About to buy first carry ins. What amount of $$ liability works for most situations?

[Ignition Override]

USCCA:

A very middle-aged buddy bought it and selected the $2,000,000 option.
An older (also retired) coworker also bought USCCA, but I have no idea how much coverage he selected.

When the 'younger' guy told me that he had read about the average Civil lawsuit amounting to approx. $400,000 (if so), it seemed that the $1,000,000 option should work, in the vast majority of cases?

Maybe this is too blunt and appears over-simplified for the two options I'm considering.

 

[RETG]

I would seriously take into consideration where you live, and you current financial status including your assets. Possibly increasing insurance as you earn more, obtain more.

 

[patmccoy]

Liability insurance is to protect your assets, current and future (including future income). Use that as a basis for your decision.

 

[WestTexShooter]

Liability insurance is to protect your assets, current and future (including future income). Use that as a basis for your decision.

So then, they should be paying me?

 

[SilentStalker]

Carry insurance? Someone please explain. How many people out there do you think actually have this?

 

[jar]

Carry insurance? Someone please explain. How many people out there do you think actually have this?

At least one. And remember, even if a shooting is determined to have been legal and justified you can still face civil suits. Carry insurance is basically the same as all other liability insurance, meant to cover both legal expenses as well as a limited amount of any financial judgements.

 

[SilentStalker]

Good providers? Premiums?

 

[Kendahl]

In my opinion, the two best programs are CCW Safe and Armed Citizens Legal Defense Network. CCW Safe is the stronger one but costs substantially more. ACLDN doesn't provide as much but is far less expensive. It has been around much longer and has an excellent reputation. Its board of directors consists of legendary names in self defense instruction.

Both programs have websites that describe how their plans work. I suggest going over them in fine detail and asking questions about anything that concerns you. Both are very good about responding.

Andrew Branca, author of The Law of Self Defense, produced a video that covers what to look for in a self defense "insurance" program. See www.lawofselfdefense.com/insurance-explained. At about $100, the video isn't cheap but, unless you have spent considerable time pondering the subject, I believe it's worth the investment. I have thought about it and still learned from the video.

 

[Ignition Override]

My initial post mentioned than an older (*also retired*) coworker bought USCCA insurance.
I retired almost two years ago.

One benefit would be to be able to pay for defense against a criminal charge.
Maybe it wasn't very obvious that the other benefit is to pay for defense against a civil lawsuit.

The idea of spending approx. 25% of my retirement on lawyers is a most unpleasant thought. My USAA (insurance) generic "umbrella policy" probably won't cover what we are discussing.