ORIGINAL: MHawker
Could the same be applied to the idea that one's homeowner's insurance is the primary insurance? Doesn't the AMA get a free ride in that case while the homeowner still pays the dues?
Not so in my opinion. When I consider the amount I pay for HO insurance for a paltry $300,000 liability protection and what I "pay" AMA for two-million additional coverage and protection, actually I think I am getting the free ride. My Liability Umbrella Policy also costs significantly more than AMA, but if it saves the farm some day then it's a good investment.
Those really getting a "FREE ride" are those that have no primary liability insurance and AMA serves that purpose. OTOH, I am very happy that they're covered should they do me damage.[8D]