Insurance fees: _HRA, please explain!

[Bobby DiDomenico]

Originally Posted by Beth Kieffer

Thanks Julie - I found this too, specific to National events. Note the bolded part . . . can you say LOOPHOLE?

link: http://www.nhra.com/nateventinsurance.aspx

Also, in the event of a serious claim, the limit of insurance on the policy may be shared by many other people, such as other racers, crewmembers, NHRA, sponsors, landowners and others. This could cause your coverage to be significantly reduced or even eliminated.

This Commercial General Liability insurance coverage is afforded to you in the event a liability claim is made against you. It does not cover you for your own bodily injuries or property damage. Because of the exclusions and limitations, and depending on your particular circumstances, you may want to consider purchasing your own Commercial General Liability policy, as some racers and sponsors already have.

If you have any questions about coverage or would like to purchase your own policy, please, contact Cheryn Schreiber at Wells Fargo Motorsports, (713) 507-4738, or e-mail her at cheryn_schreiber@wellsfargois.com . You may also contact Wells Fargo Motorsports online at http://motorsports.wellsfargo.com.

Beth,

In planning an event, I was told of a non profit group that touted they had $5 million in liability coverage to the members, who think it is a lot. The problem is that amount includes a museum open to the public, along with about 20 events per month with many of them open to the public. It was explained to me that if there is an event in CA at 3PM but someone fell in NJ at 11AM and later files a claim, there is/was no coverage for your event.

I do understand from reading the Dragster that the NHRA member coverage is after your policy pays. So this racer "event" insurance policy is the same then?