Forums / Gun Discussion / Gun owners in Illinois to carry $1 million insurance policy?

6 years 1 week ago, 8:15 PM

samD

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Gun owners in Illinois to carry $1 million insurance policy?
2 comments February 20, 10:53 AM
by Martha R Gore, Watchdog Politics Examiner
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Photodisc/Fotosearch.comA new gun law has been proposed by Illinois State Representative Kenneth Dunkin (D-5th District) that would required that gun owners carry insurance of $1 million. It also makes gun owners liable for misues of their guns until the gun is reported stolen to police, and provide revocation of FOID cards for those who do not carry that insurance.

Under Illinois state law, gun buyers must obtain a license (FOID card) prior to the purchase of a firearm. A FOID card:

Is required of anyone owning a firearm.
Involves a basic background check
No safety checks or fingerprints are required
Is valid for five years.
Does not automatically check or revoke the cards from people who are convicted or otherwise fall into a prohibited class after obtain the card.
The proposed law (Illinois HB0687) is now making its way through the Illinois House of Representative.

Amends the Firearm Owners Identification Card Act. Provides that any person who owns a firearm in this State shall maintain a policy of liability insurance in the amount of at least $1,000,000 specifically covering any damages resulting from negligent or willful acts involving the use of such firearm while it is owned by such person. Provides that a person shall be deemed the owner of a firearm after the firearm is lost or stolen until such loss or theft is reported to the police department or sheriff of the jurisdiction in which the owner resides. Provides that the Department of State Police shall revoke and seize a Firearm Owner's Identification Card previously issued under this Act if the Department finds that the person to whom such card was issued possesses or acquires a firearm and does not submit evidence to the Department of State Police that he or she has been issued in his or her name a liability insurance policy in the amount of at least $1,000,000 specifically covering any damages resulting from negligent or willful.

It is being opposed by gun owners and endorsed by gun control advo
Keep voting Democratic Illinois!

6 years 1 week ago, 8:17 PM

zx12rmike

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Hope California doesn't hear about this!

"We cannot defend freedom abroad by deserting it at home" Thomas Jefferson
6 years 1 week ago, 8:34 PM

DEMO

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Just another way to fuck over the people. Will the drug dealers and gang bangers comply ?

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do
6 years 1 week ago, 6:51 AM

LLE

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such coverage in Illinois, then the legislation, even if passed, is meaningless. I have significant doubts about insurance industry interest in writing such liability coverage. [Just my opinion].

Too old to fight, Too old to run, guess that's why I carry a gun! "would someone show this asshole the way out of town".[Rabbi Avram Belinski-aka "The Frisco Kid"]
6 years 1 week ago, 6:59 AM

samD

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LLE

And a very good opinion it is. Does Illinois have an insurance pool like Calif, so that the Legislators can make them insure? It is a shared loss type agreement.

6 years 1 week ago, 7:29 AM

LLE

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with Illinois Prop&Liability regs, but the way that industry is going these days, if Illinois were to "legislate" such coverage, there probably would be a significant exodus of major writers. They are becoming increasingly conservative about writing "new" products. Even the property and liability insurance for my golf club business has become hard to find, and VERY expensive.

[Golf clubs and golf balls sometimes hurt people. Maybe we should ban them, or at least control their sale and ownership.]

Too old to fight, Too old to run, guess that's why I carry a gun! "would someone show this asshole the way out of town".[Rabbi Avram Belinski-aka "The Frisco Kid"]
6 years 1 week ago, 7:38 AM

samD

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Very true LLE

If the insurance lobby say's no to this, then it will be a dead issue. Now if the Insurance Industry is behind this, that is another story!

6 years 1 week ago, 8:19 AM

runawaygun762

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Why wouldn't they?

Getting the premiums from gun owners with very little chance of a payout. It is doubtful that any company would have to worry about paying in the event of negligence on the part of the gun owner, and any gun that is stolen and used in a crime will of course be declared negligence in the storage of the gun on the part of the gun owner. So for the insurance company, it's a great situation. They collect premiums from the gun owners and if the gun is stolen and used, it will violate the contract and the company gets away with not having to pay.

"I have always been a soldier. I have known no other life. The calling of arms, I have followed from boyhood. I have never sought another." From The Virtues of War, by Steven Pressfield.
6 years 1 week ago, 8:50 AM

LLE

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an Actuary and/or Underwriter, you would understand.

Too old to fight, Too old to run, guess that's why I carry a gun! "would someone show this asshole the way out of town".[Rabbi Avram Belinski-aka "The Frisco Kid"]

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