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View Diary: Liability Insurance for Guns (361 comments)

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  •  I think the Insurance Industry would underwrite (2+ / 0-)
    Recommended by:
    KVoimakas, PinHole

    if it was mandated on all guns - if you do the math - it's simple - 300 Million guns - 31,000 gun deaths - that's 1/10th of a percent risk - not bad.

    Many of the guns are illegal anyways and wouldn't be insured - makes their numbers better - plus, they'll fight claims for years - better yet.

    This will never happen so it's all just wishful or hopeful thinking.

    The cost of enforcement would outweigh the benefit.  Our GOvernment can't even enforce the laws they have on the books - why would we be so naive to think they would be able to enforce this?

    The care of human life and happiness, and not their destruction, is the first and only legitimate object of good government. - Thomas Jefferson

    by ctexrep on Thu Dec 20, 2012 at 06:01:38 AM PST

    [ Parent ]

    •  Your math is wrong. (0+ / 0-)

      Guns would be insured at purchase, so the insurers would be responsible for fresh guns. And since it is assault rifles we're concerned about, it is the stats for those that is relevant here.

      •  Then I would agree with you (1+ / 0-)
        Recommended by:
        PinHole

        No insurance company will underwrite just the "risky" portions - they need to have access to all or they will pass.

        The care of human life and happiness, and not their destruction, is the first and only legitimate object of good government. - Thomas Jefferson

        by ctexrep on Thu Dec 20, 2012 at 06:16:06 AM PST

        [ Parent ]

      •  Why only at purchase? (4+ / 0-)

        Registration of all firearms would be tied to all types of insurance not just gun liability.  Failure to follow other insurance laws has negative consequences to everything for other insurance [think mortgage] to credit rating.  No different for a gun liability insurance policy.

        Result if you have a unregistered firearm and anything happens that brings that to light your whole modern life just became a nightmare.  Enforcement via the insurance and financial industries NOT the government.  Let other greedy, immoral industries fight the gun industry.

        As for the objections based on long term health care or payout to victims, the Federal government via HEAVY taxes on ammunition and powder would be used to supplement the private insurance.

        •  Yeah, taxes on powder, and other ingredients (0+ / 0-)

          used in making ammo (ammonium perchlorate etc).  Covers the roll-your-own crowd.

          Gonna suck for us rocket motor enthusiasts but that's the price we gotta pay for those crazies building missiles meant to damage things.  Rocketry just wants to launch things up with nondestructive recovery.  Maybe we can get rocketry licenses that lower our taxes, such as the Pyro 3 requirement needed for running a high-power launch.

    •  31,000 deaths. 75,000 survivors. (1+ / 0-)
      Recommended by:
      PinHole

      The big ongoing expense would be the 75,000 people who are wounded in shootings. Gunshot wounds tend to be crippling.

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