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Your rifle,even with your 252 serial number does not mean it is pretty rare.

There were more than 317,000 Mk I MLE rifles produced and nearly 600,000 Mk I* MLE rifles. Yours falls into the category of having a low serial number and one of 917,000 produced. A very collectable rifle indeed, but by no means rare.

I have a No4 MkI cruciform bayonet made by Singer Sewing Machine. It is one of 75,000. It is highly collectable but not rare. I also have a No7MkI/L Land Service swiveling pommel blade bayonet intended for the MkV submachine gun but will also fit the No4Mk1 Enfield.  It is one of  2500 out of 25,000 made by BSA.  Very collectable in its own right but still not rare. 

Again Big B, you have a very collectable and sought after rifle and in pristine condition would fetch a handsome sum of money. The low serial number does not mean rare, just very collectable...

I have no clue what this kind of gun is worth, I guess it is whatever someone will pay.   What should I mark down for insurance value? Any idea? Just a ball park would work, I have seen some Enfield for $600 and some for $2500. I have no clue. 

Thanks form being patient with me, the enfield rookie I am!

I myself could not even hazard a guess on a price. 

A MK1 MLE in 7-9/10 condition which is average for what I`ve been seeing over the last couple of yrs are in the range of $1500- $2500

And to get that, the rifle has to be original original original, matching numbers through out, not mismatched sported or refurbished.

Best to get an appraisal though, and like all things, firearms values fluctuate, more so here in Canada lately.

Thanks!

Actually, you do have a clue.  What did you pay for it?  That's the value number.

What is it worth to someone else?  That's an entirely different question.  You won't know that number until you sell it.  It might be more than you paid for it - it might be less.

Your insurance people don't care if it's worth $500 or $5000 - should a loss (theft, fire, etc.) occur, you'll get the market value at the time of the loss.  Paying extra to put $5000 insurance on a $500 rifle just means you're paying premium for something you'll never get - $5000 for a $500 rifle. 

Lastly, if you're in the USA, your standard homeowner's policy covers firearms for things like fire and theft.  It's just stuff - no different than a box of tools in the basement. Look at your "contents" coverage (also called "unscheduled personal property" - it's usually the third line (coverage "c") with a dollar limit after that.  That's the policy limit on all your "stuff".  

I wouldn't sweat it.

^^^^This^^^^

I've greatly extended my collection the last three years and have picked up, among others a Fulton regulated No.1 MkIII*, an MLE MkI*, a C.L.L.E., and a Ross MkIII all of which are in 9.5/10 condition or better. You pay a premium for rarity in condition as much as you pay a premium for rarity in numbers.  The first three were all in the $2,000+ USD range, the Ross was over twice that due to two other bidders wanting the Ross as badly as I did.  It should be in a museum.  I've documented the condition and prices paid for the rifles should I experience a loss and I've discussed their value with my insurance agent.  They suggested I get an expert appraisal to which I responded I'm probably the only expert within 500 miles who can accurately gauge their value.  They agreed to accept my valuations.