Live Insurance News

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…

Liability insurance for guns proposed by federal lawmakers in the US

February 13, 2013February 12, 2013 S.Vagus

Lawmakers consider liability insurance a solution to the gun control issue Gun control has been a very hot topic in the U.S. The country has seen a spate of violent crimes associated with guns in recent months, some of which have sparked public outcry for stricter measures to control the availability of various types of firearms throughout the country. The issue has become controversial due to the second amendment of the U.S. constitution. Federal lawmakers have been struggling with the issue since public outcry for gun control has begun, and…

Gun insurance will be required in California if bill passes

February 7, 2013February 6, 2013 Julie Campbell

Owners could soon have to purchase liability coverage to keep their weapons in the state. The Democratic lawmakers in California have been considering legislation that would require firearm owners in the state to have to buy liability gun insurance in order to cover any injuries or damages that are could result from the use of their weapons. Many other states have been introducing similar bills following the trend of school shootings. Among the other states that are looking into required gun insurance are New York, Massachusetts, Connecticut, Pennsylvania, and Maryland.…

Gun insurance strategy backed by Warren and Menino

January 22, 2013January 22, 2013 Julie Campbell

Mayor and Senator in favor of a higher cost for coverage for owners at a higher risk. The mayor of Boston, Thomas Menino, and Senator Elizabeth Warren have stated that they are in support of the Beacon Hill legislation that would add a gun insurance liability coverage requirement to their weapons ownership. The legislation would add new coverage requirements for owners of firearms, rifles, or shotguns. Under a new provision to the legislation, which was filed by Rep. David Linsky (D-Natick), anyone owning one of these weapons will need to…

Gun insurance requirement concept pushed by Advocates

January 21, 2013 Julie Campbell

Some lawmakers consider ownership coverage as a way to curb violence involving these weapons. Lawmakers have been tossing around many ideas recently to help to reduce the instances of firearms related violence, leading some to believe that a requirement for gun insurance may be helpful in this effort. These same lawmakers are hopeful that the insurance industry will join in by offering incentives. In Massachusetts, a bill was filed on Friday, which would make it a requirement for firearms owners to purchase gun insurance in the form of liability coverage…

Homeowners insurance and guns were a top topic for State Farm CEO

January 17, 2013January 17, 2013 Julie Campbell

The ownership of these weapons and their impact on coverage was addressed by Mr. Rust. The topic of gun violence and weapon ownership has become a massive nationwide topic of debate, recently, but the CEO of one of the largest auto and homeowners insurance companies in the United States has now announced that he feels that the subject of safety in the home should enter into these discussions. Among all of the controversy that has been aimed at guns of late, home safety has been relatively untouched. CEO and chairman…

Protect your firearms with insurance

January 7, 2011July 25, 2021 Nordstrom

Insuring your firearms is just as important as insuring your other valuables. Insuring your firearms is just as important as insuring your other valuables. Your homeowner’s policy will cover some of the loss if your weapon is stolen or damaged, but there are other options available also. A standard homeowner’s policy usually has a limit of $2,500 for the theft of a gun. Keep in mind that is the max you will receive, even if more than one gun has been stolen. If the guns were damaged by a fire…