Are you insured?

[KoolBreeze]

It just keeps getting worse. New York Assemblymen want gun owners to pony up for a $1 million insurance policy. If they can't just outright ban them, then they'll make them cost prohibitive to own. Where does it end?

http://www.washingtontimes.com/news/2013/feb/19/ny-bill-would-force-gun-owners-buy-least-1m-insura/

[Longitude Zero]

Other than for loss no I am not and I will never become insured to satisfy the "G".

[Barth]

I think the next move will be it's not insurance - it's a tax.
Obummer Care II

[muggsy]

Umbrella policies aren't expensive. I'm sure that the NRA could provide that type of insurance very inexpensively. Having said that allow me to add, never trust anyone who doesn't trust you to own a gun. Remember those individuals the next time that you go to the polls. Vote the bastards out of office.

[downtownv]

Vote thinking your gun rights not your crooked union leaders!

[wyntrout]

I recently got an Umbrella policy added on to our insurance and all of my guns and accessories are insured... by USAA. They don't insure my ammo supply, though. That might be covered under the house contents... but not those losses due to a series of small, unfortunate explosions... at the range!:D

Wynn:)

[muggsy]

If you can get liability insurance on a car or boat you can get liability insurance for a gun. If your insurance company won't cover you find one that will.

[knkali]

If you can get liability insurance on a car or boat you can get liability insurance for a gun. If your insurance company won't cover you find one that will.

I will check into that but I do want to stress that the use of a car or boat generally does not have the primary intent of causing death. However, the use of a gun does. I will call someone in the industry now and report back.

[knkali]

OK here it is:

A homeowners policy and or umbrella will NOT cover anything that is a criminal act. You are on your own. NOR will it cover any intentional act either. So if you intentionally punch someone in the face, you are not covered nor if you intentionally, read SD, shoot someone in your home or in the street you have no coverage. However, if you are neglegent with your gun, you are covered up to policy limits. So lets say you are handling your gun and it goes off(accidental discharge) and hurts or kills someone or does damage to property, you are covered.

This info came right from an insurance investigator. In light of this information, many could be thinking they are covered in all situations with their gun use when they are not.

Also told that most policies will have minimum limited coverage for loss/theft of guns. Usually most people need to purchase more coverage than what is provided if you have several guns.

[Dogman]

One Insurance I've had for about 3 yrs now is offered thru the NRA for retired LEO's. I think active LE can get it also in case they are out of state and would be involved in a shooting. It would help with the legal fee.

[knkali]

One Insurance I've had for about 3 yrs now is offered thru the NRA for retired LEO's. I think active LE can get it also in case they are out of state and would be involved in a shooting. It would help with the legal fee.

My membership in the NRA has something similar. It seems to me it is prepaid legal service. Kind of an HMO of legal services. I am curious though if you use this service do you need to use one of the policy contracted attorneys or can use use your own?

[Dogman]

My membership in the NRA has something similar. It seems to me it is prepaid legal service. Kind of an HMO of legal services. I am curious though if you use this service do you need to use one of the policy contracted attorneys or can use use your own?

You can use one of your own. That's one reason I got the policy, the wife and I travel out of state a lot and if something happens out of Indiana I still wanted coverage for legal fees. As long as your not involved in any criminal act it will pay up to the amount of the policy.

[knkali]

how much coverage do you get?

[yqtszhj]

Umbrella policies aren't expensive.

They are if you have a teenage driver in the house. Once they get on their own it gets better. I checked in on one. My dad pays less than $100 a year I think. It would cost me I think it was $600 - $700 because of the minor drivers in the house.

[Armybrat]

About 15 years ago I bought an umbrella $1,000,000 liability policy from State Farm.

That might cover some a-hole lawyer's fees.

[Tinman507]

If you have your homeowners and auto insurance with the same company, they'll write you an umbrella cheap minors or no minors. If you have different companies, it gets expensive.

[yqtszhj]

If you have your homeowners and auto insurance with the same company, they'll write you an umbrella cheap minors or no minors. If you have different companies, it gets expensive.

