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Can insurance stop gun violence?

By Jay MacDonald · Bankrate.com
Monday, February 4, 2013
Posted: 2 pm ET

As long as we're engaged in a heated national debate on ways to curb gun violence, let's ask the obvious question: What role might insurance play in making our neighborhoods safer?

Legislators in Massachusetts invited insurance into the discussion last month when they proposed a state law that would require gun owners to purchase liability insurance in the event one of their firearms should cause injury or death.

The proposal, believed to be the first of its kind, comes in the wake of the December slayings of 26 children and adults at Sandy Hook Elementary School in Newtown, Conn.

Such mandatory insurance coverage could include incentive discounts for gun owners who take firearms safety courses and store their weapons properly.

In addition, the bill would enable insurance companies to do what law enforcement agents cannot under current Massachusetts law: enter a person's home to verify that guns are secured. That's a step that could be taken before a liability policy is issued.

The proposed gun insurance law does not address how much liability insurance would be required or whether coverage under a homeowners insurance policy would be sufficient. But it does state that those found to be in possession of an uninsured gun would face a fine of between $500 and $5,000 or up to a year in jail.

Rep. David Linsky, the bill's sponsor, says there are ample precedents that insurance used for the public good can save countless lives.

"Insurance companies were able to discourage smoking through the marketplace and make cars safer through the marketplace," he observed.

Gun rights activists have been quick to denounce the bill as what they call another misguided attempt to saddle law-abiding gun owners with unnecessary regulation. They maintain that such a law would penalize those who buy and own guns legally while having little impact on those who acquire weapons illegally.

"Now we're going to have insurance companies telling us how we are supposed to be trained and where we are going to store our guns?" asked Jim Wallace, executive director of the Gun Owners Action League in Massachusetts.

But in the wake of the Sandy Hook slayings, the idea of inviting insurance into the discussion was welcomed by Boston Mayor Thomas Menino, who co-chairs Mayors Against Illegal Guns, and new Massachusetts senior Sen. Elizabeth Warren.

"It's time that we think about alternative ways that we can effectively deal with gun violence," Warren said. "We need better research. We need better understanding. We need to try different approaches to protect our children."

What are your thoughts? Would a gun liability insurance law stem gun violence in America?

Follow me on Twitter: @omnisaurus

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256 Comments
tony delviscovo
February 09, 2013 at 4:21 pm

Hi everyone,
You have got to be kidding. The insurance companies are a racket as is. of course they would like another reason to shake you down for more of your hard earned money.

Ask the Mayor if his armed securit gaurds will comply to all the regs and fees, i doubt it! This is like keeping us from getting in our cars to prevent drunk driving. This is ignorance and hypocrasy at its best.
sincerely
tony d.

Paul
February 08, 2013 at 7:53 am

All this does is put more money in the pockets of the insurance companies and does nothing to solve the use of guns in violent crimes. Any elected official knows this and to legislate a bill or support it would suggest to me that they have a vested interest in the Insurance companies and are not really looking out for the people. Come on all CITIZENS we need to vote these kinds of self serving officials out of office.

SPARKY
February 08, 2013 at 7:37 am

WHY DONT THEY THINK OF SOMETHING THEY CAN DO, LIKE HARSHER SENTENCES AND NOT LET THE OUTTA JAIL, OR DEATH PENALTY., THAT IS WHAT WE HIRE THEM FOR. NOT TO DUP ON US ALL THE TIME..... DO THEIR JOBS....ALL WE ASK...........

SPARKY
February 08, 2013 at 7:35 am

ARE YOU GUYS NUTZ????????? NO MORE PAYING FOR THE CRIMINALS. WE NEED TO PROTECT OURSELVES FROM THEM..... ONLY WAY TO DO IT, COPS GET THERE AFTER YOUR DEAD ALREDY, TOO LATE.....WE NEED OUR PROTECTION IN OUR HOMES IF SOMEONE IS TRYING TO HURT YOU OR YOUR FAMILY, NO INSURANCE FOR THAT., ONLY A GUN.......