<VV> Membership question -- Insurance??

[J R Read_HML]

It is a liability policy.  It protects the club (which would include it's 
members - some of whom are on the BOD) against a lawsuit.  Just like the 
liability portion of your auto or homeowner policy, it provides defense and 
a maximum limit of protection.

Later, JR

----- Original Message ----- 
From: "J.Alan Johnson" <johnsonaj1 at charter.net>
To: <virtualvairs at corvair.org>
Sent: Tuesday, December 15, 2009 7:28 PM
Subject: <VV> Membership question -- Insurance??


>
>
> I'm reading a lot of opinions as to whether CORSA's insurance covers only
> members, or covers everyone including non-members, whether it covers
> pedestrians and spectators, whether it covers officers and directors of
> local chapters, and so on.  But the problem is that unless some one of you
> have actually read the insurance policy that CORSA carries, it's just
> that-opinions.  None of us know exactly what is covered, including me 
> (with
> 34 years experience working in commercial insurance).  We're all just
> guessing.
>
>
>
> Although there are some standardized forms in commercial lines insurance,
> there is no such thing as a standard policy.  The insurance policy is
> nothing more than a contract promising to do something in the future if 
> some
> act (or failure to act) causes injury or damage.  And there are so many
> forms, a policy can be put together in many ways to provide coverage or 
> not
> provide coverage.
>
>
>
> A comprehensive analysis of the coverage afforded by CORSA's policy would 
> be
> too long to post to VV, but I think would make a very interesting article
> for the Communique.  I have written to the Communique editor offering to 
> do
> an examination of the policy and write such an article, and I feel I am
> qualified to do so.  [I usually charge quite a bit per hour to do this 
> type
> of thing, but as a CORSA member, I want to know myself what's covered, and
> will be happy to do it for the knowledge.]
>
>
>
> If some others want to know too, let the leadership know about it.  I
> personally don't care who does the analysis, but I think we need to have 
> the
> facts.
>
>
>
> J. Alan Johnson, CPCU, ARM, AIS
>
> THE JOHNSON AGENCY, LLC
>
> Proud CORSA Member and '66 Monza Convertible Owner
>
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