Of course, the truth is only in the final analysis if the insurance is
ever called into play. The good part is the vast amount of money saved
and the difficulty of obtaining insurance from a local carrier for just
a day or two--the hassle factor is immense because most agents won't
write insurance in these cases. We've all heard about all the canceled
rail-fan trips and the difficulty in getting coverage--it's a big deal!
I believe at one time we could have paid for our club's NMRA dues with
the money saved for that one event. The only catch is proving that the
club is 100% NMRA and getting the paperwork done in time. We are sent a
certificate that we have to present to the venue we're using before the
show can be held.
For individuals participating in a NMRA sanctioned event (home layout
tour), the group insurance will kick in after the home owner's insurance
either denies coverage or in additional to standard home owner's
policy. The problem here is in the interpretation of 'being open'.
Have you invited a few friends over to run trains or are 300 people from
all over the world coming for a scheduled event that people paid for!
It might be interpreted as a commercial venture. And like you Ed, I'm
not in the insurance biz but I've had to deal with commercial coverage
type situations.
Bob Werre
On 8/1/11 4:06 PM, Ed wrote:
>
> > The NMRA does provide a very good system of liability coverage for
> > members and 100% clubs.
> > Bob Werre
>
> There is a fellow in our area who is a retired insurance broker from
> State Farm Insurance (one of the biggies in California). His comments
> on the NMRA liability insurance program were somewhat cautious
> regarding if it is a "good" system or not. His basic feeling was that
> you will not be able to tell if it is good insurance until you have a
> claim. Only then will you know what the insurance covers, how much,
> loopholes, hassle factors, time delays, etc. He was not aware of any
> actual claims being filed under the NMRA program and therefore could
> not state whether it is a "good" program or not. Apparently, a lot
> depends on what the indvidual Adjuster decides in each specific case
> pertaining to the value of items lost/damaged/stolen/etc. It seems as
> if they have a lot of latitude in these areas. I am not any expert on
> this and am merely repeating what I have heard. If you have questions,
> best to contact a genuine expert. Good luck....Ed L.
>
>
[Non-text portions of this message have been removed]
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