ama insurance for members
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AMA Insurance for Members. A lot of insurance benefit for little cost!!. 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 member’s negligence! - PowerPoint PPT PresentationTRANSCRIPT
AMA Insurance for AMA Insurance for MembersMembersA lot of insurance benefit for A lot of insurance benefit for little cost!!little cost!!
Did you know??Did you know??Included in your dues AMA provides Included in your dues AMA provides
Liability insurance to protect you, Liability insurance to protect you, your family, and your assets!!your family, and your assets!!– And it pays if you are injured by And it pays if you are injured by
another member’s negligence!another member’s negligence!
Medical insurance to cover unpaid Medical insurance to cover unpaid bills!!bills!!
Fire and theft insurance on your Fire and theft insurance on your models!!models!!
How much protection do How much protection do I get?I get? Liability insurance limits of $2,500,000 Liability insurance limits of $2,500,000
per accidentper accident– $250 property damage deductible$250 property damage deductible
Medical coverage limits of $25,000Medical coverage limits of $25,000(plus $10,000 death benefit and(plus $10,000 death benefit anddismemberment benefits)dismemberment benefits)
Model fire & theft damage coverage upModel fire & theft damage coverage upto $1,000 per memberto $1,000 per member
What makes that such a What makes that such a great deal?great deal? $2,500,000 homeowners insurance $2,500,000 homeowners insurance
with an umbrella would probably cost with an umbrella would probably cost you you at leastat least $400!! $400!!
Medical insurance with a $25,000 limit Medical insurance with a $25,000 limit would probably cost $20 per month.would probably cost $20 per month.
And the model fire & theft insurance And the model fire & theft insurance can only be purchased with a can only be purchased with a homeowners policy, at additional homeowners policy, at additional premium.premium.
And all of this is And all of this is INCLUDED INCLUDED
in your $58 annual in your $58 annual dues.dues.
Along with lots of other AMA Along with lots of other AMA benefits.benefits.
You Know What??You Know What??
AMA Membership AMA Membership Really Is A Bargain!!!Really Is A Bargain!!!
Who is Insured?Who is Insured?
Liability Liability InsuranceInsurance
Paid MembersPaid Members VolunteersVolunteers Intro PilotsIntro Pilots Chartered ClubsChartered Clubs Site Owners Site Owners
(when requested) (when requested) Show OrganizersShow Organizers Event SponsorsEvent Sponsors Contest DirectorsContest Directors
Medical CoverageMedical Coverage Paid members onlyPaid members only
Model Aircraft Fire Model Aircraft Fire & Theft Coverage& Theft Coverage
Paid members onlyPaid members only
What is Liability What is Liability Insurance?Insurance?And why do I need it? And why do I need it? Liability insurance protects you from Liability insurance protects you from
claims or lawsuits claiming your legal claims or lawsuits claiming your legal responsibility for damage or injury responsibility for damage or injury caused by your caused by your negligentnegligent act(s). act(s). – Protection against negotiated settlement Protection against negotiated settlement
or court judgments.or court judgments.– Pays for the cost of investigation and Pays for the cost of investigation and
legal costs, including defense attorney legal costs, including defense attorney fees. fees.
– Interest on judgments and other related Interest on judgments and other related costs. costs.
What are What are negligentnegligent acts? acts?
Examples:Examples: Loss of control of aircraft, strikes another Loss of control of aircraft, strikes another
member or spectator, or vehicle.member or spectator, or vehicle. Inattention or error in takeoff or landing, Inattention or error in takeoff or landing,
aircraft strikes person or vehicle. aircraft strikes person or vehicle. Helper injured by propeller when you Helper injured by propeller when you
accidentally hit the throttle. accidentally hit the throttle.
Clubs and club officers Clubs and club officers are covered also!are covered also! Premises liability, such as slip-and-Premises liability, such as slip-and-
fall due to defect in the premises, or fall due to defect in the premises, or bleacher collapse.bleacher collapse.
Injury or damage caused by club Injury or damage caused by club activities.activities.
Claim or suit against a club officer Claim or suit against a club officer alleging injury due to lack of safety alleging injury due to lack of safety enforcement or similar allegations of enforcement or similar allegations of officer officer negligencenegligence. .
