by Rich Matt » Mon Apr 07, 2008 10:59 am
Perhaps I should not but in. After all, I'm not included on the list of EC12 owners in Region 4. Not being on the list I probably deserve, but I'll get over it.
This sequence of forum messages does include mention of a couple-few matters that I think I might know a little bit about.
First of which is this motion to require AMYA membership and registration in the class in order to purchase an EC12. Forgedaboatit. A lawyer could probably find things wrong with this in no time at all. The officers and directors of AMYA would be fearful of the legal consequences involved and do their best to keep clear of it. If the EC12 Class members do pass the motion, and if The Team ("Team EC12") also wins the AMYA election, this could turn out to be interesting. It could even develop into a test of the AMYA's Directors and Officers (D&O) Insurance. D&O insurance, by the way, is there to provide protection from civil action lawsuits generated by dumb decisions (exact wording of our insurance agent).
This sequence of messages also has a couple references to AMYA Personal Injury and Pond Owner Insurance programs. First off, keep in mind that I am not in the insurance business. I am merely the Secretary of the AMYA Insurance Committee. Since it is I who knows the agent that arranges our insurance, I got volunteered to be the mail room clerk that represents AMYA to the insurance agency.
It was mentioned that all members of a club be AMYA members also in order to be insured. Not so. We do not insure clubs or individual members of a club. AMYA's personal injury policies provide protection from lawsuits for only the association, its officers and our agents serving as race officials at AMYA scheduled regattas. Pond Owner insurance is often referred to as "club insurance" when actually it is solely insurance for the Pond Owner. The insurance agency relies on our insurance committee to verify that any Pond Owner insurance application forms are approved as AMYA sanctioned clubs. When it comes to Pond Owner insurance we can only hope and encourage that all members of the club also be AMYA members. We would not and could not make total club AMYA membership as a requirement and risk a claim being denied because of one or two guys in the club not being AMYA members.
For a more detailed description of AMYA insurance please refer to p.63 of the most recent AMYA Model Yachting magazine.
Rich Matt
AMYA 004
EC12 #317 & 320