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Financial Insurance for permit carry

Discussion in 'Carry Issues' started by RLB, Jan 30, 2010.

  1. RLB

    RLB

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    During my concealed carry class the instructors covered a lot of material. The one item that jumped out at me was the cost of the aftermath associated with having to use your handgun to defend yourself.
    Defense teams are expensive as are the expert witnesses. When all is said and done, a not guilty verdict does not eliminate the cost of the defense team, expert witnesses and lost income. Then you have the family of the attacker that will attempt to obtain financial restitution from the person defending his/herself.
    With all of this said and in mind, is insurance available for those with carry permits to offset costs should justifiable deadly forced be used?
    Thanks
    Rick
     
  2. Gallium

    Gallium CLM

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  3. RLB

    RLB

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    Thanks Drew
     
  4. kensteele

    kensteele

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  5. Gallium

    Gallium CLM

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    Yes, but the #s are subject to change (my instructor's insurance $#s changed from 2009 to renewal in 2010), so I'd rather just provide the links in this instance.

    :cool:
     
  6. NAS T MAG

    NAS T MAG

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    My $1,000,000 Umbrella policy with State Farm is $214 a year. Yes, if you carry a gun you need this kind of protection. Will you ever have to use it? Probably not, but if you do and don't have protection, you might lose everything you have. Also, this protects you against auto and personal lawsuits.
     
  7. Gallium

    Gallium CLM

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    Yes. Folks should recognize the different types of insurance that exist. If you are involved in a "good" shoot, and you shoot the "perp" three times, and one bullet goes thru the perp and into the piccaso painting across the street, YOU'LL NEED INSURANCE to cover that damage, just like you'd need insurance if your car had a tire blowout, and you caroomed off the road into the foundation of someone's house.

    "Insurance" does not only cover lawsuits. Lawsuits are typically the end result of the other party who suffered (real or fictitious) damage to be compensated.

    Some umbrella insurance WILL NOT cover "•...$50,000 criminal defense reimbursement sub-limit".

    Also note, that this says "reimbursement", which means you go damn near bankrupt 1st finding atty fees, then you get the money back.

    Buyer beware, read the fine print on your proposed, or in place policies.

    'Drew
     
  8. Dragoon44

    Dragoon44 Unfair Facist Lifetime Member

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    No I won't, but I might get a reward for helping to recover a stolen Picasso.

    :rofl::rofl:
     
  9. Gallium

    Gallium CLM

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    Didya hear about the woman here who tripped, and went foot 1st into a picasso last week? :faint::rofl:
    back on topic, she did not have a CCW...
     
  10. deadday

    deadday

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    If Texas says the shoot was good, no civil action can be pursued...God bless Texas...
     
  11. thegriz18

    thegriz18 Paper Killer

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    I wish that was the case everywhere. Even if you have a good shoot, you will still have attorney fees. Keep it shut until you get council, even if you are in the right.
     
  12. Warp

    Warp ΜΟΛΩΝ ΛΑΒΕ

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    Not all states have this....and the criminal trial could be extremely expensive
     
  13. glock19madman

    glock19madman

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    Also check your state laws. Here in Missouri if the police does not pursue charges then you can not be taken to cival court at all.
     
  14. redbaron007

    redbaron007 Some Dude Lifetime Member

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    Can you clarify the statue, please?
    Thx!
     
  15. bustedknee

    bustedknee The Snowflakes have invaded GT

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    Many years ago my Granddad gave me a very important bit of advise. He spoke from experience:

    "A dead man cannot stand up in court and tell lies."
     
  16. Warp

    Warp ΜΟΛΩΝ ΛΑΒΕ

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    I'd be careful with that 'advice'
     
  17. Gallium

    Gallium CLM

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    With the proliferation of security cameras, cell phone cameras, audio recorders, motion detectors/etc, I would advise you to have A LOT of rounds, and a hit squad, because you're going to have to be killing a LOT of folks...and computers....and DVRs...and cameras... and a few routers...and some remote computers recording video streams...and one, maybe three cell towers...plus you gotta whack youtube too, plus twitter......:whistling:


    'Drew
     
  18. RLB

    RLB

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    Thanks for the information. I found this helpful.
    I wish all states have protective laws to prevent the FAMILY of the deceased from taking civil actions.
     
  19. David Armstrong

    David Armstrong

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    And a good forensic tech will tell you "The dead speak volumes.":cool:
     
  20. David Armstrong

    David Armstrong

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    Marty Hayes at FAS spearheads an organization called the Armed Citizen's Legal Defense Network that is also worth looking into.
    http://comcondev.com/
     
    Last edited: Jan 31, 2010