Another gun law to add to the sticky. 1 million in liability insurance if you own a gun
- Thread starter Saltwater60
- Start date
repete
.338 Win Mag
So only the well off could afford the policy and the rest of us would have to dial 911. It would also be a back door registration and premises inspection.
Steal2B
.700 Nitro Express
prambo
.475 A&M Magnum
Human offal.
Jmac00
.475 A&M Magnum
uuum didn't they just say we CAN NOT HAVE INSURANCE? because that would give us all a reason to start shooting up the state
Acer-m14
20×102mm Vulcan
they said i cold keep my Doctor too .. then he retired and passed away .. ..WTF ..
just can't have NRA insurance ... you know there brand causes shootings i guess ..
just can't have NRA insurance ... you know there brand causes shootings i guess ..
Steal2B
.700 Nitro Express
Nah. They just said we can NOT have insurance to prevent us from having to sell our home and cash out our 401k to get a defense lawyer after some violent predator breaks in our home and tries to kill our family. This insurance we NOW MUST have because it is to buy a house for the wailing mother of the misunderstood repeat felon who was not as good of a shot as they thought they were. It also buys a new vacation home for her leeching ambulance chasing lawyer.
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Jmac00
.475 A&M Magnum
Im going to get insurance all right, these assholes are insuring I getting outa here
Deplorable Me
.700 Nitro Express
Didn't Cuomo say the NRA couldn't sell insurance in NY?
eris
.45 acp
Silly person. Don't you know that guns are only for the rich elite who rule the country? Peasants should not have them.
96coal449
.308 Win
So what do they think is going to happen.
Go door to door confiscating guns that have no proof of insurance?
GOOD LUCK WITH THAT
FUNY
Go door to door confiscating guns that have no proof of insurance?
GOOD LUCK WITH THAT
FUNY
What insurance company will take this risk in a state that believes guns are only used for murder?
Also, are gangbangers and criminals going to need to have this insurance?
Because they are the ones commiting 100% of the crimes the state is trying to stop.
Also, are gangbangers and criminals going to need to have this insurance?
Because they are the ones commiting 100% of the crimes the state is trying to stop.
Modean
.223 Rem
You think the authors of this bill care? They don’t want you to have insurance, they want you to not have guns.
Can you say poll tax? Clearly unconstitutional on its face.
96coal449
.308 Win
FIFY
Blimey
.450/400 Nitro Ex
Yes, he's just trolling the state.
minderasr
6.5 Creedmoor
I carry my insurance on my hip.
ArmedCorgi
.475 A&M Magnum
The state isn't trying to stop any crime. They are trying to create it.
Modean
.223 Rem
I would hesitate to say that in this state. I hope you are right.
livingston
20×102mm Vulcan
why ?
livingston
20×102mm Vulcan
Will Your Homeowners Insurance Cover Firearms
A lot of people either own a gun or live in a household with someone who does. But unfortunately, even many long-time firearms owners have never taken the time to consider the insurance and liability implications of having a firearm in their home. Guns are both valuable and potentially dangerous objects. Because of the dual factors of value and risk, it’s critically important for gun owners to make sure they understand how guns and insurance go together so they can take appropriate steps to protect themselves as well as their firearms.
Does gun ownership raise my homeowners insurance rates? Do gun owners need special insurance policies or riders? Will owning guns lead to the possibility that my policy may be cancelled or declined? Owning a gun or guns can lead to a lot of insurance questions. Let’s answer these questions and clear up some of the misconceptions.
What’s covered by your homeowners Policy?
Your traditional homeowners policy generally covers guns under Personal Property. While the coverage is not excluded, there is usually a “sub limit” for special items like firearms. Firearms typically have a limit of $2,000 – $3,000 depending on the insurance carrier. This means that if your gun(s) are stolen, or lost or damaged in a catastrophic event you will receive up to only the maximum limit regardless of the number of firearms stolen or the value of the guns. This dollar amount may vary slightly depending on your insurance carrier.
It’s important to consider the cost of the firearms themselves. Gun owners with a single gun or hunting rifle may not find this to be an issue. Gun collectors, or individuals with multiple firearms may find this to be woefully inadequate. Because your personal property coverage is a percentage of your dwelling coverage, you’ll also want to consider how much these high-value items would eat into your total coverage limit if they were lost in a catastrophic event.
Options for additional coverage
Will Your Homeowners Insurance Cover Firearms | Foundation Insurance Group
A lot of people either own a gun or live in a household with someone who does. But unfortunately, even many long-time firearms owners have never taken the time to consider the insurance and liability implications of having a firearm in their home. Guns are both valuable and potentially dangerous objects. Because of the dual factors of value and risk, it’s critically important for gun owners to make sure they understand how guns and insurance go together so they can take appropriate steps to protect themselves as well as their firearms.
