Self Defense "Insurance" comparison

[teddy12b]

I'm not an insurance professional, but this morning I saw another one "Right to Bear" insurance and this concept seems to be picking up momentum in the gun world. It's been around for a while and I'm interested in learning more. What I'm really curious about is if anyone here really knows how to pick apart these types of insurance and what your thoughts are.

If you have self defense carry insurance, what type did you pick and why?


Here's two for an example, and I know there's many more:

Concealed Carry Coverage | Right To Bear

Concealed Carry coverage by Right To Bear. Firearms legal protection against liability claims resulting from using a firearm for self-defense in a civil claim.

protectwithbear.com

https://www.usconcealedcarry.com/membership/self-defense-liability-insurance/

 

[Trapper Jim]

All one has to do is check claim history and profits of the insurers. Tells the story.

 

[dlandersson]

I'm not an insurance professional, but this morning I saw another one "Right to Bear" insurance and this concept seems to be picking up momentum in the gun world. It's been around for a while and I'm interested in learning more. What I'm really curious about is if anyone here really knows how to pick apart these types of insurance and what your thoughts are.

If you have self defense carry insurance, what type did you pick and why?


Here's two for an example, and I know there's many more:

Concealed Carry Coverage | Right To Bear

Concealed Carry coverage by Right To Bear. Firearms legal protection against liability claims resulting from using a firearm for self-defense in a civil claim.

protectwithbear.com

https://www.usconcealedcarry.com/membership/self-defense-liability-insurance/

It's a good question. I just switched from USCCA to CCW. I think this is a topic worth discussing
Perhaps of interest:

 

[HoughMade]

All one has to do is check claim history and profits of the insurers. Tells the story.

Side note- the profit of an insurance company is more tied to the investments they make with the premium money than the amount of premiums and payouts on claims. More than 1 insurance exec has told me that if they can break even on premiums vs. claims payouts (including defense costs), they feel like they are doing very well.

Regardless of what self-defense specific insurance a person may choose to have, a good umbrella policy is always smart.