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Podcast Appearances
Let's turn now to a rise in an unusual type of insurance, a policy that protects you if you shoot someone in self-defense. For as little as $11 a month, you can purchase a plan that can include a range of services, from bail and criminal defense lawyers to higher-end plans with coverage for TSA violations and even crime scene cleanups.
Mark Merrimount is a senior editor with The Wall Street Journal. He described to us how these policies come into play for gun owners.
Mark Merrimount is a senior editor with The Wall Street Journal. He described to us how these policies come into play for gun owners.
Mark Merrimount is a senior editor with The Wall Street Journal. He described to us how these policies come into play for gun owners.
The Journal reports that about 2 million Americans have purchased these plans. In recent years, there's been a rise in gun ownership, more stand-your-ground laws, and more states allowing gun owners to carry concealed weapons without permits.
The Journal reports that about 2 million Americans have purchased these plans. In recent years, there's been a rise in gun ownership, more stand-your-ground laws, and more states allowing gun owners to carry concealed weapons without permits.
The Journal reports that about 2 million Americans have purchased these plans. In recent years, there's been a rise in gun ownership, more stand-your-ground laws, and more states allowing gun owners to carry concealed weapons without permits.
Most of the companies that offer these insurance plans provide nationwide coverage, but states like New York and Washington have taken legal action against them, in some cases arguing that it goes against laws that prohibit insuring intentional illegal acts. Marymount says that the proliferation of this insurance has led to a lot of concerns.
Most of the companies that offer these insurance plans provide nationwide coverage, but states like New York and Washington have taken legal action against them, in some cases arguing that it goes against laws that prohibit insuring intentional illegal acts. Marymount says that the proliferation of this insurance has led to a lot of concerns.
Most of the companies that offer these insurance plans provide nationwide coverage, but states like New York and Washington have taken legal action against them, in some cases arguing that it goes against laws that prohibit insuring intentional illegal acts. Marymount says that the proliferation of this insurance has led to a lot of concerns.
But to be clear, the fine print of many of these policies is intended to keep strict standards for self-defense.
But to be clear, the fine print of many of these policies is intended to keep strict standards for self-defense.
But to be clear, the fine print of many of these policies is intended to keep strict standards for self-defense.
Then there are some cases, like one in Louisiana, where a woman purchased a gun and an insurance policy on the same day and almost two weeks later shot and killed her estranged husband.
Then there are some cases, like one in Louisiana, where a woman purchased a gun and an insurance policy on the same day and almost two weeks later shot and killed her estranged husband.
Then there are some cases, like one in Louisiana, where a woman purchased a gun and an insurance policy on the same day and almost two weeks later shot and killed her estranged husband.
The woman sued the company, but was later found guilty of second-degree murder and obstruction of justice. Her conviction is now on appeal. As more people purchase these policies, it sparks a major question.
The woman sued the company, but was later found guilty of second-degree murder and obstruction of justice. Her conviction is now on appeal. As more people purchase these policies, it sparks a major question.
The woman sued the company, but was later found guilty of second-degree murder and obstruction of justice. Her conviction is now on appeal. As more people purchase these policies, it sparks a major question.
The insurance companies themselves say they have very low case numbers. Some attribute that to success in educating and training members on when and when not to use force. And as the journal points out, low case numbers means only spending a small fraction of revenue defending clients. That makes this a particularly profitable, fast-growing industry.