Monday, June 05, 2017

Self Defense Insurance

We've blogged before about the challenges one faces if forced to use a weapon in self-defense, even folks with concealed carry permits. After all, you intentionally hurt or killed someone. The permit may help you out in court, but you're still on the hook for attorney's fees.

The problem is that your typical homeowner's policy (where one would ordinarily look for some help) excludes intentional acts like shooting someone, and there's no "except when they're attacking you or your loved ones" clause.

Recently, though, Erie Insurance has introduced its Select bundle, which "includes criminal defense cost reimbursement ... when the insured is found not guilty of the charges." Of course there are some hoops, but this is the first time we've seen a major carrier extending this kind of cover.

Kudos, Erie!

[Hat Tip: FoIB Bill M]
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