Typically, a homeowner does not pay a higher insurance premium if a gun is present in the home. But gun owners should take heed regarding extenuating factors. For example, if you own expensive or antique firearms, your policy may not cover their full value in the event that your home is destroyed or burglarized.
If an accidental gun discharge in your home injures or kills someone, you could find yourself facing a wrongful death lawsuit or something similar. If you lose the case, you could be responsible for paying monetary damages like attorney’s fees, medical costs, and even loss of expected income. A minimum $100,000 policy is unlikely to cover all of these expenses, so it is important to speak to a Trusted Choice® independent insurance agent as soon as you make the decision to purchase a gun to initiate any necessary changes to your policy.