Insurer dropping some insurance coverage for gun shops

[livingston]

November 7, 2016
Insurer dropping some insurance coverage for gun shops

WATERBURY, Vt. — Vermont gun retailer Henry Parro is under fire from an unexpected source — his own insurer.

On Oct. 11, Philadelphia Insurance Companies informed Parro that his 34-year-old gun store in Waterbury was about to lose its insurance policy.

The reason the insurer gave, however, should concern gun shop owners everywhere.

“The reason for nonrenewal is due to a revision to the Company’s Underwriting Guidelines in which sales or rental of NFA Title II (aka class 3) weapons, modern sporting rifles, semi-automatic rifles, or components or accessories for any of these firearms are no longer an acceptable exposure,” the notice of nonrenewal states.

Insurer dropping some insurance coverage for gun shops - Watchdog.org

 

[Phazer]

Translation: "We're scared that if Hillary wins, the Leftists will expose us to unreasonable exposure for sale of legal products. So, we're outta here..."

 

[Celt]

So the Washington lobbyists that are behind Hitlery and her ilk are pushing on the insurance companies. So now this guy will have to pay higher premiums which will translate it to hire gun prices which will translate into fewer gun owners. All through the back door guys.

 

[Phazer]

So the Washington lobbyists that are behind Hitlery and her ilk are pushing on the insurance companies. So now this guy will have to pay higher premiums which will translate it to hire gun prices which will translate into fewer gun owners. All through the back door guys.

That's only IF he can find an insurance carrier to sell him a policy. If the Liberal Progressives get to all of the major insurance vendors and tell them that they will be liable for damages paid out due to third-party use of products sold by their clients, then all insurers will rewrite their policy exclusions and make firearms stores outright uninsurable.

Are we seeing this with stores that sell: Cigarettes, alcohol, automobiles, auto parts, industrial chemicals, paint, knives, etc? Of course not. This is a deliberate targeting of one product, period.

 

[C3D]

On this one I can't blame the insurance company. The risks of renting firearms are quite large, every range seems to get a suicide and many have ND shootings too.

 

[Phauxtoe]

Can you imagine if Hillary wins

 

[Defilade]

On this one I can't blame the insurance company. The risks of renting firearms are quite large, every range seems to get a suicide and many have ND shootings too.

Oh really? I bet it's a lot lower than Car rental Deaths/Accidents.

 

[Phazer]

On this one I can't blame the insurance company. The risks of renting firearms are quite large, every range seems to get a suicide and many have ND shootings too.

Fine. Then restrict rentals. But...that's not what the nonrenewal notice said.

From the article:

“The reason for nonrenewal is due to a revision to the Company’s Underwriting Guidelines in which sales or rental of NFA Title II (aka class 3) weapons, modern sporting rifles, semi-automatic rifles, or components or accessories for any of these firearms are no longer an acceptable exposure,” the notice of nonrenewal states.​

So, the insured entity is told that he cannot renew his policy if he even sells "...components or accessories for any of these firearms." THAT has nothing to do with rentals. They are trying to suppress all sales of these types of firearms.

 

[Dr. Evil]

Can you imagine if Hillary wins

Surely you're mistaken. I heard Hillary with my own two ears say she supported the 2nd Amendment.

 

[Arjuna]

Death by a thousand cuts

Lingchi - Wikipedia

 

[Saltwater60]

Surely you're mistaken. I heard Hillary with my own two ears say she supported the 2nd Amendment.

Oh yes I forgot that she supports the second ammendment, but only for the guys in black suits around her right??

 

[Cooolone]

Such utter BS, have the insurance company validate their insurance premiums -vs- liabilities and you'll see it's all BS. Fact is, just make it simple, find out the parent company of the insurer and buy the biggest Billboard ads telling the tale and let the people have their displeasure felt by dropping the company before it drops them in ANY coverage... Watch how quick their policy changes...

 

[pjzwtl]

Sounds like a good opportunity for a Pro 2A company to do well. Exposure for a retail shop cant be all that bad.

 

[prambo]

Looks like he picked the WRONG insurance company. Haven't a clue which one might be "2A friendly".

 

[Cleck]

Hmm, I wonder how companies are going to respond now that Trump has won and they know his feelings on the 2A? Would it be more PC now to sympathize to gun owners/mfr's?