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View Diary: A Multi-Billion Dollar Gift to Gun Owners (41 comments)

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  •  How can I get rich? (5+ / 0-)

    A special note to those who see that I always advocate for mandatory gun insurance and think I'm in it for the money.  What is your theory on how I can profit if I get my way and gun insurance is made compulsory?

    The insurance industry does not like me at all.  They hate mandatory insurance because it brings regulation of rates and policy terms.  

    I guess if we get insurance and some gun nut shoots me for what I write my family will be able to collect on the insurance.  Any other theories?  Maybe I can take them up.

    Mandatory Gun Insurance would provide for victims, encourage safety and not be an excessive burden on gun owners. How to do it at Gun Insurance Blog. I also make posts at Huffington as Tom Harvey.

    by guninsuranceblog on Sun Jan 19, 2014 at 10:10:44 AM PST

    •  you do realize that insurance specifically exclude (9+ / 0-)

      illegal acts?  No insurance will pay out if the insured robs a store or kills their wife.....

      As such, what do you think the good in specialized gun insurance might be?  Besides driving the cost out of the poor's reach...though the well off will be fine, after all, a 2 million umbrella liability is under 5oo a year, only the poor will be priced out of self protection which is imo evil....Oh and btw, basic homeowners covers basic liability like an accidental discharge so if you have homeowners, you already have gun insurance.

      A reliable and safe handgun can be purchased new under a 160 bucks, one time charge and I'll happily teach reloading techniques for any who want or need the cost will lots of others.  So the only costs holding a poor person back would be ridiculously high permit fees or ongoing insurance payments that won't pay when needed anyway.....

      More callous and ugly than the majority of anti gun proposals so you win there....

      Vaya con Dios Don Alejo
      I want to die a slave to principles. Not to men.
      Emiliano Zapata

      by buddabelly on Sun Jan 19, 2014 at 12:30:53 PM PST

      [ Parent ]

      •  Renter's insurance is even cheaper.... (3+ / 0-)
        Recommended by:
        theatre goon, buddabelly, CarlosJ

        .... mine is $180/yr for the following:

        $20,000 general contents w/$500 deductible
        $6,000 loss of use (i.e., hotel bill after my apartment burns down)
        $2,000 of scheduled property (my firearms)
        $5,000 for medical payments to other (i.e., you hurt yourself while visiting)
        $1,000,000 personal liability

        There are four boxes to be used in the defense of liberty: soap box, ballot box, jury box and ammo box. Use in that order.

        by Crookshanks on Sun Jan 19, 2014 at 05:56:57 PM PST

        [ Parent ]

    •  your theory on how I can profit? (3+ / 0-)
      Recommended by:
      FrankRose, Tom Seaview, Crookshanks

      Easy as pie
      Buy  quality gun(s) when the gun grabbers are in decline (properly neutered) & prices are reasonable
      wait for grabbers to ascend & put the fear of Jebus into every 2nd amendment supporter ..
      Sell high, buy low
      Works for me
      Laughing all the way to the bank

      Who is mighty ? One who turns an enemy into a friend !

      by OMwordTHRUdaFOG on Sun Jan 19, 2014 at 03:54:07 PM PST

      [ Parent ]

    •  Same as any other insurance company: (0+ / 0-)

      Collect a lot in premiums and pay out little in benefits.

    •  Let's Insure all dangeorus behavior. (0+ / 0-)

      I am excited about this precedent. I work as an industry actuary and we did a study of homes with guns. We had very interesting results when using public arrest records. Gun owning homes with no arrestee (convicted or not) are actually about 20% SAFER than the national average. But if we can get a precedent on mandatory insurance for gun owners it will overturn precedents that don't allow us to use arrests, and will create public pressure to put in mandatory insurance if you are or harbor in your home anyone with an arrest record, which create an order of magnitude higher risk to the home and to the public.

      We also need mandated insurance for bail. right now that is prohibited in court precedent due to the so-called "constitutional protections." Any court precedent on mandatory gun insurance will allow jurisdictions to mandate separate private insurance in order to be bailed. Persons on bail are 15x more likely to commit a violent crime while on bail. Right now, by law only fight risk can be considered.

      Non criminal homes with guns, counter-intuitively have a lower suicide risk. BUT homes with either arrestee harbored there, or anyone diagnose with depression or having taken anti depressants, there,  are an incredibly higher suicide risk as ell as liability risk.

      Also why do people harboring Autism or Asberger's diagnoses get a free ride on the markedly higher risk they present to a community? Asperger's sufferers present an elevated risk of 50% in harming themselves or others.

      The so called constitutional protections people are claiming are stopping your private insurance companies and jurisdictions from being able to really make us all a lot safer. The poster of this article also has a blog. I am sure he has full liability insurance for that against defamation or against copyright infringement. I am also sure he feels that insurance should be mandatory.  An estimated 120 billion dollars is lost in intellectual property per year. Hiding behind the First, Second, Fourth, Fifth or Sixth Amendments has to end. Mandatory insurance will force prior arrestee criminals, who commit over 93% of US violent crime,  to stay in jail.

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