Quote:
Originally Posted by Will N
I believe that's not entirely correct. When MARC (or any national org) has their underwriter issue a certificate of liablity insurance, the entity that the insurance is covering is the local club and usually a second named certificateholder, usually the site where the event is being held. If anyone were to sue the local club, the liability insurance would cover that local club. The person bringing the suit does not have to be a MARC member for the liability insurance to kick in. For example, you're having a car show, and someone off the street comes to view the cars and trips and falls on the show field. The local club is covered for the liablity if that spectator sues the club. The liability insurance is not covering each individual club member for their own person liability. That is what your own auto insurance policy is for.
MARC wants to enforce the rule that all Regional members be MARC members to bring in more dues money to the National club in order to offset the rising cost of the liability insurance.
I could foresee that if we were to require our members to be MARC members, we'd loose about 70% of our local membership. That translates to over $4,000 in annual dues for our club. For far less than that, our club could purchase its own umbrella liability policy and not rely on MARC to provide the insurance.
Other than the liability insurance, and the ability to post ads in the "Model A News" what other real benefits are there to being a Region of MARC?
|
Just saying.
This came from MARC;
Please understand that many people think they have some sort of insurance "coverage" from MARC, and some assume that it is a lot more than it really is. MARC holds a General Liability Insurance to defend MARC against any suit seeking damages to which this insurance applies. Additionally, the insurance has no duty to defend against any suit that the insurance does not apply. There is an Endorsement to the policy adding "Additional Insured" that I've spelled out below.
Basically what this all means is that if you and your members, who are MARC members, are involved in activities that are in the best interest of MARC, and happen to be involved in an incident where someone is injured, or property damaged, and you or your members are sued, MARC's Insurance Company will defend you against the claim of liability, and by extension, if necessary,pay the claim.
In this economic time, where anyone can and is sued from spilling coffee to a kid at a car show opening your door and slamming it closed with his fingers in the door, we are all at greater risk. That is the whole reason for MARC extending liability coverage to their members.
MARC's liability policy does not come into play for any moving incident, that's your own automobile insurance.