According to the United States Government Accountability Board there are over 8 million active concealed carry permits across the country. Since January 2014, all 50 states have passed laws permitting concealed carry. However, each state has unique laws and requirements for obtaining these permits so it’s important to educate yourself on the regulations pertinent to your residing state.
One important thing to consider if you obtain a concealed carry permit is coverage for an accidental discharge that results in property damage or injury. Many people assume that if there is an accident, they will be protected by their homeowners insurance. However, this not always the case and some policies will not cover concealed carry damages, leaving you potentially responsible for all the expenses.
Another issue is having appropriate coverage for circumstances in which you need to use your concealed weapon in self-defense. Under the ISO Homeowners form, expected or intended injury is not covered under the policy leaving you potentially liable.
So what do you do if you want to carry a concealed weapon but are concerned about being underinsured in the event of an incident? The good news is that there are several options available to make sure you are protected. Here are a few resources to make sure you have the necessary coverage:
- National Rifle Association (NRA) – Offer limits of $100,000 to $1,000,000 priced from $165 to $1,000
- West Bend Mutual Insurance – Offers a bond called the Concealed Carry Criminal Defense Reimbursement Bond
- The United States Concealed Carry Association (USCCA) – Offers $250,000/$500,000/$1,000,000 limits
If you have any questions about concealed carry, please feel free to contact any member of the Diversified Insurance Solutions Personal Lines Department and we will be happy to assist you.