Here's the link to the Bill.
|Synopsis As Introduced:|
Amends the Firearm Owners Identification Card Act. Provides that any person who owns a firearm in this State shall maintain a policy of liability insurance in the amount of at least $1,000,000 specifically covering any damages resulting from negligent or willful acts involving the use of such firearm while it is owned by such person.
Provides that a person shall be deemed the owner of a firearm after the firearm is lost or stolen until such loss or theft is reported to the police department or sheriff of the jurisdiction in which the owner resides. Provides that the Department of State
Police shall revoke and seize a Firearm Owner's Identification Card previously issued under this Act if the Department finds that the person to whom such card was issued possesses or acquires a firearm and does not submit evidence to the Department of State Police that he or she has been issued in his or her name a liability insurance policy in the amount of at least $1,000,000 specifically covering any damages resulting from negligent or willful acts involving the use of such firearm while it is owned by such person. Effective January 1, 2010.
I'm sure this is just the first volley in the new war against gun ownership in this country. If they cannot do away with guns, they will make owning them prohibitively expensive. Isn't it fun living in a quasi-totalitarian country?
Here's a breakdown of the cost of this additional insurance: According to WikiAnswers, liability insurance for automobile coverage, with the lowest limits possible, (15000/person, 30,000/accident, 5,000/property damage, on average) runs from 40-60 dollars per month.
We'll assume the gun ownership insurance covers accidental or negligent incidents so we'll use the 30,000 limit. To cover $1,000,000 the multiplier is 33.333
That works out to $1,333 per month, or $15,996 per year - just in insurance costs! But the insurance companies might view this as more of a personal liability risk, so I think medical malpractice quotes might be more to the point.
The Professional Liability Committee did a survey of Professional Liability Insurance for Anesthesiologists and found that their coverage of $1,000,000 annually ran $18,112 (1985) up to $20,572 (2005).
That's about right. Spread the word to your fellow friends and co-workers and let them know what's going on. A call to your representative seems to be in order.