CCW Insurance

[ronaldrwl]

I didn't see a thread on this.
What CCW insurance are you guys using? Any advice? I know the NRA has some.

[cowboykjohnson]

None... I didn't even know it existed

[Irving]

BigBear started a thread on this late last year. Seemed decent if you can afford it.

[ronaldrwl]

BigBear started a thread on this late last year. Seemed decent if you can afford it.

Don't you sell insurance?

[Irving]

Yes we do. I tried looking into it and seeing which company they were using. I don't remember if I ever found out.

[spleify]

Never heard of this before. What is the insurance for?

[ronaldrwl]

Never heard of this before. What is the insurance for?

If you shoot somebody, even in self defense, it can be very expensive to defend yourself in court. My CCW instructor believed in was nearly mandatory. And not very expensive.

[spleify]

So, are there only certain companys that will offer coverage? Or can I just call State Farm?

Thanks

[ronaldrwl]

That's the question. My instructor only talked about the NRA insurance. And I have vague memories of it costing ~$400 a year???

[spleify]

Interesting. Maybe I will give SF a call tomorrow and just inquire

[ronaldrwl]

Interesting. Maybe I will give SF a call tomorrow and just inquire

Let me know what they say. Hopefull not, "Oh my God! You have a gun? We're dropping your coverage."

[funkfool]

NRA "self-defense" insurance:
http://www.locktonrisk.com/nrains/defense.htm


100K is $165.00 per year
250K is $254.00 per year...

[Irving]

State Farm will laugh at you. I don't think any standard market company would even consider this. You have to find a surplus lines company to do it. Well, you don't, your agent does. The price wasn't all that bad for the amount of coverage and the fact that you had to go through surplus lines to get it.

[ronaldrwl]

I was hopeing for some sage advice on what pitfalls to avoid. I kind of expected everyone would have insurance.

[funkfool]

I thought about it for a while... but finances didn't allow it at the time...
Never got back to it.
There is a local (CSprings) attorney that did a talk at the monthly PPFC meeting a few years back and kind of covered something along these lines... let's see if I can find his card again.

[trlcavscout]

State farm has been pretty gun friendly to me in the past. I had never thought about CCW insurance though.


If you have to shoot someone, make sure they cant change the story.

[mx'r]

Let me know what they say. Hopefull not, "Oh my God! You have a gun? We're dropping your coverage."

Holy Crap.[ROFL2] That sounds like my insurance company..

[theGinsue]

That's the question. My instructor only talked about the NRA insurance. And I have vague memories of it costing ~$400 a year???

Cough! Choke! Gasp!


NRA "self-defense" insurance:
http://www.locktonrisk.com/nrains/defense.htm


100K is $165.00 per year
250K is $254.00 per year...

Okay, this is cheaper than ~$400/yr, but still - this is a lot more expensive than most renters insurance policies, and (in my humble opinion) most apartment renters have a higher chance of getting robbed and dealing with a fire or other form of loss than most CCW holders have of having to place a claim.

I'm just sayin'.

[Irving]

A few electronics getting ripped off from a house might be more common, but going to court over an unlawful shooting, or a lawful shooting where the person lives will cost a lot more. Plus, not nearly as many people will carry CCW insurance as the amount of people who will carry renters insurance, so the money pool is MUCH smaller.

Renters insurance is probably hands down the very best "deal" out there when it comes to insurance policies.

[Fried Chicken Blowout]

While we're on the insurance subject.... I've amassed enough guns and other related equipment that I would be devastated if I had a fire or someone ransacked my house while I'm on vacation. Is there a way to add that on my home owners ins or get separate insurance that is worth the money?

Thanks, Jason

[SSChameleon]

In the interest of full disclosure, I am a State Farm Agent and have a CCW. I would recommend a personal liability umbrella policy at the very least. This is a blanket umbrella policy that will cover your defense cost if you are sued for negligence (i.e. you hit a bystander while acting in self defense or the criminal you shoot sues you claiming they were not going to harm you and you overreacted.)

The Self Defense coverage only pays defense cost if you are acquitted. The PLUP policy will pay if you are convicted and if you acquitted as long as you are being sued for being negligent. I'll call an UW today and get some more detail.

Since the policy covers more than just CCW the rating would be all over the board starting at $99 and going up over $600 per year if you have teenage drivers in the house who have speeding tickets and accidents on their records.

In regard to the gun collection get a Personal Articles Policy and have all your personal firearms scheduled under sporting goods. I've done this with anything that leaves the safe on a regular basis. It covers you with no deductible for theft, fire, or if you accidently drop your elk rifle off a cliff.

It does NOT cover confiscation by law enforcement or a government agency. Cost of this policy is based on a flat rate per $1000 of value and they start at $40 per year. It also does not cover loss while a firearm is being used commercially, so if you are LE and damage/lose a gun on the job you are SOL.

[ronaldrwl]

Thanks for the info. I'll be interested in any more you have.
As I recall, the advise from our instructor was to get more than $100K of coverage. More like $500K or more.

[SSChameleon]

I spoke with a SF underwriter today and here's what we have: If you have a CCW and find yourself in a situation where you use it the liability umbrella will pay as long as it was not a deliberate act. For example, if you are the provocater and escilate the conflict then shoot a guy, then get sued the policy would not cover. (of course from what I read about the CCW insurance that policy would not pay either).

If you used the CCW as intended and the criminal, bystander, or the criminals family sued you would have coverage.

As far as the amount of coverage, the SF umbrella starts at $1,000,000 and goes up to $15,000,000.

[Dusty Johnson]

I spoke with a SF underwriter today and here's what we have: If you have a CCW and find yourself in a situation where you use it the liability umbrella will pay as long as it was not a deliberate act. For example, if you are the provocater and escilate the conflict then shoot a guy, then get sued the policy would not cover. (of course from what I read about the CCW insurance that policy would not pay either).

If you used the CCW as intended and the criminal, bystander, or the criminals family sued you would have coverage.

As far as the amount of coverage, the SF umbrella starts at $1,000,000 and goes up to $15,000,000.

This is quite amazing IMO.. I have an umbrella plan through State Farm and it's nice to know they cover you if you are forced to use your firearm in a self defense situation. Sate Farm insures my home, bike and car. The $1,000,000 umbrella policy only adds $19 a month. Worth every penny IMO.

[XJ]

Good thread, I missed it the first time around. Been meaning to call and talk about updating coverage anyway and adding this umbrella coverage sounds reasonable.

Slightly off-topic...

Local SF agent says I would need to provide complete serial numbers for extra coverage on the collection - is that BS?

[Elhuero]

I'm with USAA and they recommended I keep a secure list of all my firearms and serial numbers, but they didn't demand a copy

[Irving]

Slightly off-topic...

Local SF agent says I would need to provide complete serial numbers for extra coverage on the collection - is that BS?

That is to cover the guns themselves. They make you do the same thing if you have tools that are expensive enough.

[Scanker19]

Wonder if USAA offers it?[Flower]

[ChunkyMonkey]

Personal liability insurance makes so much more sense.

quoted from the NRA site...

• Criminal Defense Reimbursement is provided for alleged criminal actions involving self-defense when you are acquitted of such criminal charges or the charges are dropped.

Since in most cases, you will be accused to commit crime, this insurance will not cover you nor pay for your lawyer nor present you with a lawyer to your best interest. You will only get reimbursed if you are acquitted.

Personal liability insurance in most case will provide you a lawyer who will work for their best interest (minimizing the cost/damage). It usually works so much better. And yep I have been sued once or twice [Tooth]