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liability Insurance

Posted: Sat Sep 02, 2017 12:24 pm
by Glenn Brooks
Starting to look around for liability insurance for my home RR.

Anybody know of an insurance carrier that will provide liability and property coverage for miniature trains?

Also, has anyone explored buying "inland marine" type of insurance for their RR?

Thanks
Glenn

Re: liability Insurance

Posted: Sat Sep 02, 2017 2:11 pm
by jcbrock
https://www.hmbd.com/large-scale-trains/

It won't be inexpensive but they do know the hobby.

Re: liability Insurance

Posted: Sat Sep 09, 2017 3:10 pm
by rkcarguy
I haven't been able to find much. Seems like as long as it's a private venue and homeowners insurance will cover the trains and liability I think that's that.
For my application, I think my working RR is far better and safer than a 4-wheeler and a trailer. I've been into motorcycles in the past for years, and so many people get hurt on 3-4 wheelers it was really surprising. Usually it involves them rolling it, the quad and or trailer and contents land on them, and so on. The big bubbly tires make them bounce around where on a 2-wheel motorcycle it just falls over.

Re: liability Insurance

Posted: Sat Sep 09, 2017 3:58 pm
by Glenn Brooks
RK,

Problem is, for what ever reason, most homeowners policies won't cover backyard RR's for liability purposes. Iam going to bring this up again with my policy holder - but not expecting much.

I've inquired here and there, and It seems no one is much interested in putting together an insurance pool to make backyard RR's liability insurance affordable. Hence the speciality markets are, so far, the only place to turn.

Glenn

Re: liability Insurance

Posted: Sun Sep 10, 2017 1:34 am
by Harold_V
Don't know if this will help, but please follow this link

http://www.chaski.org/homemachinist/vie ... 41#p345929

H

Re: liability Insurance

Posted: Sun Sep 10, 2017 2:04 am
by Glenn Brooks
Thanks Harold, I think I recall reading this thread some time ago. Property coverage is indeed easier to come by - often by the homeowners policy. My principle concern is protecting against liability - at a cost private hobbyists can afford. The liability aspect is the tough one.

Glenn

Re: liability Insurance

Posted: Sun Sep 10, 2017 9:48 am
by John Hasler
Most homeowner's liability policies cover anything not excluded.

Re: liability Insurance

Posted: Mon Sep 11, 2017 11:35 am
by Greg_Lewis
As I wrote in the thread referenced above by Harold, unless you have it in writing from an underwriter, do NOT presume you have liability coverage. If you have a claim, the first thing the insurance company will do is sift through the fine print of the policy to try to find a way to deny the claim. An attorney once told me that the average minimum cost of taking a case to court is about $100,000. An injury claim against you could run well into six figures. If you do not have a specific affirmative written statement that you have liability coverage for ride-on trains, you are taking a risk.

Re: liability Insurance

Posted: Mon Sep 11, 2017 11:53 am
by rkcarguy
From a liability standpoint, I don't see it any different than if you and family members were riding quads around the property.

Re: liability Insurance

Posted: Mon Sep 11, 2017 12:17 pm
by Greg_Lewis
rkcarguy wrote:...I don't see it any different...
But it's how the insurance company sees it that matters.

Re: liability Insurance

Posted: Mon Sep 11, 2017 4:22 pm
by John Hasler
> But it's how the insurance company sees it that matters.

The policy is a contract. It's how a court of law sees it that matters. If you are uncertain take the policy to a lawyer and pay him to give you an opinion as to whether you are covered.

Re: liability Insurance

Posted: Mon Sep 11, 2017 4:36 pm
by rkcarguy