Enter the National Rifle Association. Stories like Balistreris have motivated some gun owners to purchase insurance policies that could cushion their financial burden in the event that they shoot someone. Such policies have been available for years, but last month the NRA announced a new insurance product, Carry Guard, which they marketed to their millions of members online and at their annual meeting in Atlanta. The idea of firearms liability insurance has been previously championed by gun safety advocates on the left, who envisioned insurance as an instrument of public safety that could encourage safer guns and safer behavior. As implemented by the NRA, though, firearms liability insurance has a different functionto insulate gun owners from the expense and other possible consequences of a shooting.
Powell explains that Carry Guard was created to accommodate the needs of a changing culture in the U.S., where more people carry concealed weapons. Theres just been this incredible carry revolution thats taken place over the past eight years, and you know, the NRA started it. We started this in Florida 35 or 36 years ago, passing the first concealed carry bill. And so this is really a response to that movement and our members saying Hey, we need you guys to be the gold standard for training, liability insurance everything concealed carry.
But theres a big catch to implementing risk-based pricing when it comes to guns. To figure out what to charge policyholders, gun insurers would need to know what sort of risk an individual represents, andjust as cruciallythey would need to have actuarial data about the larger population in order to know which factors are risky andUnderwriters do, of course, specify in insurance policies what scenarios they are willing to cover and what they arent. Theres some dissonance here, because the NRAs lobbying activity seems to promote (or at least protect) some of the same activities their insurance product excludes from coverage:
Underwriters do, of course, specify in insurance policies what scenarios they are willing to cover and what they arent. Theres some dissonance here, because the NRAs lobbying activity seems to promote (or at least protect) some of the same activities their insurance product excludes from coverage:
This is not to say that the Carry Guard policy is worthless. Who else but the NRA would, in the event you shoot someone, help to bail you out of jail, pay for the cleanup of stains and biohazards in your home, hook you up with a lawyer and even pay for your psychological therapy?
http://www.politico.com/magazine/story/2017/05/27/the-nra-would-like-to-insure-you-now-215196
Click link for more and what they exclude. I especially liked the one about armed rebellion