Rapid-fire weapons capable of mass casualties would require higher premiums than less-lethal firearms. Some gun owners would avoid the high rates by purchasing less-lethal weapons, decreasing over time the number of rapid-fire weapons and their accessories in America.
Responsible gun ownership would increase. A weapon that is secured when not in use is less likely to be used in an illegal or harmful way. Requiring gun owners to carry theft insurance, for example, would provide an effective incentive for proper firearm storage. In addition, insurance companies can magnify this benefit by imposing caps on gun policies, making culpable gun owners personally liable for damages above the cap.
So what do the gun nuts think about this?