Not exactly a competitor, but an insurance provider. UMA provides a
$1,000,000.oo PRIMARY policy.
I belong to UMA simply to provide an additional buffer against possible claims
for my other primary policies such as two Home-Owner's policies and an umbrella
AMA's secondary will not kick in until one's primary is exhausted, Therefore
for personal protection against personal liability, IMO, $38 is a small price
to pay to protect against big rate increases if one has a significant claim
against one's commercial policies.
While I have been AMA some 50 years, +/-, and have served and am now a
candidate again (Dist. VIII VP) I maintain my UMA membership and will continue
to do so. It is just another part of personal financial management.
Don't forget that UMA is JUST insurance while AMA is the spokesman organization
for the complete USA world of aeromodeling. That is ONE BIG DIFFERENCE!
AMA 539 CD & Leader UMA 7160
But...what if the UMA insurance turns out to be useless? I have NEVER
heard of ONE claim paid by SFA. DID hear of a few that were denied...
It's only $40 to risk, but I would not want to be counting on this
unproven entity as my SOLE insurance, that's for sure...
OK, Horrace. You apparently feel the AMA insurance is inadequate. You've been
an AMA member for 50 years, and a DVP (you don't say how many). Have you ever
lobbied or introduced a motion or suggestion to improve the AMA's insurance
carrier and/or the policy?
"There's a Hun in the sun!"
I have not confirmed this, but have heard that UMA is insured by the
same company that backs AMA. As for being useless, AMA insurance is
pretty much useless to me. If I have a liability claim against me, my
homeowner's will pay up to the policy limit and then an umbrella
policy kicks in. AMA is secondary, just because I have homeowners, so
never comes in to the picture. Of course my homeowners policy will
be canceled immediatly after paying the claim, and I'll be blacklisted
with every other provider as well. No insurance company wants to do
business in socialist regulated CA, so any excuse and they'll drop you
like a rock. As Horrace said above, UMA being primary coverage may
protect one from that sort of unpleasantness.