What is the Gun Insurance?
This insurance is very similar to a personal articles floater that you can add to your homeowner’s insurance policy. Except, the Sportsman's program is a separate, annual policy that has several advantages: worldwide coverage, all risk coverage, no waiting period, no deductible, primary insurance, full replacement value coverage (for items currently being made), and below market rates. And, our agent, Sportsman’s Insurance Agency (SIAI), works exclusively with firearm and gun club insurance, so you can be assured that they will be able to help you with your questions.
As a shotgun competitor and hunter, what’s covered?
With the Sportsman's gun insurance program, your scheduled items are covered while they are stored at your home, in your locked automobile, as checked luggage on an airline, at your gun club, while you are hunting and while you are shooting. The coverage is quite broad, hence the description “all risk” coverage, meaning all risks are covered except those that are specifically excluded.
What are the exclusions to the All Risk coverage?
The risks excluded from coverage are: theft from an unlocked automobile, theft or damage while at a gunsmith or the factory, while on loan to a non-family member, latent material defects, normal wear-and-tear, bursting or bulging of a barrel, and loss resulting from war, insurrection or confiscation by a governmental authority.
Who runs this insurance program for the ATA?
The ATA, NSSA, NSCA, SCI and Quail Unlimited have arranged for Sportsman’s Insurance Agency of Ormond Beach, Florida, to be our agent for its member insurance programs. Sportsman’s specializes in insurance for gun owners and gun clubs and they have been administering this program since 1991. The founder of Sportsman’s, Hollis Boss, is a former President of the NSSA and the employees of Sportsman’s are well acquainted with the types of firearms and accessories that are used by our members. This program is underwritten by T.H.E. Insurance of Treasure Island, Florida, an A.M. Best”A-” rated company.
Who is eligible to buy this insurance/
Applicants must be a member of the NSSA, NSCA, SCI or Quail Unlimited (member number required) and must be a resident of the United States.
What does the policy cover?
The ATA Gun Insurance program covers only those items that are listed on your schedule of insured items. This means that you must list each item that you want insured and include its value in your premium calculation.
What items can I insure?
Insurance is available for all types of firearms, including custom guns, and also for additional gunsmithing, extra items and accessories. Examples include extra barrels, chokes, choke tubes, aftermarket stocks, adjustable combs and pads, porting, forcing cones, etc. You also can insure gun cases, items carried in your gun case, optics such as rifle scopes, spotting scopes, and binoculars, and even custom engraving.
What items can I not insure on this policy?
You can get insurance for almost every type of firearm accessory and custom work. However, insurance is not available for hearing protection, shooting glasses and cameras.
How do I determine the value of my items?
For items still being manufactured, the underwriter uses the MSRP – manufacturer’s suggested retail price. For items that are no longer being made, you can use any value you choose provided that it does not exceed the 95% condition value as listed in the current edition of the Blue Book of Gun Values. The underwriter will adjust the values on applications to correspond to current MSRP or the 95% Blue Book Value.
What if I don’t know the value of my guns?
The staff at Sportsman’s Insurance Agency can help you with gun values, as well as answer your other questions. You can call them before you submit your application or you can submit it without the values and they will add them for you.
How much information do I need to put on the application?
At the minimum, you must list the manufacturer, model, gauge or caliber, and serial number for firearms. For high volume firearms such as a Remington 1100, it is very important to include the sub-model name and any identifying characteristics such as synthetic stock, chokes, engraving, checkering, etc. For high value and true custom firearms, you should include the grade, and any upgrades such as exhibition grade stocks, case coloring, gold inlays, special engraving, and so on.
What happens to my firearms information, such as models and serial numbers?
This information is kept with your file by the insurer. File information is not shared with anyone outside the insurer’s office and is not accessible via any outside electronic device. In theory, at least, it is possible for a law enforcement agency or court of law to subpoena this information, but this has never occurred during the 18 years this program has been offered.
How are values established for my firearms, custom work, and accessories?
