This one looked like the best coverage for the money, Home - Firearms Legal Protection LLC to me when I was looking into this type of insurance. They even cover bail after you get arrested.
I checked with my State Farm agent. He informed me that the umbrella policy will provide up to $1M in coverage for damages and legal costs in a civil suit prompted by an "unintentional act". So by unintentional, it would cover the costs of a lawsuit if someone is accidentally hurt in a self-defense situation. The umbrella policy will not cover anything related to criminal prosecution.
This was a pretty good thread. Thanks to everyone who presented other insurance options.
Correct me if I'm wrong but are you not immune from civil penalties/lawsuits if there are no charges filed/ it's a justified self defense shooting or you are found not guilty in the state of Indiana? Why would one need insurance for something like that? If it's found that you are guilty the civil penalties will be pointless because you will never, ever be able to pay the penalties on a inmate's salary. I can understand the need for insurance to cover the bail and lawyers fees but the other seems to be pointless. And like one of our other fine posters has pointed out, having insurance might actually play against you with the ones it counts most such as law enforcement officials and the prosecutor. But then what do I know, please see disclaimer below.
*Disclaimer* I'm not a lawyer, don't play one on TV and I didn't sleep at the Holiday Inn Express last night. Anything I have typed and posted is nothing more than conjecture and/or other opinions that mean nothing in the grand scheme of things.
OJ Simpson would approve this post. He skated in his criminal trial and then got hammered in a civil suit.
Here's what I don't get....Someone holds you at gunpoint, threatens your life, and you manage to somehow deter the subject. Let's say you shoot them. The situation gets diffused. No criminal charges are placed against you. Criminal charges are placed against the bad guy. Can the bad guy still sue you? If so how is this possible or right? Could a criminal sue you for shooting him while he's committing a crime?
I signed up myself and my wife with Second Call Defense. $25 a month. Prior to that I carried a self defense rider on a liability policy with Lockton (NRA endorsed insurance). Lockton Risk is also the carrier for my instructors liability insurance and they are in charge of the insurance for Second Call Defense. The underwriter is Lloyds of London.