James M you are not correct. My deductible is $250.00. My policy with Jack at Eastern ( Heritage Firearms Insurance) is less than $350 per year for $100,000 policy. Yes I had to use it once when I had a shotgun stolen. The claim was flat out hassle free. Quick and profesional. I agree with tighting up security, but the insurance covers damage if I fall, damage or theft that happens during shipping, as well as just about anything else you can think of.