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All Forums >> RC Airplanes >> AMA Discussions >> AMA Insurance confusion.
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AMA Insurance confusion. - 11/13/2003 5:05:18 PM   
3d-aholic



Posts: 1997
Joined: 10/7/2003
From: Austin, TX, USA
Status: offline 		I've read alot about the fact that the AMA insurance only kicks in after your "homeowners" policy is used up. I don't understand that. I thought the homeowners policy covers theft, fire or destruction to your house. How can you homeowner policy cover anything you do 20 miles down the road at a field with a model aircraft?
       Post #: 1

RE: AMA Insurance confusion. - 11/13/2003 6:19:55 PM   
Matt Kirsch



Posts: 7087
Joined: 7/5/2002
From: Rochester, NY, USA
Status: offline 		It depends on your homeowner's policy, but in general they cover the homeOWNER. That's why they're called homeowner's policies.

(in reply to 3d-aholic)
       Post #: 2

RE: AMA Insurance confusion. - 11/13/2003 6:37:24 PM   
3d-aholic



Posts: 1997
Joined: 10/7/2003
From: Austin, TX, USA
Status: offline 		So if your homeowners policy doesn't cover anything than, AMA insurance takes the full brunt?

(in reply to Matt Kirsch)
       Post #: 3

RE: AMA Insurance confusion. - 11/13/2003 8:26:46 PM   
zxcv11



Posts: 380
Joined: 9/11/2003
From: Glenshaw, PA, USA
Status: offline 		anyone.....anyone??

(in reply to 3d-aholic)
       Post #: 4

RE: AMA Insurance confusion. - 11/13/2003 8:31:36 PM   
Mike in DC


 

Posts: 935
Joined: 8/14/2003
From: Washington, DC, USA
Status: offline 		Your homeowner's insurance typically has a "liability" component, that covers you if you are responsible for someone else's loss. Typically, this is something like someone slips on your walk, but the location is really not an issue, it's that you've been found at fault in someone else's loss.

Not all policies are the same, but I'd be very surprised if yours didn't have this liability component.

(in reply to 3d-aholic)
       Post #: 5

RE: AMA Insurance confusion. - 11/13/2003 8:40:11 PM   
smokingcrater


 

Posts: 2353
Joined: 9/20/2002
From: Up north, ND, USA
Status: offline 		Nearly all homeowner policies have it, and in fact the commonly called homeowner 4 coverage does also, this is for apartment renters and covers contents. Basically it is fairly broad liability coverage that covers almost anything except what is specifically spelled out as far as exclusions. (and I've never seen one that actually did exclude model RC)

and yes, if your homeowner's insurance doesn't cover it or you don't have it, AMA will possibly cover you then, assuming there wasn't a condition that was violated.

(in reply to 3d-aholic)
       Post #: 6

RE: AMA Insurance confusion. - 11/13/2003 9:04:14 PM   
MustangFan



Posts: 586
Joined: 3/25/2003
From: Canton, MI, USA
Status: offline 		Takes the full blunt ...

If you follow all their rules to the hilt ?

< Message edited by MustangFan -- 11/13/2003 4:04:42 PM >

_____________________________

Thats Just My Opinion - I Could Be Wrong ( Dennis Miller )

(in reply to 3d-aholic)
       Post #: 7

RE: AMA Insurance confusion. - 11/13/2003 9:09:03 PM   
3d-aholic



Posts: 1997
Joined: 10/7/2003
From: Austin, TX, USA
Status: offline
quote:

ORIGINAL: MustangFan
If you follow all their rules to the hilt ?

Thank you...yes the inevitable "If". I guess if you forget to pie before you start flying, technically, you could be flying recklessly.

I was reading in some other thread on the Tail touch thing I believe, that AMA has gotten out of every claim its every hard....hopefully thats not true.

(in reply to MustangFan)
       Post #: 8

RE: AMA Insurance confusion. - 11/13/2003 9:36:16 PM   
J_R


 

Posts: 4446
Joined: 1/4/2002
From: Corona, CA,
Status: offline
quote:

ORIGINAL: 2MuchThrow
<SNIP>
I was reading in some other thread on the Tail touch thing I believe, that AMA has gotten out of every claim its every hard....hopefully thats not true.

As you are now aware, the AMA coverage is secondary to Homeowner's or any other insurance you have. For those that have no other insurance, it is primary.

Ask the person that posted that to name just ONE instance where the AMA's insurance did not cover the incident, where there was not other insurance in place.

JR

(in reply to 3d-aholic)
       Post #: 9

RE: AMA Insurance confusion. - 11/13/2003 9:42:38 PM   
3d-aholic



Posts: 1997
Joined: 10/7/2003
From: Austin, TX, USA
Status: offline
quote:

ORIGINAL: J_R

Ask the person that posted that to name just ONE instance where the AMA's insurance did not cover the incident, where there was not other insurance in place.

