A Progression of Kinds of Insurance for Guns

The purpose of having insurance for victims of gun violence is to provide money for the many needs they have after they suffer from a shooting. The insurance should be structured to pay in the various situations that occur, for the various needs that are faced and in a timely manner. There are lots of kinds of insurance in use today and several ones will be examined in the chapters that follow. Starting with the most basic insurance designed only to protect the buyer of the insurance, we will add features until we see that it is possible to create a system that works to provide the needed protection. We’ll start with the simplest in the progression. Continue reading

Workers’ Compensation Insurance and Gun Insurance

Motor vehicle insurance has been the obvious model for insurance advocated by this blog to provide for victims of gun violence. There are many parallels, especially with No-Fault versions to serving the gun situation. There is another place in our society were insurance was poorly working to protect injured persons and where society with the insurance industry has produced a system which has shown durable benefits in efficiently dealing with an important risk. Continue reading

Should Gun Insurance Cover Suicide?

If a good solid system of insurance that pays everyone injured by guns is adapted, an obvious question will be “should it cover suicide.” This is likely to be controversial because many people think that payments to survivors would encourage persons thinking of killing themselves. The issue has been worked out for regular life insurance by having “incontestability clauses” which allow such coverage two years after the policy goes into affect. The idea is that a person is unlikely to plan that far ahead which handles the insurers concerns about the hazard of selling insurance to one who knows that it will be soon be paying the benefit.

Social Security pays survivors benefits after the suicide of a parent or spouse who has been married for more than 9 months. In some cases life insurance paid for entirely by employers will pay in cases of suicide with out a waiting period. The requirement is that the insurance be given automatically by the employer and the employee not contribute to the cost. In that case the insurance may or may not have a suicide clause. It seems unlikely that a person will take a job to get insurance covering their planned death and it seems unlikely that a person will buy a gun to get insurance rather than commit suicide in some other way. Continue reading