State Farm Insurance cancels policy of Firearms Manufacturer.

[CoGirl303]

State Farm Insurance is cancelling anyone that manufactures firearms.

https://www.facebook.com/AlexProFire...41821045959572




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[GeorgeandSugar]

Looks like an existing policy which their cancelling. Why now? Preemptive for fear they might get sued one day? This is getting crazy.

Too bad, our political class cannot address the criminal thug element in society whereby we own firearms for self-defense to name one reason and the underlying reasons and causes associated with criminal activity and these school shootings lately. It is not the firearm that is the problem.

I asked my own HO policy about a home invasion (not likely, but a question nevertheless I wanted to have answered) and if a firearm was used and someone was injured or killed (the perpetrator) if there was coverage for liability (wrongful death) under PIP (personal injury injury protection) or general liability. No answer via email. Next step is a call.


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[Great-Kazoo]

Looks like an existing policy which their cancelling. Why now? Preemptive for fear they might get sued one day? This is getting crazy.

Too bad, our political class cannot address the criminal thug element in society whereby we own firearms for self-defense to name one reason and the underlying reasons and causes associated with criminal activity and these shooting shootings lately. It is not 5e firearm that is the problem.

I asked my own HO policy about a home invasion (not likely, but a question nevertheless I wanted to have answered) and if a firearm was used and someone was injured or killed (the perpetrator) if there was coverage for liability (wrongful death) under PIP (personal injury injury protection) or general liability. No answer via email. Next step is a call.


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No they are not, outside a basic coverage if any. That's one of the reasons for this discussion.

https://www.ar-15.co/threads/161050-Insurance


My agent did some research with the ins company, a few since she was also curious about coverage. Outside some vague wording, when trying to get a solid Yes or No. Every company was evasive failing to commit an answer that would show or not said coverage.

IMO the less your home owners knows, the better. Especially in today's knee jerk reactionary business world.

[Bailey Guns]

I don't recall State Farm every covering a firearms business. When I opened my shop I was with State Farm (auto and home). When I asked my agent about business coverage she told me they didn't offer coverage for pretty much any small business. It wasn't just firearms. It's a pretty specialized area and not every insurance company provides coverage for that. I just called the NRA and they recommended a commercial insurer that specialized in the gun business.

I'm not gonna get all sideways with State Farm over a FB post and a vague statement in a letter. There are plenty of other reasons to dislike State Farm.

[CoGirl303]

I don't recall State Farm every covering a firearms business. When I opened my shop I was with State Farm (auto and home). When I asked my agent about business coverage she told me they didn't offer coverage for pretty much any small business. It wasn't just firearms. It's a pretty specialized area and not every insurance company provides coverage for that. I just called the NRA and they recommended a commercial insurer that specialized in the gun business.

I'm not gonna get all sideways with State Farm over a FB post and a vague statement in a letter. There are plenty of other reasons to dislike State Farm.

If that was the case then why would they even issue a policy in the first place? or accepted payment?

They would have just said they don't offer that type of ins to begin with and there would be no policy to cancel.


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[Irving]

Looks like an existing policy which their cancelling. Why now? Preemptive for fear they might get sued one day? This is getting crazy.

I asked my own HO policy about a home invasion (not likely, but a question nevertheless I wanted to have answered) and if a firearm was used and someone was injured or killed (the perpetrator) if there was coverage for liability (wrongful death) under PIP (personal injury injury protection) or general liability. No answer via email. Next step is a call.

You're inferring way too much about why the policy was canceled. It was canceled because State Farm doesn't insure that type of business. If this was an existing policy for this person it looks like they added a home business that doesn't fall under the umbrella of what State Farm covers.


As to your question, you're agent can try their best to advise on what is covered based on their experience and understanding of the policy, but a call to the company will get you nowhere. The insurance company will investigate coverage when a claim is filed. They do not engage with theoretical situations with insureds as they have their hands full with real claims. PIP, as is suggested by the name, is for an injury yourself, and I believe is an auto coverage, but it's been many years since I dealt with homeowners insurance, and Colorado has not used PIP for many years now. You may have an older policy that still uses PIP instead of MedPay. An injury to another person would be covered by your General Liability, if there was determined to be coverage for whatever happened. Insurance policies don't cover criminal acts, so if you are involved in a bad shoot, your insurance is not likely to back you, for example.

If that was the case then why would they even issue a policy in the first place? or accepted payment?

They would have just said they don't offer that type of ins to begin with and there would be no policy to cancel.

The words of the letter very clearly state that "unable to provide coverage you requested in your application because..." So the company is saying "no" to begin with.

Pretty much anything that isn't low risk retail is going to have to be addressed by surplus lines carriers.

[GeorgeandSugar]

If that was the case then why would they even issue a policy in the first place? or accepted payment?

They would have just said they don't offer that type of ins to begin with and there would be no policy to cancel.


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Exactly my thoughts.


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[BPTactical]

I don't recall State Farm every covering a firearms business. When I opened my shop I was with State Farm (auto and home). When I asked my agent about business coverage she told me they didn't offer coverage for pretty much any small business. It wasn't just firearms. It's a pretty specialized area and not every insurance company provides coverage for that. I just called the NRA and they recommended a commercial insurer that specialized in the gun business.

I'm not gonna get all sideways with State Farm over a FB post and a vague statement in a letter. There are plenty of other reasons to dislike State Farm.

Ayup.
When I hung out my shingle my homeowners (SF) would not cover a home based business regardless of business type.
I could have sold Cabbage Patch dolls and they wouldn't have covered it.
Neither would American Family when I switched to them.
This is nothing new.
I swear at times the right side of the coin is as guilty of "virtue signaling" and drama mama bullshit as the left side of the coin.

Like Bailey said, a call to the NRA put me on the trail to J Chiarello, they insure firearm related businesses exclusively.

[JohnnyEgo]

Bailey is right. Commercial insurance is often a specialized product tailored to the specific industry. Most of the large P&C carriers offer business policies for things like doctors and lawyers offices, small retailers, and convenience stores. Firearms manufacturers and retailers need commercial products tailored to their risks, not a generic business policy. Most of the majors don't knowingly write for tattoo parlors or barber shops either. Simply don't meet the underwriting criteria. Sometimes the nature of the business isn't clear on the application, and when it becomes clear that it doesn't meet the contract terms, it gets dropped. I do not know the circumstances behind this case, and if I did, I wouldn't comment on them. But my guess is that this is the result of an underwriting review, and not a change in social policy.

[DenverGP]

There are plenty of actual attacks on 2nd amendment rights, we don't need to go looking for them where they don't exist.