Remember:Remember:
AMA liability insurance is a AMA liability insurance is a legal legal liabilityliability coverage. That means that coverage. That means that the the insuredinsured must be must be legally liablelegally liable due to due to negligencenegligence before payment before payment is offered to the injured party. is offered to the injured party.
– This is not a This is not a voluntaryvoluntary payment payment coverage. coverage.
All Policies Have All Policies Have ExclusionsExclusions Model to Model Model to Model
DamageDamage Family Member Family Member
InjuriesInjuries Obsolete Radio Obsolete Radio
Equipment (per Equipment (per FCC)FCC)
Frequency Frequency Interference Interference (unless event (unless event impound error)impound error)
Business Pursuits Business Pursuits (profit to individual (profit to individual members or their members or their business)business)
Automobile Automobile LiabilityLiability
Boats over 26’ Boats over 26’ longlong
And other And other “standard” “standard” exclusionsexclusions
Special FeatureSpecial FeatureSite Owner CoverageSite Owner Coverage
The $2,500,000 liability limit that The $2,500,000 liability limit that applies to site owners applies per applies to site owners applies per location (site), so the limit is available location (site), so the limit is available to the site owner at each insured site.to the site owner at each insured site.This means the site owner does not This means the site owner does not have to be concerned about sharing have to be concerned about sharing the limit with 2,500 other site owners. the limit with 2,500 other site owners.
The liability policy is The liability policy is excess coverageexcess coverage
Why?Why? Homeowners policy specifically Homeowners policy specifically
insures you and is primary.insures you and is primary. Required by insurance company to Required by insurance company to
keep premium cost down.keep premium cost down. Saves AMA and its members over Saves AMA and its members over
$100,000 each year in insurance $100,000 each year in insurance costs. costs.
Myth-BusterMyth-Buster
MythMythAMA insurance isn’t any good- looks for AMA insurance isn’t any good- looks for
ways to deny coverage.ways to deny coverage.FactFact
AMA and its insurance company have AMA and its insurance company have paid out almost $4 million for liability paid out almost $4 million for liability
claims since 1999.claims since 1999.Number of claims where AMA denied Number of claims where AMA denied
coverage is coverage is ZEROZERO
FACTFACT
Only one claim has been denied Only one claim has been denied in the last 20+ years.in the last 20+ years.– That was a member who That was a member who
intentionally flew his plane into a intentionally flew his plane into a blimp!!blimp!!
Myth-BusterMyth-Buster
MythMythAMA uses the waiver on the AMA uses the waiver on the
membership application to deny membership application to deny coverage based on assumption of coverage based on assumption of
risk. risk. FactFact
AMA has never denied a claim on the AMA has never denied a claim on the basis that an AMA member basis that an AMA member
acknowledged that model flying acknowledged that model flying posed risksposed risks
Want to know the value Want to know the value of AMA Liability of AMA Liability insurance? insurance?
Ask the members who had a serious or Ask the members who had a serious or catastrophic accident and AMA catastrophic accident and AMA
coverage stepped up to pay the injured coverage stepped up to pay the injured party, protecting the member, his family party, protecting the member, his family
and his assets.and his assets.Or the club that had a bad premises Or the club that had a bad premises
accident and AMA paid on behalf of the accident and AMA paid on behalf of the club. club.
AMA insurance is valuable, and it AMA insurance is valuable, and it works to protect YOU!!works to protect YOU!!
Questions? Questions?
Medical InsuranceMedical Insurance $25,000 limit $25,000 limit Voluntary CoverageVoluntary Coverage No requirement of fault (negligence)No requirement of fault (negligence) Covers only AMA membersCovers only AMA members While engaged in model operationsWhile engaged in model operations Excess of member’s own insuranceExcess of member’s own insurance $750 deductible$750 deductible
Death BenefitDeath Benefitand Dismemberment Benefitand Dismemberment Benefit
Pays $10,000 to the estate of any Pays $10,000 to the estate of any AMA member whose death is a AMA member whose death is a direct result from an accident direct result from an accident involving modeling activity.involving modeling activity.
Scheduled benefits for loss of Scheduled benefits for loss of eye, hand, foot, arm or leg.eye, hand, foot, arm or leg.
Why is it excess of my own Why is it excess of my own insurance? Why is the insurance? Why is the deductible $750?deductible $750? Excess of your own insurance is required Excess of your own insurance is required
by the insurance company.by the insurance company. Reduces cost to AMA and its members. Reduces cost to AMA and its members. Most members have group health Most members have group health
insurance- either private or Medicare.insurance- either private or Medicare.– No impact on their cost if they make a claim.No impact on their cost if they make a claim.