That was what I tried with no success. Well 2 more years and I'll get one cheap:D

[RRP]

NRA insurance was mentioned in this thread. That made me curious, so I checked the level of coverage I get with my membership. Here it is:


$10,000 Accidental Death and Dismemberment
$2,500 Theft and accidental loss and damage of firearms

My membership does not include any sort of liability coverage. YMMV.

[Dogman]

how much coverage do you get?

It starts at $25,000 for $50.00 yearly.
$50,000 for $75.00
$100,000 for $135.00
$250,000 for $205.00

I don't think the price is bad for the coverage.

Just type in your search engine NRA retired officer's insurance and it will bring up the info, this is easier that going through the NRA website.

[knkali]

It starts at $25,000 for $50.00 yearly.
$50,000 for $75.00
$100,000 for $135.00
$250,000 for $205.00

I don't think the price is bad for the coverage.

Just type in your search engine NRA retired officer's insurance and it will bring up the info, this is easier that going through the NRA website.

The reality is you are right. For the price of a couple good meals out on the town per year you can help pay for the legal costs if you pull on some BG. Curious what Zimmerman's legal expense is to date.

[aray]

Maryland is doing this too; there is a bill in the General Assembly right now. It has nothing to do with liability. It has everything to do with making the process of purchasing and owning firearms as draconian and as expensive as possible.

I reject the analogy to insurance on cars and boats. We're talking about a Fundamental Civil Right (ref: Heller and McDonald). Since when have we had to take out an insurance policy to exercise any of our other rights in the Bill of Rights?

Can you imagine a government law that requires a priori insurance before you gave a political speech, or went to church?

[knkali]

Maryland is doing this too; there is a bill in the General Assembly right now. It has nothing to do with liability. It has everything to do with making the process of purchasing and owning firearms as draconian and as expensive as possible.

I reject the analogy to insurance on cars and boats. We're talking about a Fundamental Civil Right (ref: Heller and McDonald). Since when have we had to take out an insurance policy to exercise any of our other rights in the Bill of Rights?

Can you imagine a government law that requires a priori insurance before you gave a political speech, or went to church?

I agree that buying insurance in order to have a gun is ridiculous and I hope not construed as me supporting such in this thread. Besides, I don't understand what insurance they would require us to buy. I am currently checking into buying liability insurance should I use my gun but I cannot find such a thing available to me. Not sure how they will require something that does not exist. Unless the insurance industry creates a product to sell to fulfill a new regulation. If that is the case hang on to your wallets. It will be a rough ride and certainly a tool to keep people financially unable to keep and bare arms..

[Dogman]

I agree that buying insurance in order to have a gun is ridiculous and I hope not construed as me supporting such in this thread. Besides, I don't understand what insurance they would require us to buy. I am currently checking into buying liability insurance should I use my gun but I cannot find such a thing available to me. Not sure how they will require something that does not exist. Unless the insurance industry creates a product to sell to fulfill a new regulation. If that is the case hang on to your wallets. It will be a rough ride and certainly a tool to keep people financially unable to keep and bare arms..

knkali, you might check out www.armedcitizensnetwork.org and see if that would be what your looking for.

[muggsy]

I can't speak for anyone else, but the last thing that I'll be concerned about as a victim of a home invasion is liability insurance. You don't need to be covered for a justifiable homicide.

[ltxi]

I can't speak for anyone else, but the last thing that I'll be concerned about as a victim of a home invasion is liability insurance. You don't need to be covered for a justifiable homicide.

Idealist you be. Even larger concern for those of us who carry is a shooting outside the home.

[knkali]

knkali, you might check out www.armedcitizensnetwork.org (http://www.armedcitizensnetwork.org) and see if that would be what your looking for.

Thanks Dog but not quite what I am looking for since it doesnt give the amount of the grant if in a civil suit and only $10K deposit of legal fees. The NRA's policy is much better in the legal fee area but has no civil suit help.

[knkali]

I can't speak for anyone else, but the last thing that I'll be concerned about as a victim of a home invasion is liability insurance. You don't need to be covered for a justifiable homicide.

There might not be be a conviction in the criminal court but the civil suit could(would) be financially ruining