RCU Forums - View Single Post - FAA Issues "Interpretation of the special rule for model aircraft"
Old 08-20-2014, 02:42 PM
  #745  
cj_rumley
 
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Originally Posted by Charley
AMA pays "Low Dollar" claims. Big ones are paid by the insurance company. All that other stuff you quoted is not germane.

CR
AMA pays claims until a threshold of $250,000 is reached, and the insurance pays any amount of a single claim in excess of that figure (AMA still pays the first $250,000). That ain't Low Dollar to me..........

In the latest claims history on the AMA web site, the total of all liability claims for the year was about $50,000. The insurance company didn't pay a dime of it.