SSAA’s exclusively members-only firearms insurance will cost $30 a year, a rise of $5, from May 1, 2018.
The SSAA Members Firearms Insurance is provided by SSAA Insurance Brokers and offers extensive coverage against theft or damage.
SSAAIB National Manager Trevor Jenkin said that rising costs had brought about the price change.
“For three years we fought to keep the SSAA firearms insurance at $25 but, like the cost of all things, it inevitably must creep higher over time,” he said.
The increase will be effective for new policies from May 1, and from July 1 for renewing members who have recently been sent their renewal forms.
“While you may have other insurance plans, we are confident you won’t find a better deal when it comes to protecting your firearms, even with a $5 increase,” Mr Jenkin said.
“Your firearms and fixed accessories will be covered at home, at the range, while hunting, plus overseas for up to 28 days.”
“You’ll be covered against loss, damage or theft and the excess is still $100 per claim and offers replacement value of an insured item up to five years old, with all other claims being for indemnity value with damage assessed by an approved firearms dealer.
“In addition to the terms you are familiar with, damage resulting from the maintenance of a firearm, scratching and chipping of stocks, and damage caused through lack of proper maintenance of a firearm or wear and tear are not covered.
“Like before, the SSAA firearms insurance will not cover theft where the equipment was not stored in an approved gun safe, other than when the equipment is in use or away from the insured person’s premises.
“Coverage also does not extend to where the insured person or any person or entity to whom the equipment has been entrusted, fails to comply with any law relating to either storage, use or handling of the equipment.
“Despite these changes, when you compare the SSAA firearms insurance to your home and contents policy, which likely has an excess far greater than $100, and may only cover your firearms at home, we think you’ll be surprised at how good the deal is.”
SSAA’s insurance covers all privately owned firearms registered to the member and fixed accessories against:
Accidental loss and damage of the equipment (including while in use)
Malicious damage
Collision or overturning of the vehicle
Fire and extraneous perils
Flood
Theft
For details, visit SSAA Insurance Brokers
