NRA Instructor Insurance...Rating It?

[doc540]

I printed out the NRA's 18 page "notice of insurance" and will, most likey, pay an attorney to look it over.

Has anyone actually compared the NRA insurance to other sources?

[sjfcontrol]

Would you consider posting the results of that analysis?

[doc540]

Would you consider posting the results of that analysis?

no problem

but with a disclaimer

[sjfcontrol]

Would you consider posting the results of that analysis?

no problem

but with a disclaimer

No problem!

[Mirage]

The insurance agents I contacted when looking for instructor insurance (six years ago) practically threw me out of their offices. I know times have changed, but most insurance companies don't seem to want anything to do with firearm instructor coverage.
I did have an agent selling other Lockton policies say he will try to see if they will sell it through him. Two things I like, their coverage for NRA classes anywhere and coverage for non-NRA classes (ie. Texas CHL). I have the Instructor Plus policy, but have never had to rely on it.
Good Luck!

[jgalvan]

I would be interested to see how much coverage and how everyone is paying.

[MoJo]

Doc, my associate's brother is an insurance agent. She thought she could get a better deal through him - - - NOT! The best price he was able to come up with was $2,500 annually and less coverage. The NRA insurance is a great bargain.

[sjfcontrol]

Doc, my associate's brother is an insurance agent. She thought she could get a better deal through him - - - NOT! The best price he was able to come up with was $2,500 annually and less coverage. The NRA insurance is a great bargain.

I also looked into insurance thru a broker, and if I recall, also got a quote in the $2500 range. It also included an application with numerous questions regarding the business that I couldn't even begin to answer -- or even understand.

Looked into insurance regarding a gun range a couple of years ago. Although this obviously is more complex than simple instructor insurance, I asked about the difference between insurance that's NSSF endorsed v.s. NRA insurance. This is the gobbley-gook answer I got... (Not particularly helpful. Minimum premium - $4000, includes range liability & general liability, not worker's comp or D&O)

Hi Steven: I asked the Underwriter from JOSEPH CHIARELLO & CO., INC.
your question regarding being NSSF endorsed vs NRA. Her response was,
as follows:

"The most significant difference is that the carrier we write with,
Granite State, is admitted in all states and the carrier writing the NRA
program is non-admitted."

In explanation:
Admitted
Insurance companies that are admitted are to follow guidelines that are
set by the department of insurance (DOI) of the state they conduct
business in. The admitted insurance company's rates as well as their
practices, advertisements and cash reserves are regulated by the DOI and
are prohibited from deviating or modifying any business decisions
without their approval. Also, admitted companies are part of their
states insurance guaranty program, which will pay the claims of clients
belonging to an admitted company that becomes insolvent. Read more:
Admitted vs. Non-admitted Insurance Company | eHow.com
http://www.ehow.com/about_5426527_admit ... rance-comp" onclick="window.open(this.href);return false;
any.html#ixzz0z8aCyMrc

Non-Admitted
Insurance companies that choose to be a non-admitted business are not
required to follow state regulations. They would have to prove to be
financially able to conduct business. They would not have to report
their rates to the DOI and can charge according to their risk exposure.
This allows insurance companies to take on higher risk applicants who
have greater loss potential. Insurance companies that cover flood,
earthquake, liability and other special risks are mostly non-admitted
entities. Read more: Admitted vs. Non-admitted Insurance Company |
eHow.com
http://www.ehow.com/about_5426527_admit ... rance-comp" onclick="window.open(this.href);return false;
any.html#ixzz0z8aLGi8C

[doc540]

I'm going with the NRA insurance.

Thanks for the info.

[Papacub]

I've had the Instructor Plus ins. for three years now. I looked and could not find anyhing comparable to it price wise. I have the million dollar coverage, which when I bought it, it was $360. Now that same coverage is $300. Well worth it in my humble opinion!!

[sjfcontrol]

Would you consider posting the results of that analysis?

no problem

but with a disclaimer

Ever get that analysis done?

[wgoforth]

FWIW, I went to my insurance broker and asked about liability coverage for myself.... they volunteered that I should contact the NRA for their insurance.

[cw3van]

I've had the Instructor Plus ins. for three years now. I looked and could not find anyhing comparable to it price wise. I have the million dollar coverage, which when I bought it, it was $360. Now that same coverage is $300. Well worth it in my humble opinion!!

I agree just purchased the NRA Instructor Plus Ins. for 315 the 15 dollars was a processing fee. Again this forum with the experience of its members has a ton of good information concerning firearms & many subjects for beginning shooters to instructors at all levels. Thanks folks this is just a dang good forum to be a part of.

[Charles L. Cotton]

I just renewed by NRA Instructor's Insurance. As others have said, for $315/annually, everything I teach is covered, not just NRA classes. My CHL classes are covered as well as courses I have designed. I can't recall the title of the extended coverage, but be sure to get that, if you want the policy to cover all of your classes, not just the NRA classes covered by the basic policy. We wanted two levels of coverage because a lot of NRA certified instructors teach only NRA classes and have no need for the additional coverage.

I'm hardly unbiased since I'm on the NRA Board, but I'm also on the Insurance subcommittee and we put out "requests for proposals" periodically so we can make sure we've getting the best coverage available for instructors. Lockton Affinity, the manager for the NRA insurance programs, is also very responsive to our requests for coverage. For example, I wanted a change/clarification in the self-defense insurance and they went to London and got it done. That level of service is virtually unknown in the industry.

Chas.