Live Insurance News

Gun insurance may soon be required by all firearm owning Americans

June 1, 2015May 30, 2015 G. Turner

A new House bill has been introduced that would mean that owners would need to carry liability coverage. House Democrat Rep. Carolyn Maloney (NY) introduced a bill, last week, that would mean that Americans who own firearms would also need to purchase a gun insurance policy to ensure that they have a minimum level of liability coverage. The Firearm Risk Protection Act was opened up to Congress on Friday and would require insurance policies. This gun insurance coverage would need to be in place before a consumer would be able…

Insurance for shooters offered by NRA

January 15, 2014January 13, 2014 Julie Campbell

The National Rifle Association is making coverage available to its members to protect them against legal costs. The NRA has decided to offer a new kind of insurance to its members to help to protect them against the potential legal costs that they could face if they should ever have to use their firearms in self defense. This protection is meant to help the organization’s members to avoid paying thousands of dollars in legal fees. This form of concealed carry liability insurance is meant to help to provide coverage for…

Homeowners insurance bill filed by Florida legislator for gun owners

November 11, 2013November 9, 2013 H. Cutner

This action appears to be made as a pre-emptive strike to regulate the way weapons owners are treated by insurers. Representative Matt Gaetz has now filed legislation that is designed to help to regulate how homeowners insurance companies will be able to treat gun owners, through a bill that is being viewed as a form of pre-emptive strike in Florida. At the moment, application for home coverage do not ask whether or not a gun will be on the property. Within the state of Florida, when a homeowners insurance policy…

Liability insurance requirements for guns up for consideration in Washington DC

March 12, 2013March 11, 2013 Logan B.

Mandatory liability insurance for gun owners proposed in DC Washington D.C. may become the first in the U.S. to make liability insurance for gun owners mandatory. The D.C. Council is currently considering a proposal that would require those that own firearms to purchase and maintain liability insurance coverage. This issue has been gaining more attention in recent months, following a spate of school shootings. Gun control has become a divisive topic throughout the country, with supporters and opponents adopting fairly extreme stances on the issue. The D.C. Council believes that…

Gun insurance proposal in Massachusetts opposed by insurers

March 8, 2013January 19, 2014 Julie Campbell

The controversy in the state continues as Rep. Linsky says that it would help to boost firearm safety. Two groups that have taken on the responsibility of representing the majority of Massachusetts insurers have announced that they oppose a new proposal in the legislature that would require firearm owners to buy a special gun insurance. This liability coverage would be required for owners in the state if the proposal is approved. The reason that they gave for their opposition to the gun insurance is that they do not support any…

Gun insurance still being considered by many state legislatures

February 27, 2013February 26, 2013 Julie Campbell

Liability coverage is being debated by a number of different states for the ownership of firearms. Following the string of shootings across the country – such as that of Newton, Connecticut’s Sandy Hook Elementary School – lawmakers in many states, as well as at the federal level, are considering ways, such as the implementation of gun insurance, for tightening control over the ownership and use of firearms. Many states are hoping to introduce or re-introduce the requirement for liability coverage for owners. For instance, the legislators in Pennsylvania and Maryland…

Gun insurance bill in New York to require liability coverage

February 18, 2013February 16, 2013 H. Cutner

The new proposal from State Assemblyman Felix Ortiz suggests that owners will need to be covered. Bill S2353 has just been introduced into the New York State Assembly by Assemblyman Felix Ortiz (D-Brooklyn), which would make it required for residents of the state to have to obtain liability gun insurance in order to be able to own a firearm. The bill identifies not only the minimum coverage but also the consequences for failure to buy a policy. This new gun insurance bill stated that owners will need to purchase and…