Witch Hunt: NY regulators investigating NRA Carry Guard
An insurance policy offered by the National Rifle Association is under scrutiny by insurance regulators after gun-control groups raised questions about how its being marketed.
Carry Guard insurance was launched earlier this year by the nations most powerful gun lobbying group and is being promoted to gun-owners as needed coverage to help cover civil and criminal legal costs in cases when they shoot someone in self-defense.
Gun-control advocates have called it murder insurance, because they believe it would lull gun owners into a false sense of security and encourage them to shoot rather than try to avoid confrontations.
New York state financial regulators have launched an investigation into how its being marketed and whether the NRA is illegally receiving commissions without proper licensing.
I don’t know anything about insurance law but this pretty much tells me that Carry Guard will be illegal in NY.
November 1st, 2017 at 5:59 pm
Step 1: Scream that gun owners should be required to carry insurance
Step 2: When someone offers said insurance, call it murder insurance
November 1st, 2017 at 6:29 pm
The marketing suggests that it is only the opening attack of a greater anti-2A effort.
Others have said that this type of liability insurance will become MANDATORY under certain anti-2A political scenarios, and when it does, NRA will be in the catbird seat to rake in billions. I believe that his IS the case, and I suspect that NRA has internal documents which would at least speculate on this eventuality.
NRA already tried REQUIRING attendance at their paid classes as a pre-requisite of getting the insurance policy, didn’t they? Also, they DICTATED which firearms would be allowed to be taught in those classes, didn’t they?
This entire scheme is so far from the spirit of the 2A that I call it an “infringment”.
November 2nd, 2017 at 8:00 am
NY is a bitch for insurance companies. Their regulations are so onerous that most companies will not expose their policies to NY regulators. Instead, they create NY-only subsidiary companies to sell in NY, thereby shielding their personal and commercial policies for the rest of the country from that crap-hole state.
November 2nd, 2017 at 8:02 am
If National Reciprocity ever passes, I’ll be signing up for Carry Guard the next day.
November 2nd, 2017 at 12:51 pm
Restraint of trade is typical NY shit and always to be fought.
That said, CG is typical of insurance whose business model is to take money but never give any out.
Said the recent recipient of God’s/Irma’s wrath.
November 2nd, 2017 at 1:42 pm
To be fair, the type of insurance the anti-gun people have demanded is liability insurance should a gun owner (or presumably their gun be used by another to) destroy property or injure another. This is stupid. What person, who plans a criminal act, will obey a law to purchase liability insurance? What insurance company would sell such an insurance to a person planning criminal use?
Carry Guard is to defend the gun owner from financial harm from a criminal prosecution and/or civil suit where the gun owner used their gun legally to protect innocent life.
November 2nd, 2017 at 2:00 pm
Anyone considering such “protection” should give a long hard read to the fine print, and NRA should be ashamed of themselves for their alliance with this hustle.
November 2nd, 2017 at 2:31 pm
@JTC, could you elaborate on the points in “the fine print” that we should look at?
November 2nd, 2017 at 3:17 pm
Joe, like all insurance it is intended to wear you out as you dig into the labyrinth, but this is the best/simplest synopsis I have seen…scroll down to the comparison chart to see the severe limitations and exclusions on the NRA plan:
https://www.pewpewtactical.com/uscca-review/
I still have carryover blanket coverage and legal retainer from being a former FFL but that will end next year and I will probably go with the USCCA, if I don’t decide to just go naked (self-insure just as I will in a few years when the house is paid and there’s no bank to require coverage to protect their interests).
Main issues for me: CarryGuard pays you a pittance upfront and full coverage only if the totally effed up system finds full non-guilty…especially critical on the civil side. And limits any coverage to firearms use only. And offers zero coverage for posted zones (how many of us follow that shit? Bet the ins. co. will enforce it against you).
So many conditions/exclusions reminds me of homeowner’s ins. in FL starting back in ’04-’05 when they actually had to pay claims for the hurricanes. So the new “hurricane deductible” is now your regular deductible (say $1000) PLUS 2%-3% of the REPLACEMENT VALUE of the house ($200K value? Add $4000-$6000 to that deductible). So you gotta have $5000-plus in damage before they pay a penny and that $5K comes out of your pocket first. Add to that they increased rates in “hurricane-prone” places like teh fla to triple or more what it was in ’03 (haven’t had another in 13 years), and lots of companies cancelled existing policies and/or pulled out of the state altogether. AND how about this little scam? Every year they will notify you that the value of your home has increased (most people say yay, right?). Then that 2-3% deductible just went up some more.
Sorry, I’m a little bitter after just paying out of my now-retired pocket for shit that I pay $1700 every year to not have to worry about.
But this was about carry coverage right? Same thing. Read those exclusions and limitations and realize that after you give them your $500 year, in the extremely unlikely even you need them they will likely leave you struggling mightily and maybe even totally high and dry. I hate that shit, and I’m pissed at NRA for diverting my membership focus on an inferior product they have no business engaged with.
November 2nd, 2017 at 11:13 pm
Armed Citizen’s Legal Defense Network seems like a better deal than USSCA or Carry Guard.
November 3rd, 2017 at 12:29 am
Jay, if it seems like a better deal it would be great and helpful to all here if you would lay out direct comparisons to the main provisions of USCCA and CG as shown on pewpewtactical’s chart.