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 con-
suming 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 organ-
ization 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.
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.
NAMBA insurance also provides
you with a $1,000,000 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.
PROPWASH
2
March 2015
It is individual insurance which
protects when you are running at
NAMBA 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
coverages.
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.
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 site insurance and not merely at
sanctioned events. This includes practice
running or unsanctioned club or fun
events.
President’s Message
(Continued from page 1)
It is truly a central location that
racers from all over the country can
attend. We could actually see if the
West Coast or East Coast has the better
racers. Of course the boys from up
North or down South could probably
crash that party and take top billing.
Find more information at
NAMBA has had an insurance
premium increase of 15% to 20% over
the last few years. Unfortunately, we
finally had to pass that along to our
membership. As most of you know by
now, your membership dues increased
by $5.00. This fee increase did not cover
our total cost increase. We are trying to
save money in other areas so that we do
not pass it all to the membership. One
thought that has come up repeatedly is
to move the Propwash online and to stop
mailing it out. This eliminates both the
printing cost and the mailing cost. This
is in fact quite a savings. Unfortunately,
it means not getting your favorite piece
of mail twice a year. This is not a plan
just yet as we will continue to look at
other areas to save money.
2015 is shaping up to be a great
season. I hope to see you all at a race.
Insurance Explained
By Al Waters
NAMBA Executive Secretary
As we begin a new 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 home-
owner's policy for protection as is the
case with some of the other boating
organizations.
