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Published March 01, 2013, 05:47 PM

Three States Consider Requiring Extra Liability Coverage for Gun Owners

Three states are considering new laws that would force gun owners to buy additional insurance. In North Dakota, negligent gun incidents are already covered under homeowners' policies.

Three states are considering new laws that would force gun owners to buy additional insurance. In North Dakota, negligent gun incidents are already covered under homeowners' policies.

In New York, Califonia and Maryland lawmakers are considering bills to require gun owners to have one million dollar policies in liability insurance. Some say these types of laws effectively turn a right into a privilege, because premiums are anticipated to be as high as $2,000 thousand dollars per year. This could triple typical homeowners' policies. Though these potential changes may be taking place in faraway states, North Dakota could be impacted.

Kent Olson, Professional Insurance Agents of ND, "But a national company, such as State Farm or a national company has to spread that risk. So the risk from California or other states would eventually trend down into North Dakota."

According to the Legislative Council, they are "not aware of a bill draft relating to, or a study of, liability insurance as a condition of gun ownership" in North Dakota at this time.

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