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Mark Maremont

Appearances

Apple News Today

Why “self-defense” insurance is becoming big business

544.98

So the people who might want this are people who own a gun and are concerned that if they get in some kind of an incident and they claim self-defense, but they get prosecuted or sued over it, that the legal costs can amount into the six figures easily.

Apple News Today

Why “self-defense” insurance is becoming big business

598.685

I think one of the criticisms of this type of plan, which the companies deny, is that it's a so-called moral hazard. In other words, if you buy one of these plans, you're more likely to want to use force because you think you're covered. You're more likely in a given situation to use your weapon or draw your weapon or what have you.

Apple News Today

Why “self-defense” insurance is becoming big business

628.839

So, for example, if you're robbing a bank and a security guard seems like they're threatening you and you shoot the security guard, that is not going to be covered.

Apple News Today

Why “self-defense” insurance is becoming big business

648.86

She immediately called the self-defense company and said, guess what? I shot in self-defense. You need to cover me. And they did initially, but then the self-defense insurance company, which was the U.S. Concealed Carry Association, did their own investigation and said, ah, this wasn't self-defense. We're going to drop you as a client.

Apple News Today

Why “self-defense” insurance is becoming big business

681.373

From a societal viewpoint, the question is, is this a good thing to have for society, or is this possibly leading people to be more aggressive with their weapons?