What is the common coverage limit for firearms under a standard Homeowners Policy?

The common coverage limit for firearms under a standard Homeowners Policy is typically set at $2,500. This limit applies to the theft or damage of firearms along with other valuable items within the home. It is important to note that this coverage is part of personal property protections that help homeowners manage their risk for items at home.

This coverage limit reflects the underwriting practices of insurance providers, which help balance providing adequate protection for personal property while managing overall risk to the insurance company. Policyholders who own valuable collections of firearms may choose to purchase additional coverage or add a rider to their home policy to extend protection beyond this limit, ensuring they have adequate coverage for their specific needs.