Watching the prices of "assault weapons"* rise as though guided by Sherpas...has left me with a question regarding insurance. I currently have the bulk of my firearms on a separate Valuable Personal Property policy. It covers replacement at the value I have noted when I add a firearm. Of course everything on my policy was added prior to the current craziness. So my question is...should I amend my policy to reflect current prices, or ride it out and see if the bubble bursts. Amending the policy will raise my premium. But not changing my policy would result in a fairly large loss should something happen. I keep my guns secure in 1000lb safe, but the insurance has always offered a secondary piece of mind. I realize this is a decision I'll have to make on my own...but would appreciate any input. Thanks in advance.
*I hate the term, but use it for sake of conversation.