Insurance programmes that defend gun owners  if they shoot someone in self-defence – known as ‘shooting -people’ insurance – is reportedly a  growing product line in the US.

The apparent proliferation of the insurance comes as gun rights are expanding in much of US, according to The Toronto Star.

Over the last decade, the publication reports that a majority of states have passed “stand your ground” laws that allow gun owners to use deadly force against a threat without retreating first. Since 2013, concealed carry has been legal in every state.

The trend follows a Washington Post estimate in October 2015 that the number of civilian-owned firearms stood at 357m.

The Toronto Star  reported that the U.S Concealed Carry Association has over 100,000 subscribers. Its platinum package covers up to $1 million in civil suit defense civil damages. It also covers immediate bail bonding up to $10,000, upfront criminal defense up to $125,000 and $500 in compensation for every day spent in civil court. 

The National Rifle Association in the US, also offers a  similar package of self-defence insurance.   

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The SunHerald reported that Florida residents,can buy a ‘gunshot policy’ for just one dollar a month, to cover the medical costs and loss of earnings following being shot.

US life market responds

The US life and health insurance market has responded to these developments. For example, in January 2016, Colonial Life & Accident Insurance Company enhanced its gunshot wound insurance policy

Colonial Life’s gunshot wound policy provides a lump-sum benefit for a covered injury due to a non-fatal gunshot wound. The enhanced coverage includes an increased benefit amount, up to $5,000.

Customers can use the money to pay medical bills, expenses not covered by health insurance such as copayments and deductibles, or even household bills.