There has been a lot of talk lately about the danger of owning guns. We thought we'd take a hard look at the facts since it seems gun owners are always targeted after a criminal commits a violent act. Are sport shooting and hunting a "dangerous" sport? Do gun owners pose some kind of disproportionate risk to public safety? The insurance industry doesn't think so.
As legal gun owners the insurance industry has classified us as no different than retired middle class accountants. That's right, risk-wise, we pose none. There isn’t a single exclusion under a standard homeowners policy that prohibits firearms, or use of firearm. The word firearm doesn’t even appear in the standard homeowners wordings.... No, no I’m not joking here, the insurance industry doesn’t see us as a threat at all.
Compared to automobiles, motorcycles, paintball places, daycares even, we are far, far safer than all of them combined. What’s even more interesting here is that the rates we pay for liability insurance are fractions of a penny per day, that’s right “fractions of a penny!!” There is also no distinction between handguns or long guns, calibers, actions, etc., we are all just classed as retired middle class accountants.
Even in the US, insurance companies don’t have any special restrictions on ownership. Legal gun owners are not paying more because they own firearms. Break-ins do happen, but as unfortunate as they are, the insurance company doesn’t cancel you, or jack up your rates after they find out firearms were involved. They treat them no different than your prized collection of gnomes.
If insurance companies assess risk and then charge an appropriate premium for that risk, how come our liability rates are lowest out of any other demographic? A vegan gluten free co-op pays 1000% more in insurance costs than an average gun owner..... I wonder why? Are insurance actuaries insane?
Or are we being lied to by the media.
All members of the CCFR are automatically protected by our $5 000 000 personal liability insurance policy, at no extra charge. Get your membership today and have peace of mind that you are covered.
The CCFR also offers two levels of optional insurance packages:
Legal Advice Insurance
The Firearms Act, Criminal Code and their subordinate regulations can be confusing and overwhelming. That is why we partnered with Arthur J. Gallagher (Canada) Group who in association with DAS Canada to offer Legal Advice Insurance (LAI) to firearm owners. With LAI you have unlimited access to qualified lawyers on a firearm legal issue, or any legal issue you may have, even if it is not covered under your policy. You have unlimited access to a lawyer in your area specialing in firearms law (or your area of interest) to answer your legal questions. Why ask the internet when you can ask a lawyer and be sure, for $16/year … that's right, per year!
Legal Defense Insurance
The Firearms Act, Criminal Code and their subordinate regulations can be confusing and overwhelming. That is why we partnered with Arthur J. Gallagher (Canada) Group who in association with DAS Canada to offer Legal Expense Insurance (LEI) to firearm owners. It provides the ability to defend your legal rights when you inadvertently breach the law.
Please note that the Legal Defense Insurance does not include general Legal Advice… it only includes advice with regards to firearm related issues. For complete general legal advice insurance, purchase the legal advice insurance that is extra.
Firearm Offences: We will pay your legal costs to defend your rights if you are being prosecuted for an offence arising out of the use, storage, display, transportation or handling of a firearm.
Firearm Licensing: We will pay your legal costs to represent you in appealing a decision to suspend, revoke or refuse to renew your firearm’s license. Have peace of mind knowing that should you need it, the CCFR will pay for you to defend your rights in court, for $92/year.
Insurance is like a fire extinguisher; you hope you never need it, but if you ever do, you had better have it.