According to FBI statistics, nearly 800,000 crimes were recorded in New York State for 2015 – with more than 317,00 of them being property crimes. The FBI defines property crimes as burglary, break-ins, vandalism, arson, vehicle theft and carjacking, among others.
Many New Yorkers choose to own firearms to protect their homes, property, and families from such incidents. Unfortunately, justifiable circumstances alone are not always enough to shield them from potential liability exposure from using them. Sometimes civil and criminal charges are brought, resulting in a significant loss of time and money.
Most homeowner’s insurance policies specifically exclude this type of loss, leaving the gun owner personally and financially liable. And even frivolous or unfounded allegations must be defended, potentially leaving the gun owner responsible for tens of thousands of dollars in defense costs alone.
It’s called Firearm Liability Insurance and starting at $135 a year, it’s extremely affordable. Firearm Liability Insurance provides coverage for attorney retainers, legal expense reimbursement, bail bonds, damages, awards, and judgments. More expansive packages also cover compensation for lost wages while in court, and even psychological support services.
At the time of this article, there is legislation in front of the NYS Assembly that is expected to be passed by both houses and ratified by the Governor that “Requires owners of firearms to obtain liability insurance in an amount not less than two hundred fifty thousand dollars.” This coverage is available now at Hudson Valley Agents if you do not wish to wait.
For more information on coverage that protects you while you protect your family and home, call Dave or Philip at Hudson Valley Agents at (845)-778-2141.
#firearmliabilityinsurance #insuringfirearms #insurelocal #HudsonValleyAgents