User Panel
User Panel
User Panel
|
Posted: 10/3/2014 9:36:43 AM EDT
[#1]
That looks more like "pre-paid legal" than "insurance." Personally, I've had one of the NRA-affiliated Lloyds of London/Lockton Risk policies for years. |
|
|
|
Posted: 10/3/2014 11:02:57 AM EDT
[#2]
I don't think much of it personally.
|
|
|
|
Posted: 10/3/2014 1:30:19 PM EDT
[#3]
Quote HistoryQuoted:
I don't think much of it personally. Based on? |
|
|
|
Posted: 10/3/2014 1:31:54 PM EDT
[#4]
Quote HistoryQuoted:
That looks more like "pre-paid legal" than "insurance." Personally, I've had one of the NRA-affiliated Lloyds of London/Lockton Risk policies for years. Quote HistoryQuoted:
That looks more like "pre-paid legal" than "insurance." Personally, I've had one of the NRA-affiliated Lloyds of London/Lockton Risk policies for years. How do they work? I understand the prepaid legal idea. Are you buying their assumption of risk for your gun use? Does that come with a dollar cap and a choice of lawyers or is it just straight dollars for your defense? |
|
|
|
Posted: 10/3/2014 4:57:17 PM EDT
[#5]
Quote HistoryQuoted:
Based on? Quote HistoryQuoted:
Quoted:
I don't think much of it personally. Based on? Based on the business model, the marketing spiel and their hyperbole. |
|
|
|
Posted: 10/4/2014 4:02:09 PM EDT
[#6]
Quote HistoryQuoted:
Based on the business model, the marketing spiel and their hyperbole. Quote HistoryQuoted:
Quoted:
Quoted:
I don't think much of it personally. Based on? Based on the business model, the marketing spiel and their hyperbole. What's wrong with the business model specifically? Just trying to understand. |
|
|
|
Posted: 10/6/2014 7:19:19 PM EDT
[#7]
Quote HistoryQuoted:
How do they work? I understand the prepaid legal idea. Are you buying their assumption of risk for your gun use? Does that come with a dollar cap and a choice of lawyers or is it just straight dollars for your defense? The NRA insurance policies have both indemnity limits (various amounts) and pay for defense counsel in a civil case. I'd have to go look to see if defense costs eat away at the limit. Like all insurance policies, I'd assume they get to choose the (civil) counsel. They also have "reimbursement" up to a certain limit for criminal defense costs, but that doesn't pay until you're actually cleared criminally - which is the only way they're allowed to do it. |
|
|
|
Posted: 10/7/2014 11:25:39 AM EDT
[#8]
Quote HistoryQuoted:
The NRA insurance policies have both indemnity limits (various amounts) and pay for defense counsel in a civil case. I'd have to go look to see if defense costs eat away at the limit. Like all insurance policies, I'd assume they get to choose the (civil) counsel. They also have "reimbursement" up to a certain limit for criminal defense costs, but that doesn't pay until you're actually cleared criminally - which is the only way they're allowed to do it. Quote HistoryQuoted:
Quoted:
How do they work? I understand the prepaid legal idea. Are you buying their assumption of risk for your gun use? Does that come with a dollar cap and a choice of lawyers or is it just straight dollars for your defense? The NRA insurance policies have both indemnity limits (various amounts) and pay for defense counsel in a civil case. I'd have to go look to see if defense costs eat away at the limit. Like all insurance policies, I'd assume they get to choose the (civil) counsel. They also have "reimbursement" up to a certain limit for criminal defense costs, but that doesn't pay until you're actually cleared criminally - which is the only way they're allowed to do it. Interesting. It seems like the cost of getting someone to assume your risk for something as legally hazardous as defensive use of force would be extra steep. Mind if I ask what your ballpark cost is through them? |
|
|
|
Posted: 10/7/2014 11:36:30 AM EDT
[#9]
Umbrella.
|
|
|
|
Posted: 10/7/2014 11:54:45 AM EDT
[#10]
Quote HistoryQuoted: Umbrella. |
|
|
|
Posted: 10/8/2014 2:21:53 PM EDT
[#11]
Quote HistoryQuoted:
Umbrella. Yeah, except most if not all umbrellas (and most other policies generally) have "intentional acts" exclusions which could result in denial of coverage, even if your intentional act of self-defense was justified. |
|
|
|
Posted: 10/8/2014 2:24:12 PM EDT
[#12]
Quote HistoryQuoted:
Interesting. It seems like the cost of getting someone to assume your risk for something as legally hazardous as defensive use of force would be extra steep. Mind if I ask what your ballpark cost is through them? About $250 a year. They have bigger polices now with higher limits, that cost more, as well. Self-defense shootings, let alone ones that result in litigation, are pretty rare. I'm sure the actuaries have run the numbers well. |
|
|
|
Posted: 10/8/2014 3:44:40 PM EDT
[#13]
Quote HistoryQuoted:
About $250 a year. They have bigger polices now with higher limits, that cost more, as well. Self-defense shootings, let alone ones that result in litigation, are pretty rare. I'm sure the actuaries have run the numbers well. Quote HistoryQuoted:
Quoted:
Interesting. It seems like the cost of getting someone to assume your risk for something as legally hazardous as defensive use of force would be extra steep. Mind if I ask what your ballpark cost is through them? About $250 a year. They have bigger polices now with higher limits, that cost more, as well. Self-defense shootings, let alone ones that result in litigation, are pretty rare. I'm sure the actuaries have run the numbers well. I imagine so. And someone who's going to insure against that isn't going to be the type to go off half cocked. Risk averse operators are a risk mitigator. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
