Had a marlin 60 that my dad bought me in 1971 stolen from my house in 1984. 6 months ago at a gun show a floor trader sold it back to me for $115. It was MY gun! Messed with him a little and told him he was selling stolen property and was going to have him evicted from the show for life! He was very appologetic and told me he did not know it was stolen. No biggy i told him. Just amazed to get it back.
What happens in the event of an insurance payout? Are you given the option of buying the firearm back from the insurance company?
I have a couple of family heirlooms insured and if they were stolen and recovered even 6 months later I'd like to get them back and give the value of that gun back.
My insurance company refused to cover my guns so it was good that I got them back, but yes you'd have to pay them back.
I had four handguns stolen in 1994. I still get a phone call once a year from the local PD asking to confirm if they are still missing. That keeps them in the system. At this point it would be a miracle if they were recovered. Sucks too cause they were three Colts, a 1911 Officers Enhanced, an Officers Double Eagle and a Government 380 and a S&W 625 5". All stainless.