http://www.washingtontimes.com/news/2013/feb/19/ny-bill-would-force-gun-owners-buy-least-1m-insura/
Any person who has not purchased insurance in compliance with the law within 30 days of its passing would be in violation of the law.
Such an occurrence �shall result in the immediate revocation of such owner�s registration, license and any other privilege to own such firearm.�
The bill also states that if a gun is stolen, the legal owner of that gun is responsible for any damage incurred until a loss or theft is reported to the police department.
Liability insurance for $1 million in coverage for gun owners is estimated to cost between $1,600 and $2,000 annually, the Examiner reports.
Any person who has not purchased insurance in compliance with the law within 30 days of its passing would be in violation of the law.
Such an occurrence �shall result in the immediate revocation of such owner�s registration, license and any other privilege to own such firearm.�
The bill also states that if a gun is stolen, the legal owner of that gun is responsible for any damage incurred until a loss or theft is reported to the police department.
Liability insurance for $1 million in coverage for gun owners is estimated to cost between $1,600 and $2,000 annually, the Examiner reports.