AMA Insurance for Members

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! • Medical insurance to cover unpaid bills!! • Fire and theft insurance on your models!!

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

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.

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

You Know What??AMA Membership Really Is A Bargain!!!

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 Who is Insured?

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.

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.

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.

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.

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 All Policies Have Exclusions

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.

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.

Myth-Buster Myth AMA insurance isn’t 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

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

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

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!!

Questions?

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

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.

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.

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.

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.

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@modelaircraft.org Liability Claim Reporting

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 (765) 749 2277 - This is only for emergencies!

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.

HQ Contact Information for Claims Reporting • Contact the Special Services Department by • Phone/Voice Mail: (800) 435-9262 • Amy Wilson, extension 252 • E-mail • amyw@modelaircraft.org

Medical Claims Procedure • You will be provided with a claim report form to be completed and returned to AMA’s SSD. • SSD then reports the claim to Chubb Insurance Company for handling.

Model Fire or Theft Claims • You will be provided a claim report form to be completed and returned to AMA’s SSD. • AMA will assign your claim to VeriClaim, an independent claim adjusting company, for handling.

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.

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

AMA Insurance for Members