Are your firearms covered in the event of a fire, theft or other loss? The value of just a few firearms can add up fast. Many homeowners or renters insurance policies may not cover firearms or may limit the coverage to an amount below the value of your prized guns. You should read your policy and know the amount of coverage you have. Look for whether or not firearms are covered, coverage limits and whether you have replacement value or a prorated value of coverage. Also review your policy for the documentation that is required to prove ownership in the event of a loss. If you need to add supplemental coverage for your firearms there are some options.