For a current list of sites and
locations that have been NAMBA pre-
approved with site insurance, please
refer to the NAMBA web site under
Resources/Places to Run. It is updated
daily. When a current year has expired,
the site insurance expires and effective
January 2 of the following year, the list
will clear and a new site insurance
coverage certificate must be applied for
by one of the local NAMBA registered
clubs. That can be done as early as
November 1st.
NAMBA insurance also provides you
with a $500,000 personal accident policy
which covers injuries which you may
incur while running your boat or
while assisting someone else with their
boat. In the past, this has covered such
injuries as a cut hand, or torn ligaments
suffered when a boater slipped on the
mud in the launch area. This policy is
secondary insurance. That means if you
have health insurance at work or through
a family member, NAMBA insurance
will expect your primary policy to pay
first. Then, once your primary policy has
paid what it covers, NAMBA’s
secondary policy goes into effect. This
would cover such things as deductibles,
amounts over the policy limits, etc. If
you do not have health insurance of any
kind, NAMBA’s policy covers you the
same as if it were a primary policy.
There are of course deductibles on
both of these coverage's. $500 on the
liability coverage, and $100 on the
personal accident coverage. However, in
the past, NAMBA has been able to pick
up the cost of these deductibles, and we
assume we will continue to do so in the
future as long as funds permit.
As you can see, your NAMBA
insurance provides you with the best
protection available through any of the
model boating organizations. Hopefully,
you will never have to make use of this
coverage, but if you do, you can be
assured that you are covered. Continued
availability of this exceptional coverage
is of course to some degree up to you.
Make sure that you are aware of all of
the safety regulations, and use common
sense in running your boats.
Preventative medicine is always
better than having to resort to a cure. By
avoiding needless accidents, we can
insure that the coverage will be available
when really needed.
PROPWASH
2
October 2015
President’s Message
(Continued from page 1)
accidents do happen. I do not think that any rule would have prevented the accidents
from happening. My conclusion is that we must all take an extra second or two to look
at our surroundings, our equipment, and ourselves. Take that time to ask, if I continue
forward will I have an accident? Time to slow down just a bit and have fun.
Until next time, have a great next race and have fun!!!
Coverage Explained
Al Waters
NAMBA Executive Secretary
As we continue a year of model boating, I thought it might be a good time to
provide a reminder of just what our insurance coverage is all about. NAMBA
membership provides you with liability and property damage coverage in the
unfortunate event that your boat should be involved in an accident in which a spectator
is injured or damage is done to someone else’s property. This coverage is $1,000,000
per occurrence and $2,000,000 aggregate. Of course, this does not cover damage done
to another model boat in the normal course of running. This coverage is primary
coverage, so you do not have to look first to your homeowner's policy for protection as
is the case with some of the other boating
organizations. It is individual insurance
which protects when you are running at
NAMBA site insured pre-approved lakes
and ponds. Please keep in mind that you
are also expected to be complying with all
local and state laws and restrictions. If you
are running a boat on a lake on which you
are trespassing, or is not NAMBA site
insured, you may not be covered. Several
years a go, the NAMBA Board of
Directors authorized the addition of a
$1,000,000 umbrella policy to add to the
above mentioned coverage's.
In addition, NAMBA offers site
insurance coverage to protect the owner of
the running site with the same $2,000,000 as is afforded the individual member. This
is required for the individual members insurance to be in effect. Some cities and site
owners require this additional coverage.
NAMBA registered clubs may purchase this coverage at a cost of $50.00 per year.
However, please keep in mind that NAMBA site insurance provides insurance for, and
names as an additional insured, the site owner only when the accident involves a
NAMBA member. We do not provide general liability coverage for site owners for all
possible hazards which can occur at their lake, but merely for those caused directly or
indirectly by an insured NAMBA member. In addition, this coverage does not cover
the site owner if an uninsured boater or a boater who has insurance through another
organization causes an accident at the site.
And yes, NAMBA's coverage is in effect any time you are running at a site with
NAMBA site insurance and not merely at sanctioned events. This includes practice
running or unsanctioned club or fun events. Of course, coverage would not be valid if
you are blatantly breaking one of the NAMBA safety regulations, such as operating a
boat while swimmers are in the water, running while other full size water craft are in
the water, or consuming alcoholic beverages or illegal drugs while running a boat. In
addition, NAMBA insurance does not cover you when you are participating in a
sanctioned event of any other organization which has its own insurance coverage,
whether primary or secondary. So make sure that you are confident that the coverage
provided by the sanctioning club or organization is sufficient to protect you during that
event, as you will not be able to rely on your NAMBA insurance if it is not.
