RCU Forums - View Single Post - AMA hate?
Thread: AMA hate?
View Single Post
Old 03-31-2006 | 09:37 AM
  #105  
DR.B.S.
Senior Member
 
Joined: Apr 2003
Posts: 117
Likes: 0
Received 0 Likes on 0 Posts
From: Olcott, NY
Default RE: AMA hate?


ORIGINAL: F106A

Abel,
The $2.5 million came about because the property owners wanted more covereage to cover them in case of an accident.
This started when the owner of Elliot's field wanted an increase from $1 million to $2 million. Elliot contacted AMA and they said they couldn't provide it, so he found someone who could and started SFA. After a while, AMA found a way to provide the increased coverage.
When you think about it, $2.5 mil is not a lot of money anymore when talking about lawsuits.
BRG,
Jon
What happened to the SFA?