For items still being manufactured, we use the MSRP (manufacturer’s suggested retail list price.) For other firearms, we use the value that you place on the firearm, up to the 95% condition value as listed in the Blue Book of Gun Values. For other items no longer being made, such as out-of-production scopes, we use current market value. We value custom work at the cost you paid or the current retail value as established by the gunsmith or tradesman.
Do I need appraisals or bills of sale?
Generally, these are not required. However, the underwriter will require a recent appraisal or bill of sale for true custom firearms and very high value firearms. Call Sportsman’s Insurance Agency and they can help you determine if you need an appraisal or bill of sale.
How is the premium calculated and how do I pay?
Your annual premium is based on the total value of your insured items. The cost is $1.25 per $100 of value with a minimum annual premium of $25. To calculate your premium, multiply the total value by .0125 and round to the nearest dollar. The underwriter will review your values and may make adjustments. You can pay by personal check or credit card (Visa, MasterCard, Amex, or Discover.) Any overpayment by check will be refunded or you will be invoiced for any additional premium. Sportsman’s will contact you if there is a material difference between the annual premium that you calculate and the amount being charged to you.
What if I submitted my application without values?
If you did not include an estimate of values, Sportsman’s Insurance Agency will calculate the values and charge the premium to your credit card. If you request it, they can contact you with the values and premium before completing the transaction.
What other information is needed?
You must include your home or office address (domestic addresses only), daytime and home phone numbers and email address (if available.) A fax number is optional. If you are paying by credit card, your address must match your billing address. And, all insurance applications require your signature.
When is my insurance effective?
The insurance is effective at 12:01 AM the day following the day that you submit your application by mail, fax or internet – provided that your application is complete (including payment) and all information is included. Or, we can make your coverage effective on any later date that you request. Remember that this is an annual policy that provides a full 12 months of coverage.
What if I am traveling with my firearms very soon?
If you are travelling soon, your application must arrive at the office of Sportsman’s Insurance at least 48 hours before your scheduled departure time (not including weekends and holidays) and you must be available by phone in case they have any questions. If there is a question regarding your application and you are not available or cannot be reached, your application will not be processed.
How long does it take to process my application?
Normally, applications are processed within 48 hours after they arrive at the office of Sportsman’s Insurance (not counting weekends and holidays.)
I had this insurance before, but my policy expired. How do I reactivate it?
If your policy has expired, the underwriter requires that you submit a new application. If you still have a copy of your schedule of covered items, you can submit that with the completed front page of the application, meaning that you do not have to copy your firearms information onto a new form. Remember that values change, so the underwriter may make adjustments to the values on your previous schedule of insured items.
After I apply for insurance, what will I receive?
After your application is processed and approved, you will receive a Certificate of Insurance, a copy of the Master Policy (except when you renew your coverage), and copy of your Schedule of Insured Items. The package also will contain a form to use for change of address and to add, delete, or modify the items on your coverage.
What if I want to make a change to my policy?
Changes must be made in writing and submitted either by fax, email, or regular mail. A change form is included with your policy and Certificate of Insurance. Or, you can just submit your change information in any written form provided it includes your name, address, certificate number and the full details of the changes that you are requesting. Changes are effective the day after postmark or the day after you fax or email the change to Sportsman’s Insurance. Premium adjustments are made on a pro rata basis and Sportsman’s Insurance will refund any overpayments or invoice any additional premium.
What if I purchase a new gun or other item?
New purchases are covered for 30 days, up to 10% of your total policy value. However, we recommend that you submit a Change Form immediately to assure that your new firearm or accessory is fully covered.
How about renewals?
This is an annual policy and Sportsman’s Insurance will mail you a renewal notice approximately 30 days before the date your certificate expires. At that time, you will have the option to renew your policy as it is, with adjusted values as listed in your renewal notice, to add, delete or modify coverage, or to let your coverage expire.
How are claims handled?
Sportsman’s Insurance Agency will handle your claims on behalf of the underwriter. You should contact Sportsman’s immediately when you suspect a loss. They will provide you with a claim form and instructions. Claims are handled by the same personnel that do the underwriting and processing, assuring that you will be treated professionally and that your claim will be processed quickly.