Concealed carry insurance providers have witnessed a boom across the United States over the past few years.
The insurers have noticed unprecedented growth in applications, amid rising crime rates and a failure to stop criminals since the “Defund the Police” movement took hold in 2020, has driven more Americans to buy firearms for self-defense.
The latest Supreme Court (SCOTUS) decision forced blue states with draconian gun laws to loosen strict restrictions on who can carry in public, leading to a surge in the market in blue states.
Concealed carry holders must obtain insurance, in case they end up using their weapons and eventually facing legal fees due to criminal accusations or civil suits.
Delta Defense, the self-defense insurance company, which operates the U.S. Concealed Carry Association (USCCA), told Fox News that its membership has more than doubled from 300,000 in 2020 to 700,000.
The firm provides liability insurance coverage in acts of self-defense as part of membership plan, along with gun-safety education and training.
USCCA’s membership was at 50,000 only a decade ago.
The surge in applications is due to the “millions of brand new gun owners in the wake of, primarily, all the riots that happened in early 2020,” Tim Schmidt, CEO of Delta Defense and president and co-founder of USCCA, told Fox.
“A lot of people came to the realization that ‘Holy cow, I need to be able to defend myself, so I’m going to buy a gun,'” Schmidt said.
