Maloney bill would require liability insurance for gun owners

May 29, 2015
Press Release

WASHINGTON – Congresswoman Carolyn B. Maloney (D-NY) has introduced the Firearm Risk Protection Act (H.R. 2546) to require liability insurance coverage for gun owners. Maloney introduced identical legislation in the 113th Congress.

“We require insurance to own a car, but no such requirement exists for guns,” said Maloney. “The results are clear: car fatalities have declined by 25 percent in the last decade, but gun fatalities continue to rise. One reason is that auto insurance incentivizes precautions that reduce accidents, and make crashes less deadly. No similar incentives exist for gun owners. An insurance requirement would allow the free market to encourage cautious behavior and help save lives. Adequate liability coverage would also ensure that the victims of gun violence are fairly compensated when crimes or accidents occur.”

The bill would require gun buyers to have liability insurance coverage before being allowed to purchase a weapon and imposes a fine of $10,000 if an owner is found not to have the required coverage. Service members and law enforcement officers are exempt from the insurance requirement.