ORIGINAL: KidEpoxy
JT
As I understand it, here in Texas you can opt out of buying auto insurance if you can assure that you are financially able to compensate for any damages.
back in the 80s in California,
you could post a $35k bond to the DMV and drive on that in lieu of insurance.
When you are done driving (presumable decades later) you turn in your license and get your bond money back
So yes,
You put up $x and get $x back
= decades of driving without insurance for 'free'.
What happened in the 80's stayed in the 80's:-) Nowadays you would need a bond in the order of millions, just think the damage and deaths you can cause with a car...
But the fact is that if you have a home, and you have homeowners insurance, you can get a umbrella coverage on that and be covered by a couple of millions. So you would be safe to fly at some farmer's, aunt or friend's field. If something happens, they will sue you, and your umbrella will respond defending you and paying for your actions. So, risk averted.
But, that will not change the fact that private clubs might ask you to own AMA's insurance. Or IMAA membership on top and above the AMA membership. And then, the club membership fee when you register, and then the annual fees, but that is another story.
Gerry