Bill to require gun insurance (Read 3407 times)

survivorman

edster48

Re: Bill to require gun insurance
« Reply #1 on: June 03, 2015, 06:42:34 AM »
Right. What's next? Insurance for free speech?

Full Tard. You never go Full Tard.
Always be yourself.
Unless you can be a pirate.
Then always be a pirate.

zippz

Re: Bill to require gun insurance
« Reply #2 on: June 04, 2015, 04:48:22 PM »
Right. What's next? Insurance for free speech?

Full Tard. You never go Full Tard.

Next they'll require insurance for being alive.

oh wait a sec....

eyeeatingfish

Re: Bill to require gun insurance
« Reply #3 on: June 05, 2015, 07:50:27 PM »
Doesn't your homeowners policy already cover your guns?

mauidog

Re: Bill to require gun insurance
« Reply #4 on: June 05, 2015, 08:11:17 PM »
Doesn't your homeowners policy already cover your guns?

If by "your" you mean "everyone who owns a home and pays for property insurance", the answer is "maybe, but more than likely not". 

Home Property policies have limits.  Most high value and/or high theft items have pretty low limits.  Guns, furs (not really here much), jewelry, computers, collectibles, and so on have a limit of, say, $1000 per claim less your deductible.

To cover a modest gun collection valued at $10,000, a Rolex Watch valued at $7,000, and multiple PCs and Macs totaling $6,000, you might need to pay an additional annual premium of around $300 depending on the company for a "policy rider".


Liability is another issue.  Most homeowners policies have about $10,000 to $100,000 in liability insurance if someone is injured on your property.  Slippery steps, cracked sidewalk, rotten tree falls on the neighbor's dog, or whatever.

A gunshot missing the intended target and striking a passerby or neighbor in the yard could run up hundreds of thousands in medical bills, lost wages, and pain & suffering.

If you own a gun and carry it, or if you just have it handy for home defense, it's good advice to voluntarily have a million dollar liability policy. 
An unarmed man can only flee from evil, and evil is not overcome by fleeing from it.   -- Jeff Cooper

eyeeatingfish

Re: Bill to require gun insurance
« Reply #5 on: June 06, 2015, 11:41:36 AM »
If by "your" you mean "everyone who owns a home and pays for property insurance", the answer is "maybe, but more than likely not". 

Home Property policies have limits.  Most high value and/or high theft items have pretty low limits.  Guns, furs (not really here much), jewelry, computers, collectibles, and so on have a limit of, say, $1000 per claim less your deductible.

To cover a modest gun collection valued at $10,000, a Rolex Watch valued at $7,000, and multiple PCs and Macs totaling $6,000, you might need to pay an additional annual premium of around $300 depending on the company for a "policy rider".


Liability is another issue.  Most homeowners policies have about $10,000 to $100,000 in liability insurance if someone is injured on your property.  Slippery steps, cracked sidewalk, rotten tree falls on the neighbor's dog, or whatever.

A gunshot missing the intended target and striking a passerby or neighbor in the yard could run up hundreds of thousands in medical bills, lost wages, and pain & suffering.

If you own a gun and carry it, or if you just have it handy for home defense, it's good advice to voluntarily have a million dollar liability policy.

I agree there, it might be a good idea to have extra liability insurance to cover you. Not a big fan of requiring it though.