Big_Dave
12-02-2008, 11:35 PM
From a firearms forum.....
I have a good friend who is a MN state patrol. We were talking about PTC (by the way he is all for it). He asked me if I have or am going to get insurance. He said that he took out a personal million dollar policy incase something unwanted happens and is taken to court. He said it would help him keep his house. Have any of you thought about getting something like this? I'm not sure what type he has but google comes up with 'Self Defense Insurance' or 'CCW Insurance.' It looks like something the NRA offers. Thoughts?When I took my PTC (permit to carry) course a few months ago, this was a subject in the class.
Currently, I have a 'umbrella policy' ($1 mil), through Am Fam Insurance. Cost is less than $250/year. Covers atty costs as well.
One thing to keep in mind......
Reasonable people don't buy car insurance so they can get into a fender-bender, they don't buy home owner's insurance to burn their house down, and they don't buy life insurance so they can die. Sane/rational people buy this insurance hoping they never have to use it! There's nothing wrong with having an umbrella liability policy. It covers much more than just a self-defense situation.
Remember, insurance companies don't want to pay the claim if they don't have to. Ask the agent if a company lawyer would represent you if a civil liability case is brought against you after a car accident.
Not all companies offer umbrella policies. State Farm and AmFam are the only two I know of. I've heard from others that their companies don't.
Are you covered?
I have a good friend who is a MN state patrol. We were talking about PTC (by the way he is all for it). He asked me if I have or am going to get insurance. He said that he took out a personal million dollar policy incase something unwanted happens and is taken to court. He said it would help him keep his house. Have any of you thought about getting something like this? I'm not sure what type he has but google comes up with 'Self Defense Insurance' or 'CCW Insurance.' It looks like something the NRA offers. Thoughts?When I took my PTC (permit to carry) course a few months ago, this was a subject in the class.
Currently, I have a 'umbrella policy' ($1 mil), through Am Fam Insurance. Cost is less than $250/year. Covers atty costs as well.
One thing to keep in mind......
Reasonable people don't buy car insurance so they can get into a fender-bender, they don't buy home owner's insurance to burn their house down, and they don't buy life insurance so they can die. Sane/rational people buy this insurance hoping they never have to use it! There's nothing wrong with having an umbrella liability policy. It covers much more than just a self-defense situation.
Remember, insurance companies don't want to pay the claim if they don't have to. Ask the agent if a company lawyer would represent you if a civil liability case is brought against you after a car accident.
Not all companies offer umbrella policies. State Farm and AmFam are the only two I know of. I've heard from others that their companies don't.
Are you covered?