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CCW Insurance Is It Any Good ?

Discussion in 'Legal' started by Newton, Mar 14, 2004.

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  1. Newton

    Newton Member

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    I know that the NRA offers some kind of legal fee insurance for concealed carry holders who find themselves in the middle of a self defence shooting, but I've heard it has some restrictions.

    Is there any kind of insurance policy out there that covers all your legal fees up front, even if you lose the case, both for a criminal and/or a civil prosecution.

    Thanks



    Newton
     
  2. 44Brent

    44Brent Member

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  3. 44Brent

    44Brent Member

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    Conflicting statements on LocktonRisk.com

    The details of coverage are provided here: www.locktonrisk.com/nrains/selfdefensecert.pdf

    On this page, it costs $154 to purchase $100,000 of excess personal liability and self defense coverage: www.locktonrisk.com/nrains/eplplusapp.html

    However, on this page it states that it costs $165 to purchase Excess Personal Liability & Self Defense coverage, but the form generates a price of $145 when the user checks the button for $100,000 worth of coverage: www.locktonrisk.com/nrains/selfdefapp.html

    So, now we have three different prices: $145, $154, and $165.

    I sent an e-mail to LocktonRisk requesting that they clarify this, and will post any replies from them to this thread.
     
  4. Newton

    Newton Member

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    Let us know what they come back with 44Brent, and thanks for the info guys.



    Newton
     
  5. 44Brent

    44Brent Member

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    Received a response from Lockton Risk

    Thank you for your interest in the Self Defense and Excess Personal
    Liability coverages. The rate for the $100,000 limit for these coverages is
    $165.00. As you pointed out, the web pages were miscalculating the premium total. This error has been corrected, and the correct premium will now be calculated. We apologize for the inconvenience and look forward to serving your insurance needs.

    Best Regards,

    Mia Wooldridge

    NRA ENDORSED INSURANCE PROGRAM
     
  6. Gardien

    Gardien Member

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    This only pays if you are aquitted or charges dropped.
     
  7. mgkdrgn

    mgkdrgn Member

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    If you are "convicted", the lack of legal insurance coverage will be the least of your worries.
     
  8. TexasRifleman

    TexasRifleman Moderator Emeritus

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    Most insurance only covers "legal" acts. If you lose the criminal case your act is not legal, so no coverage.

    But as mentioned, you won't care at that point.
     
  9. Dr. Tad Hussein Winslow

    Dr. Tad Hussein Winslow member

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    They're good for DRAWING lawsuits. I can see where they might be prudent for the wealthy with non-exempt assets; but for the workin man or middle class, probably not worth it.
     
  10. Yo Mama

    Yo Mama Member

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    My opinion is to get your legislators to pass bills protecting your right to defend yourself. These insurance plans are what antis are targeting next, requiring them so that they don't have to protect you.
     
  11. Frog48

    Frog48 Member

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    Insurance is kinda like a pre-nup... its worthwhile if you actually have something worth losing.
     
  12. Thingster

    Thingster Member

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    Exactly. Oh, you want my 1986 F-150? Here. Oh look at that, I have no more assets; schucks.
     
  13. Yellowfin

    Yellowfin Member

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    Or if you can't afford to lose. That covers both losing what you have AND, more importantly, losing all the money you and/or your family is ever going to have. Insurance isn't for if you're already rich, it's to keep you from being or staying poor.
     
  14. damien

    damien Member

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    Wouldn't an umbrella policy do the same thing at lower cost?
     
  15. TexasRifleman

    TexasRifleman Moderator Emeritus

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    Umbrellas don't kick in until the underlying coverage pays out.
    That is why it's an "umbrella" over existing insurance.

    In other words, if you get sued for 1 million and your car insurance only covers 200,000 your million dollar umbrella pays the other 800,000 AFTER your primary has paid.

    Umbrella policies are never primary. That's why they are cheap.
     
  16. TAB

    TAB Member

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    Every thing I have read about it has made me say no.

    I'm one of those people that is way over insured.
     
  17. rscalzo

    rscalzo Member

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    Umbrella policies vary from state to state, so depending on where you live, your umbrella coverage may not cover you for everything and anything you may be sued for.

    For example, many policies won't pay for punitive damages-which are generally used to punish people for their conduct.

    Intentional acts are another that may not be covered by an umbrella policy, as well as if a claim comes from a business endeavor.

    While is is fairly clear that the policy covers civil trials, coverage for a criminal case is not so clear. Legal cost coverage also varies. Don't think you are covered without checking.

    I maintain coverage offered by our state LE organization and the coverage is specific to firearm's use.

    Those thinking you have nothing to lose. You will lose that anything you ever hope to own in the future. Kind of like the smokers who tell you they don't care about the risks until they are hooked to a oxygen tank for the rest of their short life.
     
  18. damien

    damien Member

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    So an umbrella won't pay anything if all of your types of primary insurance will not pay on it?

    Does homeowner's have any coverage for a CCW incident, or is that only if you are on your own property at the time?
     
  19. Formula4Fish

    Formula4Fish Member

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    I'd recommend taking a closer look at the law in your state before considering insurance.

    In Texas, a defendant who uses force or deadly force that is justified under Castle Doctrine law, is immune from civil liability for personal injury or death that results from the defendants use of that force.

    If you aren't charged and convicted of a criminal violation, you won't need insurance. If you are convicted of a crime, insurance won't pay.
     
  20. TexasRifleman

    TexasRifleman Moderator Emeritus

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    Generally that is the case, they don't pay until the primary coverage is exhausted.
     
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