Proposal Would Require Gun Owners To Carry $1M Insurance
Illinois could be the first state to require gun owners to take out a million-dollar insurance policy – if a proposal in the state legislature becomes law.
The bill in a state House committee would require any registered gun owner to have $1 million in liability insurance to cover damages due to negligent or willful acts with the weapon.
Kevin Martin, executive director of the Illinois Insurance Association says he’s never seen such a plan like the one sponsored by Rep. Ken Dunkin, a Democrat from Chicago.
Martin says the unprecedented measure seems to be simply a deterrent to gun ownership.
And, he says it would also be a risky policy because there are too many unknown variables in underwriting something like that.
Despite the fact that the bill would mean more business for his clients, Martin says insurers usually have strong reservations about proposals to mandate coverage.
Representative Dunkin did not return WBBM’s calls for comment.
That’s a great trick Rep. Dunkin. By that logic they should also require insurance for all aspects of one’s life. Especially with regard to vehicles. No more requiring insurance just to drive. You must have it to have a car.
