Gun safety through mandatory arms insurance

Gun safety through mandatory arms insurance

We can fix the gun problem and make America safer without an expensive, dangerous, and futile “War on Guns.” To solve the problem of keeping guns out of the wrong hands we must use an idea that limits losses from many other hazards: insurance. Mandatory insurance makes people be responsible for choices that impose risks on others. We must require gun owners at any instant (maker, seller or buyer) have liability insurance to cover any harms that weapon causes. Insurance payouts would go to the crime victims’ compensation fund, whenever a crime involving guns is committed or a gun mishap occurs. The more victims, the bigger the payout. The greater the damage (from intimidation to multiple murders and permanent crippling), the greater the payout. Insurers will also pay for other claims, such as when a minor commits suicide or kills a playmate with an unsecured weapon. Insurance is very effective in getting people to adopt safe practices in return for lower premiums. And when gun crimes occur, the firm insuring it pays the claim. If no gun is found or the gun is uninsured, every fund will pay a pro-rated share of the claims based on how many guns they insure. This will motivate insurers and responsible gun owners to treat uninsured guns as poison rather than an unavoidable result of the Second Amendment. Mandatory insurance will re-unite everyone’s interest in fighting the real problem with guns: guns in the hands of criminals, the reckless, the untrained, and juveniles. […]

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