Gun Control through Liability Insurance: You Need at least $1 Million to Own a Gun
A bill was introduced in the State Assembly by Felix Ortiz (D-Brooklyn) that would require citizens of New York to acquire liability insurance as a condition to gun ownership.
Bill S2353 will require all gun owners in NY to obtain and "continuously maintain" insurance coverage of at least $1 million, or they will suffer "immediate revocation of such owner's registration, license and any other privilege to own" a firearm.
If the citizen fails to obtain the insurance, then by simply owning the firearm, they will be in violation of the law.
It is estimated that the required $1 million liability policy would cost a holder $1600-2000 annually.
If the bill is passed, gun owners will have 30 days to get the insurance.