I built a Concorde 18 yrs ago.When it was time to test fly it I check on the AMA insurance.I found out that it is a secondary insurance.Your home owners insurance is in affect if you should have a accident.AMA would only cover the deductible.I don't know if things have changed since then. As for the test flight, it crashed and didn't make it far enough to hit anything but the ground. Two lessons learned. Check out your insurance and check the CG.
Go Fly it! Butch