Insurance Coverage
Beginning in March of 2008, MAFCA secured a new and enhanced Directors & Officers Insurance policy to complement the existing General Liability Insurance Policy. This coverage is automatic for your Chapter; you need do nothing! Even the Chapter cost for 2008 is zero. Although the Board of Directors' desire and plan is to continue this free coverage to Chapters, future decisions on cost to the Chapters will have to be based on future insurance premium cost growth.
The Board of Directors encourages MAFCA chapters and members to participate with their Model A's in normal car related and chapter related events that promote the Model A hobby. Plan your activities such as car games, etc., so that they will reduce the possibility of liability actions and help keep our insurance rates to a minimum. Be aware of safety at all times.
What follows is a very general description of the 2 Insurance policies.
General Information
Under the MAFCA General Liability Insurance policy, MAFCA and all MAFCA Chapters, Regions, and Special Interest Groups located in the United States, its protectorates and Canada are covered. All club members individually and any volunteer that is acting both on behalf of and at the direction of the club are all insured during approved club events. It does not cover other international chapters because of United States insurance laws.
The MAFCA policy provides for up to $2,000,000 of General Liability insurance coverage, subject to the terms, conditions and exclusions of the policy. Certificates of Insurance can be requested through the MAFCA office. Certificates of Insurance are not coverage documents. They are informational in that they provide a standardized format used by the insurance industry to confirm the existence of coverage to third parties (such as property owners and municipal authorities).
The MAFCA General Liability Insurance Policy does not cover your Model A. Your Model A is covered by your personal automobile liability insurance, as required by most states and Canada.
Directors & Officers Liability Insurance Information
Under the MAFCA Directors & Officers (D&O) Liability Insurance policy, MAFCA and all MAFCA Chapters, Regions, and Special Interest Groups located in the United States, its protectorates and Canada are covered. D&O insurance is financial protection against breach of "duty" by Chapter directors, officers and committee chairpersons.
The MAFCA D&O Insurance policy provides for up to $3,000,000 financial and legal defense coverage for actual or alleged wrong decisions. Coverage includes any actual or alleged act or omission, error, misstatement, misleading statement, neglect or breach of duty by an Insured person in the discharge of his/her duties. This coverage benefits MAFCA Chapters in two significant ways. First, it removes the cost burden from Chapters that were purchasing their own D&O Insurance. Second, Chapters that were not able to afford D&O coverage may find it easier to encourage members to accept positions of responsibility.
In Summary
The full text of the MAFCA Insurance Policy (P2S03) is available for your review. Click here to view it. Besides clarifying exclusions, it documents the process for requesting a Certificate of Insurance and includes the required Forms.
To review Frequently Asked Questions, click here. Additional questions can be directed to the MAFCA Insurance Liaison by sending an Email to: insurance@mafca.com