Deductible increase allowed AMA to Deductible increase allowed AMA to maintain the high limit. maintain the high limit.
Model Fire or Theft Model Fire or Theft CoverageCoverage $1,000 limit per member per year.$1,000 limit per member per year. $100 deductible.$100 deductible. Excess of homeowners or other Excess of homeowners or other
insuranceinsurance Covers fire damage while in a Covers fire damage while in a
structure or vehicle.structure or vehicle. Covers theft from a locked vehicle Covers theft from a locked vehicle
or structure.or structure.– If evidence of forced entry and If evidence of forced entry and
reported to police. reported to police.
Model Fire or Theft Model Fire or Theft CoverageCoverage Pays for material, components or Pays for material, components or
kits only.kits only. Only applies to model aircraft.Only applies to model aircraft. Does not insure your own labor.Does not insure your own labor. Material, components or kit costs Material, components or kit costs
must be documented by receipts must be documented by receipts or verification from hobby shop or or verification from hobby shop or other supplier.other supplier.
Must be for same or similar model.Must be for same or similar model.
Liability Claim ReportingLiability Claim Reporting
Any serious incident needs to be Any serious incident needs to be reported as soon as possible.reported as soon as possible.During regular business hours call the During regular business hours call the Special Services Department Special Services Department (SSD) (SSD) atat(800) 435-9262 and talk to Amy (800) 435-9262 and talk to Amy Wilson, ext. 252Wilson, ext. 252After hours, leave a voice mail After hours, leave a voice mail message or send an e-mail to message or send an e-mail to [email protected]@modelaircraft.org
Liability Claim ReportingLiability Claim Reporting
SeriousSerious bodily injury accidents require a bodily injury accidents require a different line of action and MUST be different line of action and MUST be reported to AMA reported to AMA right awayright away!!During regular business hours call (800) During regular business hours call (800) 435-9262 for Amy Wilson, ext 252 or 435-9262 for Amy Wilson, ext 252 or Ilona Maine, ext 251.Ilona Maine, ext 251.After hours or weekends call Carl After hours or weekends call Carl Maroney at (765) 749 2277 - Maroney at (765) 749 2277 - This is only This is only for emergencies!for emergencies!
What do you consider an What do you consider an emergency?emergency?Injury Injury requiring more than on-site requiring more than on-site
first aid, such as transport to a first aid, such as transport to a medical facility by ambulance or medical facility by ambulance or private vehicle. private vehicle.
Property Damage Property Damage resulting a resulting a severe damage to a structure, or severe damage to a structure, or a timber or grass fire endangering a timber or grass fire endangering persons or structures. persons or structures.
HQ Contact Information HQ Contact Information for Claims Reportingfor Claims Reporting Contact the Special Services Contact the Special Services
Department byDepartment by– Phone/Voice Mail: (800) 435-Phone/Voice Mail: (800) 435-
92629262Amy Wilson, extension 252Amy Wilson, extension 252
– [email protected]@modelaircraft.org
Medical Claims Medical Claims ProcedureProcedure You will be provided with a claim You will be provided with a claim
report form to be completed and report form to be completed and returned to AMA’s SSD.returned to AMA’s SSD.
SSD then reports the claim to SSD then reports the claim to Chubb Insurance Company for Chubb Insurance Company for handling. handling.
Model Fire or Theft Model Fire or Theft ClaimsClaims You will be provided a claim You will be provided a claim
report form to be completed and report form to be completed and returned to AMA’s SSD.returned to AMA’s SSD.
AMA will assign your claim to AMA will assign your claim to VeriClaim, an independent claim VeriClaim, an independent claim adjusting company, for handling. adjusting company, for handling.
To SummarizeTo Summarize
AMA insurance is a bargain for AMA insurance is a bargain for members and clubs.members and clubs.
We are here to help you with We are here to help you with insurance questions or claim issues. insurance questions or claim issues.
Contact us at AMA headquarters by Contact us at AMA headquarters by calling (800) 435-9262 and asking calling (800) 435-9262 and asking for the Special Services Department.for the Special Services Department.
DiscussionDiscussion
QuestionsQuestions CommentsComments ConcernsConcerns How can we help? How can we help?