Caleb thinks that Concealed Carry Insurance is a waste of money, because it’s what’s known as “Surplus Lines Insurance.” I don’t work in the insurance industry, as Caleb does, but it certainly makes sense that for an unusual policy, where risks are difficult to calculate, and costs won’t be spread out amongst a very large pool of policy holders, that you’re going to invariably be overcharged. Insurance companies typically don’t like placing bets if there’s a chance they’ll lose.
But being involved with having to defend yourself in court for a questionable suit does rise to the level of things one should consider buying insurance for, namely a devastating financial loss. But as a personal matter, I wouldn’t pay hundreds of dollars a year to cover something that’s a stunningly rare occurrence in the first place, and an even rarer to end up financially devastating if it does happen.
UPDATE: Xlrq has more on the topic here.