The average U.S. citizen has several different insurance policies, which may include car, home, life and medical. But did you know you can purchase insurance for concealed carry? If this is your first time hearing about concealed carry insurance, keep reading to learn how it works, what it covers, and whether or not it's right for you.
Concealed Carry Insurance: The Basics
Concealed carry insurance is intended to offer monetary compensation in the event that a registered CCW license holder is forced to use his or her weapon. Even if you were fully within the realms of the law to defend yourself, the police may still charge you with a crime, or you could be hit with a civil lawsuit from the attacker or his or her family. CCW insurance can provide compensation for a criminal defense lawyer, civil suit and damages, bail bonding, and even a flat rate for each day you spend in court.
CCW insurance is handled similarly to car insurance. You can pay either on a monthly, bi-annual or annual basis, with discounts offered for annual subscriptions. If you no longer need it, just cancel your subscription and you won't be billed again – at least that's how most CCW insurance carriers operate.
What About Stand-Your-Ground Laws?
There are currently 45 states – plus the territory of Guam – that have some type of stand-your-ground law. Generally speaking, these laws allow a person to use force to defend him or herself from a perceived threat. Stand your ground lives up to its namesake by eliminating the condition of retreat, meaning you can stand and fight rather than run away.
Just because you live in a state that recognizes stand-your-ground laws, however, doesn't necessarily mean that you are protected from litigation if you are forced to discharge your firearm. Many police err on the side of caution in shootings, arresting the shooter and then investigating the details of the incident. If this happens to you, depending on the details of your coverage, the CCW insurance can pay to bail you out of jail and even help fund your legal defense.
Tips on Choosing CCW Insurance:
- Consider the different plans offered by the insurance company. If you're willing to pay a higher premium, you can expect greater coverage.
- Check with your car or homeowner's insurance provider to see if they offer CCW insurance plans.
- Read past customer reviews when shopping for CCW insurance. Remember, an insurance policy is only as good as the company backing it.
- Don't be confused by the term “concealed carry weapons insurance.” In most cases it can also protect you from incidents involving the discharge of an open carry firearm.
- Are there any extras included in the policy? Some plans may offer additional coverage, such as compensation for expert witnesses or forensics.
CCW insurance isn't a requirement for owning a firearm. However, many gun owners find comfort in knowing that they are protected in the event of criminal or legal action.
* Image used by creative commons license, credited to Pictures of Money.