XINSURANCE Provides Concealed Carry Liability Coverage for Gun Owners with “A” Rated Insurer
Salt Lake City, Utah – XINSURANCE, powered by Evolution Insurance Brokers, LLC, provides owners of registered firearms with custom Firearm Liability coverage, underwritten by Prime Insurance Company, an “A” rated insurer with more than 40 years of experience delivering superior products. This is great news for gun owners looking to protect their assets in the event of an incident involving self-defense.
As a gun owner, you want to protect yourself and your family from potential life-threatening situations, whether these threats take place in your home, your place of business or while going about your daily activities. With this fundamental need to protect your loved ones, unfortunately, also comes liability risks should an incident occur where you find yourself threatened and forced to use your firearm in self-defense, or your firearm ends up stolen or misused. Even with all the training and the safety precautions you may take, potential liability risks still exist.
Just as you have taken the steps to protect your family with your registered firearm purchase, XINSURANCE is here to protect you with Concealed Carry Weapon insurance, also known as CCW or Firearm Liability insurance, in the event of an incident that results in an unforeseen accident or death that lands you in court defending your actions.
“Unlike other programs available on the market for gun owners through membership plans, the CCW policy with XINSURANCE is written with an experienced, top-tier AM Best rated insurance company with the capital and surplus to continue to provide coverage year after year and deliver in the event of a covered claim,” explains Rick J. Lindsey, Chairman and CEO, Prime Insurance Company.
In fact, most “insurance policies” on the market are not actually insurance policies, even though that is the marketing term used. These policies offer legal protection and assistance only, and do not provide any Liability coverage.
“In addition, as a policyholder with XINSURANCE, you will receive robust claims support with our in-house claims team, adjusters, and a staff of attorneys, providing legal advice and vigorous defense against frivolous claims that today’s defendants face as a result of an aggressive plaintiff bar and unfair settlement requests and massive verdicts,” continues Lindsey.
The CCW insurance program from XINSURANCE provides individual gun owners with coverage that includes: the expense of posting bail bonds to stay out of prison as a case unfolds (as long as you purchase Legal Liability coverage); confiscation of weapons until the situation is resolved (assuming the outcome is in the defendant’s favor); the fees for legal defense services; and civil damages as a result of an unfavorable judgment – up to the policy’s limit.
Policy limits are available up to $10 million and coverage customization is available for gun owners. This is not a one-size-fits-all policy and, depending on your needs, XINSURANCE can tailor the coverage to fit your specific risk profile. For example, a business owner may have a concealed weapon at his or her operation to protect against potential robbers and vandals, and thus is in need of specialized coverage. A security guard requires specialized coverage, too. In addition, gun owners with strong training may also receive customized pricing to reflect their additional firearms experience.
The low-cost CCW policy in most cases is similar to buying homeowners insurance to protect against liability risks.
It’s important to note that the policy may not be available in every state depending on applicable state and local laws.
Sobering gun statistics support the need for individuals to protect themselves with the purchase of CCW insurance. In 2017, the most recent year for which complete data is available, 39,773 people died from gun-related injuries, of which the majority was caused by handguns. While most injuries are caused by assault (76,258), a staggering 18,362 injuries are unintentional. Also, firearms are the second-leading cause of death for American children.
For more information about XINSURANCE’s Firearm Liability insurance program and to obtain a no-obligation quick price quote, please visit www.xinsurance.com/risk-class/concealed-weapons/.
Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.