Does gun ownership raise my homeowners insurance rates? Do gun owners need special insurance policies or riders? Will owning guns lead to the possibility that my policy may be cancelled or declined? Owning a gun or guns can lead to a lot of insurance questions. Let’s answer these questions and clear up some of the misconceptions.
What’s covered by your homeowners Policy?
Your traditional homeowners policy generally covers guns under Personal Property. While the coverage is not excluded, there is usually a “sub limit” for special items like firearms. Firearms typically have a limit of $2,000 – $3,000 depending on the insurance carrier. This means that if your gun(s) are stolen, or lost or damaged in a catastrophic event you will receive up to only the maximum limit regardless of the number of firearms stolen or the value of the guns. This dollar amount may vary slightly depending on your insurance carrier.
It’s important to consider the cost of the firearms themselves. Gun owners with a single gun or hunting rifle may not find this to be an issue. Gun collectors, or individuals with multiple firearms may find this to be woefully inadequate. Because your personal property coverage is a percentage of your dwelling coverage, you’ll also want to consider how much these high-value items would eat into your total coverage limit if they were lost in a catastrophic event.
Options for additional coverage
Will Your Homeowners Insurance Cover Firearms | Foundation Insurance Group
livingston
20×102mm Vulcan
How Does An Umbrella Policy Work And How Much Does It Cost?
How Does An Umbrella Policy Work And How Much Does It Cost?
Posted by Financial Samurai 81 Comments
We’ve talked about all the different types of auto insurance. I’d like to now talk about whether you should get an umbrella policy given this was the most brought up next step in the comments section. An umbrella policy is also known as a personal liability insurance.
When you’ve spent a lifetime building assets for your retirement, the last thing you want is to get sued for all your’re worth. Accidents happen all the time and the more you are worth, the more the injured person will go after you. If someone in a $160,000 Porsche 911 Turbo GTS runs you over after running a red light, you’re probably more inclined to hire a lawyer and sue for big bucks than if you were run over by a 1985 Honda Civic!
Auto insurance policies only cover so much. My auto insurance policy has a maximum $500,000 liability per accident. I could get more liability, but the increase in premiums would make my insurance less worthwhile. My car is only worth about $5,000 max. Because I have assets over $500,000, I elected to get an umbrella policy to cover the rest of my net worth.
The chances of getting sued for over $500,000 is slim because: 1) I’ve got to be found negligent in the accident, 2) I’ve got to create massive damage in the accident, 3) The victim needs to go through the process of suing, 4) The victim needs to win, 5) Cases are usually settled out of court for less, 6) I drive half the national average, 7) I’m a pretty careful driver with a slow car, and 8) I’m a nice guy! Unfortunately, even nice guys get unlucky sometimes.
How Does An Umbrella Policy Work And How Much Does It Cost?
How Does An Umbrella Policy Work And How Much Does It Cost?
Posted by Financial Samurai 81 Comments
We’ve talked about all the different types of auto insurance. I’d like to now talk about whether you should get an umbrella policy given this was the most brought up next step in the comments section. An umbrella policy is also known as a personal liability insurance.
When you’ve spent a lifetime building assets for your retirement, the last thing you want is to get sued for all your’re worth. Accidents happen all the time and the more you are worth, the more the injured person will go after you. If someone in a $160,000 Porsche 911 Turbo GTS runs you over after running a red light, you’re probably more inclined to hire a lawyer and sue for big bucks than if you were run over by a 1985 Honda Civic!
Auto insurance policies only cover so much. My auto insurance policy has a maximum $500,000 liability per accident. I could get more liability, but the increase in premiums would make my insurance less worthwhile. My car is only worth about $5,000 max. Because I have assets over $500,000, I elected to get an umbrella policy to cover the rest of my net worth.
The chances of getting sued for over $500,000 is slim because: 1) I’ve got to be found negligent in the accident, 2) I’ve got to create massive damage in the accident, 3) The victim needs to go through the process of suing, 4) The victim needs to win, 5) Cases are usually settled out of court for less, 6) I drive half the national average, 7) I’m a pretty careful driver with a slow car, and 8) I’m a nice guy! Unfortunately, even nice guys get unlucky sometimes.
How Does An Umbrella Policy Work And How Much Does It Cost?
livingston
20×102mm Vulcan
I noticed that some insurance companies want a list of every gun you want covered .
BDinPutnam
.475 A&M Magnum
How about the low 3 figures it cost to get my pistol permit?
ProgSpear
.338 Win Mag
Have you not heard of the "SAFE Act"? Were you unaware that the Demoncrats own the Governorship, the Legislature, and the Senate now? That they are electing avowed communists/socialists to high offices, such as the mayor of NYC and various congressional districts? I mean this without rancor or sarcasm, but what on earth makes you believe that they won't try to ram some of this crap through? Regard for the Constitution? The Easter Bunny tells them it's not nice?
ProgSpear
.338 Win Mag
So do some governments. I wonder if there's a connection?