Propwash October 2019 web.pub

Here is an explanation of NAMBA insurance coverage and some examples. This explanation is not complete but a simple presentation to the membership concerning NAMBA insurance. The liability insurance is “primary” insurance. Your homeowner insurance is not required to pay a certain amount before the NAMBA insurance is involved. As a NAMBA member, you are covered by liability insurance in the case that your boat hurts someone or damages someone’s property. As an example, if you lose control of your boat and it runs up on shore and hurts someone, there is liability coverage for up to $1 million. The aggregate liability coverage for NAMBA is $2 million in a year. If you are at a model boating event sponsored by an organization other than NAMBA, NAMBA insurance is not in effect. If you are testing your boats alone and have an accident, the coverage is not in effect. This liability insurance also provides up to $100,000 coverage for damage to premises rented caused at a NAMBA boating event. As an example, you lose control of your boat, it runs up on the shore and pokes a hole in a building that is part of the area you rented to hold the NAMBA event. Please remember, use common sense while running your boats. Obey the NAMBA Safety rules. Do not run your boats if a spectator is in the water, hanging their legs over the edge of the water, or floating by on an inflatable. Do not run your boats if there is a dog playing in the water. Our boats today are fast enough to seriously harm someone. If you have any questions, do not hesitate to ask and remember that safety is always the first concern. In addition to liability insurance, NAMBA provides accident coverage as well. Model Boater Drowning (Continued from page 2) to a news release from the Mohave County Sheriff’s Office. He had not been seen since. Deputies were called to the area of Patrick Tinnell Memorial Skate Park after personal items were found on the shoreline. Dive teams located ***** shortly afterward, about 75 feet offshore, and about 10 feet underwater. A man whose body was recovered from the Thompson Bay area of Lake Havasu Saturday morning may have been trying to retrieve a remote-control boat, the Mohave County Sheriff's Office said. Sheriff's dive crews recovered the body of ****** *****, 59, of Lake Havasu City, about 75 feet from the shoreline in roughly 10 feet of water, the office said in a post on its Facebook page. The cause of death had not been officially determined, the Sheriff's Office said. The initial investigation showed ***** might have crashed his remote-controlled boat and attempted to swim out to it, officials said. Around 6:45 a.m., deputies responded to a call for a missing person in the Thompson Bay area of the lake. When deputies arrived they found personal belongings near the shore and a remote controlled boat floating near the Buoy Line of Thompson Bay, officials said. ***** had been at a park adjacent to the bay operating the boat and had not been heard from since, the Sheriff's Office said. The postings did not indicate how long he had been missing. The investigation remains ongoing. Liability and Accident Coverage By Alan Hobbs NAMBA President Thirty five years ago, NAMBA members had liability insurance but very little information concerning the company or coverage. During the 1990’s NAMBA changed the way we purchased insurance coverage, working directly with the insurance company instead of going through a third person. We were able to get a quote from Travelers Insurance, one of the largest insurance companies in North America and got the proper coverage for both the USA and Canada. We started working with Travelers, adjusting the coverage over time until we had our current liability coverage. PROPWASH October 2019 3 In the late 1990’s we were concerned with the high medical costs faced by model boaters if they were injured at a NAMBA event. So many members had no medical insurance because they were between jobs, or their job did not offer such insurance. To help our members in the case of an accident, NAMBA began to provide an accident policy as well as liability coverage. This policy is through AIG, another large insurance company. This coverage is “secondary”, which means if you already have health insurance coverage, the NAMBA insurance will pay the amount not covered by your personal insurance. The total amount of coverage through NAMBA’s accident policy is $500,000. (Continued on page 4)