JR

I never really believed that anyway...seems "statistically" and "legally" impossible. But they indicated that the homeowners policy takes most of the brunt and AMA is deflected or something to that nature. Law is such an imprecise thing, no-one gets away with everything forever...there is always an exception.

I do know that my insurance agent for my car is always telling me I have to increase my liability to exceed the value of my home, because, if not, they will go after the home if you are in an accident and its found to be my fault. The fact there is additional liability protection in the homeowners insurance means, she is a tiny bit lieing...

(in reply to J_R)
       Post #: 10

RE: AMA Insurance confusion. - 12/31/2003 9:43:24 AM   
flicka5



Posts: 634
Joined: 3/1/2002
From: Jamestown, NY, USA
Status: offline 		Talked the AMA insurance expert ( he is a lawyer) at the Toledo Expo. AMA booth a few yrs. back and he told me that there has only been one case where AMA insurance would not pay a claim over the last 20 some years that he had knowledge about. The myth that AMA insurance doesn't pay claims is just that, total nonsense! They have paid out millions of dollars in claims! Don't let anyone fly at your club field without AMA coverage, period.

(in reply to 3d-aholic)
       Post #: 11

RE: AMA Insurance confusion. - 12/31/2003 10:09:17 AM   
RichLockyer



Posts: 154
Joined: 12/28/2003
From: Chino, CA, USA
Status: offline
quote:

ORIGINAL: 2MuchThrow
I do know that my insurance agent for my car is always telling me I have to increase my liability to exceed the value of my home,

While it's really not a bad idea, this is an agent wanting to sell you more insurance.
GENERALLY (not always) claims will not exceed the amount of insurance that you have (assuming you have a reasonable amount). Nobody wants an uncollectable debt, and (again, in general), the only time your home would be at risk would be in cases of intentional actions or extreme gross negligence.
If you have no equity in your home, there's nothing to go after. They can put a lien on your property so that you cannot sell it without paying them, but your mortgage would have to be satisfied first. If you owe 50k and sell for 100k, then they would get the second 50k. AFAIK, a sale cannot be forced except in certain special cases such as divorce.

But on the insurance, if you have 50k in coverage, you can bet your patootie that the lawsuit will be either for 50k, or will settle out of court for 50k and not a penny less. If you bump your coverage to 100k, same thing. Deep pockets rules the legal world. WE generally don't have deep pockets, so are generally off of the radar scope.

If you have bought the cheapest policy available that barely satisfies your state's requirements, then ya, things might be different. Minimum coverage will not replace an SUV or luxury car if you happen to total it.
On the flip side, if you can't afford more than the minimum, then you may not be worth going after for more.

(in reply to 3d-aholic)
       Post #: 12

RE: AMA Insurance confusion. - 1/25/2004 5:30:43 AM   
neacp06


 

Posts: 1
Joined: 1/25/2004
From: , NH, USA
Status: offline 		I think this is really discrimination. If I rent an apartment and have no home owners then AMA will pay the claim. But if I own a home then I am liable for the claim. Which in turn will drive up my premiums thru the roof. Not fair to the home owner. I think AMA should pay the claim regardless if I own a home or not. This really irks me.

(in reply to 3d-aholic)
       Post #: 13

RE: AMA Insurance confusion. - 1/25/2004 7:59:11 AM   
NdFrSpeed



Posts: 442
Joined: 1/28/2002
From: Anchorage, AK, USA
Status: offline 		This is a little confuseing,one says homeowners kicks in first,AMA second,but another says AMA has paid out Millions,now if homeowners kicks in first,Its hard to see how AMA has paid out Millions.

NdFrSpeed

(in reply to neacp06)
       Post #: 14

RE: AMA Insurance confusion. - 1/25/2004 2:52:37 PM   
J_R


 

Posts: 4446
Joined: 1/4/2002
From: Corona, CA,
Status: offline 		Homeowners does kick in first. Most claims probably never even come to the attention of the AMA. Some claims are by those that have no other insurance, and, of course, the AMA is aware of those and pays them. This is the reason the premiums for the AMA liability insurance is reasonably low... a premium reflected in the dues. If this were a primary policy, I would not even venture a guess as to the cost. As a group, we all benefit from the low premium.

You have to keep in mind that about 50% of the claims are generated against clubs and landlords. Normally, the clubs have no other insurance and the landlord coverage is primary, not secondary. These are the areas where a lot of the larger claims are paid. These are the coverages, to a large extent, that allow us to have flying sites. How many landlords would allow our activities without coveage? There are even some landlords that would not allow club meetings to take place without coveage... places where there is no flying at all.

The largest bodily injury settlement, due to flying, was 1.3 million to a CL participant. The largest property damage settlement was for a fire casued by a FF model. Those do n