Bill in NY Would Require All Gun Owners to Maintain $1 Million Liability Insurance Policy
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From Examiner.com, A bill was introduced in the State Assembly by Felix Ortiz (D-Brooklyn) that would require citizens of New York to acquire liability insurance as a condition to gun ownership.
Bill A03908 will require all gun owners in NY to obtain and “continuously maintain” insurance coverage of at least $1 million, or they will suffer “immediate revocation of such owner’s registration, license and any other privilege to own” a firearm.
If the citizen fails to obtain the insurance, then by simply owning the firearm, they will be in violation of the law.
It is estimated that the required $1 million liability policy would cost a holder $1600-2000 annually.
If the bill is passed, gun owners will have 30 days to get the insurance.
Similar bills have been introduced in other states and gone nowhere, but due to New York’s strong anti gun legislature, this bill may have a chance of passing and it is believed Governor Cuomo would certainly be willing to sign it.