In a nutshell, a Concealed Carry (CCW) insurance policy offers several different services, including legal, medical, and liability, in the event you discharge your firearm in defense of your, your family’s or an innocent stranger’s life.
The need for CCW insurance falls into the same category as the need for a CCW permit. Too often because the majority of us have went our entire lives without needing either, we often feel both are an unnecessary expense. While I pray you never need it, I can almost guarantee should you find yourself in a deadly force situation you’ll regret not having spent the money. You would never think of driving your new car off the lot without insurance, so why tempt fate with losing everything you own through civil litigation?
There are a few different companies that offer concealed carry insurance. However, if you are a home owner you may already have certain coverage. On your homeowner’s policy look for certain clauses, i.e. “wrongful acts,” “intentional acts,” “self-defense,” or “reasonable force.” Keep in mind these clauses will most likely only cover occurrences inside the home or on your property and should examine the “fine print.” Look for it and read it.
Concealed carry insurance, self-defense insurance, gun owner insurance, stand your ground insurance, etc., is definitely a specialized niche, with only a few extant carriers. These are the best known carriers and what they offer:
CCW Safe is not actually insurance, but a subscription to a network of attorneys who specialize in this area. Membership pays legal costs defending any use of self-defense involving lethal force. Attorney use isn’t capped and includes mistrials, retrials and appeals, though not damages.
They’ll post up to $250,000 for a bond premium, which does not serve as bond collateral.
The base plan is $129 per year for singles or $199 per year for couples. Law enforcement or military personnel receive a $30 discount. Bond coverage is upgradeable to $1 million for an additional $50 per year for singles, and $80 for couples. A concealed license is required.
Concealed Weapon Insurance is actually insurance, and allocates up to $500,000 for civil defense, $150,000 for criminal defense, $15,000 for defense attorney retainer, $50,000 for body and property damage, and up to $550 per diem for lost wages.
Plans range from $179 to $379 per person per year. If a spouse purchases a policy, they’ll take $79 off the total. Coverage varies by plan, but all feature $50,000 for damages. Only acts of self-defense are covered, and a concealed license is required.
The US Concealed Carry Association offers insurance with membership. Plans range from $147 per year/$13 per month to $347 per year/$30 per month.
Coverage is $250,000 to $1 million for civil defense/damages, $50,000 to $100,000 for criminal defense, $2,500 to $10,000 for bail bond premiums and $250 to $500 per day lost to court proceedings. They’ll refer to you to a local attorney, and can get you psychological counseling.
They also toss in 8 annual issues of “Concealed Carry” magazine.
NRA Insurance for self-defense ranges from $165 to $600 per year, with $100,000 to $1 million in total coverage for civil defense and property/injury damages, and $50,000 to $100,000 for criminal defense. Spouses are included.
The NRA states very little, except that these are “reimbursements” which suggests an indemnity plan, which is where an insurance company pays you back for expenses, so you might have substantial costs up front.
Second Call Defense offers CCW insurance plans for $9.95, $19.95 or $39.95 per month. Coverage levels are available up to $250,000 (each) for civil damages, accidental shooting and criminal defense. The second- and third-most expensive plans include unlimited civil defense coverage.
Bond deposits range from $1,000 to $25,000, attorney retainers to $10,000, up to $2,000 for “aftermath cleanup” and up to $500 per diem in lost wages. It is the only policy to cover accidental shootings.
CCW insurance from the Self Defense Association comes in two plan levels: Silver and Gold. These memberships get you $100,000 or $250,000 in “self-defense coverage” for criminal and/or civil defense costs and bail bond coverage. Costs are $179 per year for Silver and $288 per year for Gold, which also gets carriers discounts at Cabela’s.
There are a few other companies offering similar services. While not strictly concealed carry insurance, per se, the U.S. Defense Shield Network and Armed Citizens Legal Defense Network will help pay a legal retainer in case of a self-defense incident. If considering this type of insurance, do some research and find out which coverage is the best for you and your family.