There was talk about the gun blogosphere about CCW insurance, to help defray the not insignificant legal costs that can be incurred even after a fully justifiable self-defense shooting. 'Kickie' the 300 pound ex-linebacker and home invader, depite being a meth addict, had a mother that loved him and may drag you into civil court in a wrongful death suit. (h/t joe huffman.)
Ahab, an insurance guy when not running a radio show and competing in something called the Bee-Ant-She Cup shooting competition, is a little bit leery of this insurance type. He didn't say it is a scam, but that it might not be worth the high premiums that 'surplus' lines necessarily have. So, there is the counterpoint.
(is that how you pronouce it? Bee-Ant-She? Or is it Bye-Ankh-Eye?)
4 comments:
I've always pronounced it "Bee-Aunt-Shee", myself - but what do I know?
Interesting links. I'll have to read further, but this is the first time I've heard about CCW insurance. I wonder if the insurance would cover your court costs as well, or if it just pays the judgement if you're found against?
My knee jerk reaction is to stay away from the stuff.
Just to clarify:
It reimburses defense cost for a criminal action if you are found not guilty.
It covers defense and settlement of a civil suit to the limit of the policy.
NRA coverages are written through Lloyd's on a surplus lines basis:
Is your range insurance a "scam" and too high because it is on a surplus lines basis?
Is your NRA instructor insurance a "scam" and too high because it is written on a surplus lines basis?
Is your firearms floater through the NRA a "scam" and too high because it is written on a surplus lines basis?
How much this is worth to you is a personal decision.
William Hopkins
MMD Brokers
and hence the quote, "He didn't say it is a scam"
Bianchi's ads used to actually specify that it was pronounced "Be-Yankee", but I'm sure they finally figured out that it wouldn't help them sell any gear to people in Southern States. Duh.
I don't see it on their web page or in their catalog or anything now, but I'm pretty sure I saw a commercial of theirs recently where they pronounced more like "Be-yon-kee".
As to insurance... just remember that (on average) you will always come out on the losing end when you buy insurance. The only time it makes sense is when the risk is significant enough to justify the cost or the law requires it.
Since the odds of someone ever even drawing their weapon are awfully small, and the odds of their needing the insurance even smaller than that, I can't see the worth of it unless the cost were truly insignificant.
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