|
 The
licensed Firearms Liability Insurance (LFLI) is a comprehensive coverage combining
into one convenient package various types of legal liability protection you need
to guard against possible causes of litigation whilst on the legal use and handling
of your licensed firearms.
The modern insurance protects
and reimburses licensed holders of firearms of financial loss, up to the limit
of the policy, should you become legally obliged to third parties because of injury
or death and/or damage to their properties, as a result of your accidental acts,
involving your licensed firearms, such as accidental shooting of bystanders and
innocent civilians, stray bullets, damages to motor vehicles, building and glass
casings. It also pays you for expenses for your legal defense in the event that
litigations are filed against you because of such accidental acts, including medical
payments and funeral expenses resulting from accidental injury to others for which
you may be held legally responsible.
The insurance also extends
to provide license holders with Personal Accident cover and Medical Reimbursement.
Coverages
and Schedule of Limits of Indemnities
| Coverages |
Maximum
Limit
|
|
Death Indemnity
|
P 35,000
|
| Burial
and Funeral Expense |
P 15,000
|
Permanent
Disablement (Maximum
limit for Third Party Bodily Injury)
|
P 25,000
|
For
Third Party Property Damage
|
P 20,000
|
| Litigation
expenses, including attorneys fees and supplemental expenses for legal defense
|
P 10,000
|
Personal
accident insurance for holders of firearms license.
( P 50,000 to P 100,000 amount of coverage) |
P 50,000
- P 100,000
|
Who
May Be Covered
- A holder of legal firearm
license and/or permit to carry firearms outside of residence
- A member of any military
organization or law enforcement agencies, security guards and/or bodyguard of
VIP's, dignitaries, and public officials
|
