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-   -   Help Reduce AMA's Potential Liability. (https://www.rcuniverse.com/forum/ama-discussions-74/635678-help-reduce-amas-potential-liability.html)

Hossfly 03-19-2003 10:53 PM

Help Reduce AMA's Potential Liability.
 
Hey, I just reduced AMA's Potential Liability by picking up another
$1,000,000 in PRIMARY Insurance.

If everyone would do this, then certainly AMA could reduce payouts and be in a much more favorable position for Insurance quotes/rates.

Horrace Cain
AMA 539

________UMA #7160____________

Live Wire 03-20-2003 02:39 AM

Help Reduce AMA's Potential Liability.
 
That don't make sense. With more prime you would not need AMA. and I will never be able to fly a Muncie!

arw9fmw 03-20-2003 04:27 AM

AMA Insurance
 
Having primary insurance outside of the AMA makes very good sense if you don't trust the AMA or their insurance program.

I carry a Umbrealla Liability Insurance policy with $3,000,000 limits. Cost is a little over $200 per year if your Home Owners Policy limits are $300,00.

Hossfly 03-20-2003 05:57 AM

Help Reduce AMA's Potential Liability.
 
>>>>>>>>>>
Thanks Horrace. The way you fly we will save mucho...

<<<<<<<<<<<

Hey, you musta' been watchin' me at our last Fun Fly. I flew like I had never seen an RC before. That was some kinda' BAD!!

And Jack M., I totally trust AMA's insurance -- not a problem.

However the way Insurance costs are escalating here in TX, I would rather not have to go into my personal policies if I can avoid it. You are getting your Umbrella at about a 50% rate of what I pay USAA for mine.
$38 a year for far less restricted PRIMARY, as compared to AMA's secondary, is peanuts to what the increase would be if I hit the personal polices for a million or so.
For less than a $100 per year I get far more insurance, UMA & AMA, than commercial provides. Everything together, I could well protect the estate. Heck, I can live with that.
IMO, I am better providing for myself and increasing the buffer for AMA against a potential pay-out.
Makes sense to me.


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