AMA Insurance for Members

1
AMA Insurance for Members

• A lot of insurance benefit for little cost!!

2
Did you know??Included in your dues AMA provides

• Liability insurance to protect you, your family,
  and your assets!!
• And it pays if you are injured by another
  members negligence!
• Medical insurance to cover unpaid bills!!
• Fire and theft insurance on your models!!

3
How much protection do I get?

• Liability insurance limits of 2,500,000 per
  accident
• 250 property damage deductible
• Medical coverage limits of 25,000(plus 10,000
  death benefit anddismemberment benefits)
• Model fire theft damage coverage upto 1,000
  per member

4
What makes that such a great deal?

• 2,500,000 homeowners insurance with an umbrella
  would probably cost you at least 400!!
• Medical insurance with a 25,000 limit would
  probably cost 20 per month.
• And the model fire theft insurance can only be
  purchased with a homeowners policy, at additional
  premium.

5

• And all of this is INCLUDED
• in your 58 annual dues.
• Along with lots of other AMA benefits.

6
You Know What??AMA Membership Really Is A
Bargain!!!
7
Who is Insured?

• Liability Insurance
• Paid Members
• Volunteers
• Intro Pilots
• Chartered Clubs
• Site Owners (when requested)
• Show Organizers
• Event Sponsors
• Contest Directors

• Medical Coverage
• Paid members only
• Model Aircraft Fire Theft Coverage
• Paid members only

8
What is Liability Insurance?And why do I need
it?

• Liability insurance protects you from claims or
  lawsuits claiming your legal responsibility for
  damage or injury caused by your negligent act(s).
  
• Protection against negotiated settlement or court
  judgments.
• Pays for the cost of investigation and legal
  costs, including defense attorney fees.
• Interest on judgments and other related costs.

9
What are negligent acts?

• Examples
• Loss of control of aircraft, strikes another
  member or spectator, or vehicle.
• Inattention or error in takeoff or landing,
  aircraft strikes person or vehicle.
• Helper injured by propeller when you accidentally
  hit the throttle.

10
Clubs and club officers are covered also!

• Premises liability, such as slip-and-fall due to
  defect in the premises, or bleacher collapse.
• Injury or damage caused by club activities.
• Claim or suit against a club officer alleging
  injury due to lack of safety enforcement or
  similar allegations of officer negligence.

11
Remember

• AMA liability insurance is a legal liability
  coverage. That means that the insured must be
  legally liable due to negligence before payment
  is offered to the injured party.
• This is not a voluntary payment coverage.

12
All Policies Have Exclusions

• Model to Model Damage
• Family Member Injuries
• Obsolete Radio Equipment (per FCC)
• Frequency Interference (unless event impound
  error)

• Business Pursuits (profit to individual members
  or their business)
• Automobile Liability
• Boats over 26 long
• And other standard exclusions

13
Special FeatureSite Owner Coverage

• The 2,500,000 liability limit that applies to
  site owners applies per location (site), so the
  limit is available to the site owner at each
  insured site.
• This means the site owner does not have to be
  concerned about sharing the limit with 2,500
  other site owners.

14
The liability policy is excess coverage

• Why?
• Homeowners policy specifically insures you and is
  primary.
• Required by insurance company to keep premium
  cost down.
• Saves AMA and its members over 100,000 each year
  in insurance costs.

15
Myth-Buster

• Myth
• AMA insurance isnt any good- looks for ways to
  deny coverage.
• Fact
• AMA and its insurance company have paid out
  almost 4 million for liability claims since
  1999.
• Number of claims where AMA denied coverage is ZERO

16
FACT

• Only one claim has been denied in the last 20
  years.
• That was a member who intentionally flew his
  plane into a blimp!!

17
Myth-Buster

• Myth
• AMA uses the waiver on the membership application
  to deny coverage based on assumption of risk.
• Fact
• AMA has never denied a claim on the basis that an
  AMA member acknowledged that model flying posed
  risks

18
Want to know the value of AMA Liability
insurance?

• Ask the members who had a serious or catastrophic
  accident and AMA coverage stepped up to pay the
  injured party, protecting the member, his family
  and his assets.
• Or the club that had a bad premises accident and
  AMA paid on behalf of the club.
• AMA insurance is valuable, and it works to
  protect YOU!!

19

• Questions?

20
Medical Insurance

• 25,000 limit
• Voluntary Coverage
• No requirement of fault (negligence)
• Covers only AMA members
• While engaged in model operations
• Excess of members own insurance
• 750 deductible

21
Death Benefitand Dismemberment Benefit

• Pays 10,000 to the estate of any AMA member
  whose death is a direct result from an accident
  involving modeling activity.
• Scheduled benefits for loss of eye, hand, foot,
  arm or leg.

22
Why is it excess of my own insurance? Why is the
deductible 750?

• Excess of your own insurance is required by the
  insurance company.
• Reduces cost to AMA and its members.
• Most members have group health insurance- either
  private or Medicare.
• No impact on their cost if they make a claim.
• Deductible increase allowed AMA to maintain the
  high limit.

23
Model Fire or Theft Coverage

• 1,000 limit per member per year.
• 100 deductible.
• Excess of homeowners or other insurance
• Covers fire damage while in a structure or
  vehicle.
• Covers theft from a locked vehicle or structure.
• If evidence of forced entry and reported to
  police.

24
Model Fire or Theft Coverage

• Pays for material, components or kits only.
• Only applies to model aircraft.
• Does not insure your own labor.
• Material, components or kit costs must be
  documented by receipts or verification from hobby
  shop or other supplier.
• Must be for same or similar model.

25
Liability Claim Reporting

• Any serious incident needs to be reported as
  soon as possible.
• During regular business hours call the Special
  Services Department (SSD) at(800) 435-9262 and
  talk to Amy Wilson, ext. 252
• After hours, leave a voice mail message or send
  an e-mail to amyw_at_modelaircraft.org

26
Liability Claim Reporting

• Serious bodily injury accidents require a
  different line of action and MUST be reported to
  AMA right away!
• During regular business hours call (800)
  435-9262 for Amy Wilson, ext 252 or Ilona Maine,
  ext 251.
• After hours or weekends call Carl Maroney at
  [phone] - This is only for emergencies!

27
What do you consider an emergency?

• Injury requiring more than on-site first aid,
  such as transport to a medical facility by
  ambulance or private vehicle.
• Property Damage resulting a severe damage to a
  structure, or a timber or grass fire endangering
  persons or structures.

28
HQ Contact Information for Claims Reporting

• Contact the Special Services Department by
• Phone/Voice Mail [phone]
• Amy Wilson, extension 252
• E-mail
• amyw_at_modelaircraft.org

29
Medical Claims Procedure

• You will be provided with a claim report form to
  be completed and returned to AMAs SSD.
• SSD then reports the claim to Chubb Insurance
  Company for handling.

30
Model Fire or Theft Claims

• You will be provided a claim report form to be
  completed and returned to AMAs SSD.
• AMA will assign your claim to VeriClaim, an
  independent claim adjusting company, for
  handling.

31
To Summarize

• AMA insurance is a bargain for members and clubs.
• We are here to help you with insurance questions
  or claim issues.
• Contact us at AMA headquarters by calling (800)
  435-9262 and asking for the Special Services
  Department.

32
Discussion

• Questions
• Comments
• Concerns
• How can we help?