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Introduction
This program is designed for Radio Amateurs of Canada members
who need insurance coverage on their personal radios and related
equipment. It assists individual members who have found that their
home insurance does not provide adequate coverage and those who
are now insured through the United States, but prefer buying Canadian.
By inquiring with The Insurance Centre, this program can give you
piece of mind on items used in conjunction with RAC.
 Who
is eligible for the plan?
 Any
RAC affiliate club who has not more than two claims in the last
five years. If your club is not a RAC member, please contact the
RAC Head Office. Once you become a member, you are then eligible
for these low cost, affordable coverages.
What
does the plan cover?
The
plan has two segments ...
- All risk insurance, including theft, on all the property owned
by a chapter, including any improvements made by the chapter to
the premises it occupies
- One million dollars comprehensive commercial liability coverages
with extensions to cover ...
- any legal liability arising from the ownership or operation
of any radio or other electronic signal, and
- any legal liability arising from the unintentional inaccurate
transmitting of information during a civil emergency, or the
failure to transmit information during the same.
Does
the plan have any exclusions?
To
the property coverages, the normal exclusions apply such as damage
caused by wear and tear, dishonesty by the chapter members themselves,
property you do not own, money or precious stones or metals, flood
or seepage or water damage from rain, and earthquake. Furthermore,
antennas exceeding thirty meters in height are excluded (specific
coverages for these can be purchased through the Insurance Centre).
Under the liability wording there is no coverage for any legal
liability arising from the interference with any radio or electronic
signal used in the operation, guidance, control, navigation, communications,
or any way, of aircraft, spacecraft or any water or land borne vessel
or vehicle. The same exclusion applies for interference with any
medical device.
Liability is also excluded for intentionally transmitting inaccurate
information during a civil emergency, or the intentional failure
to transmit information during same, or knowingly transmit any false
or fraudulent distress signal; or any legal liability arising from
transmission of any language or message in contravention of the
Radio Communications Act and its Regulations. Finally, liability,
from the serving, or consumption of alcoholic beverages is excluded.
Are
there any deductibles or other limitations that apply?
The
property coverages are subject to a deductible of $500 per occurrence,
with the exception of antennas/aerials to which a deductible of
$1,000 applies.
Under the liability sections a deductible of $500 applies for
property damages only.
Benefits under the property coverages are limited to a 50% of the
replacement value if equipment and antennas are not properly protected
by power surge and lightning arresters called for by the warranty
wording forming part of the policy wording.
Finally, it is a policy requirement that in order to be adequately
covered, the amount of insurance carried should be at least 90%
of the replacement value of the property owned and the premise's
improvements you have made.
Does
the plan cover equipment temporarily taken off premises?
Yes,
the plan automatically covers these items for up to 20% of the face
amount of insurance you elected to be covered for. For this coverage
to be in effect, the items must be in a locked vehicle, or a locked
compartment.
Does
the plan have any other automatic extensions?
Yes,
the plan automatically provides additional coverages based on the
percentage of the face amount indicated below:
- Items in transit by mail or common carrier (10%)
- Additional expense incurred as the result of a fire, wind, or
water damage loss (20%)
- Burglary damage done to the building you rent ($2,500)
- Tenants legal liability ($100,000)
On
what basis are claims settled under the plan?
Subject
to the RAC power surge and lightning arrester warranty earlier referred
to, any insured claim will be paid on a replacement value basis,
unless the item insured is obsolete, in which case the actual cash
value will be paid.
How
does the insurance company know what we own?
Insurance
is based on mutual good faith. Normally, your word will be accepted
that average coverages were bought. However, the company does reserve
the right to check your inventory of equipment to ascertain the
same. It is hence recommended that adequate records of your inventory
are kept in a safe place.
If
we sign up for the plan, will we get our own policy?
You
will receive a certificate containing all the policy wordings. This
certificate is an extension of the master policy held by the Radio
Amateurs of Canada, and forms a part of that policy. In case of
discrepancy, the RAC master policy governs.
How
do we obtain information, a quote and/or enroll?
By
fully completing the application.
Either fill it out electronically,
or print it, fill it out by hand, and mail
it to us.
What
is the cost of the plan?
By
using the RAC group purchasing power, costs have been kept to a
minimum. They are based on the amount of contents/tenants improvements
you own; the size of your chapter; fire protection, and the amount
of activities you are involved in. To give you an indication of
cost, if you are on water/sewer and only need the minimum plan of
$15,000 on contents and tenants improvements, the annual cost is
$375.00 plus $25.00 per $1,000 value of towers/aerials. If you are
within 5 miles from a fire hall, the cost would be $375.00 plus
$25.00 per $1,000 value of towers/aerials. Actual cost will vary
depending on your particular situation.
Ontario residents should add 8% PST.
When
are coverages effective?
The
effective date of the plan is the date indicated by you on your
application. Coverages are in force the moment your application
and premium is received by The Insurance Centre Inc. - Thomson Jemmett Vogelzang If coverages are to be bound immediately, you may fax
or e-mail an application to (613) 549-3833. In that case benefits
will be bound as of the moment the fax is received, provided your
premium arrives at The Insurance Centre Inc.'s address within 10
working days.
Our
current plan does not expire in the near future. Can we still join
now?
Considering
the uniqueness of the coverages covered, and it's reasonable cost,
you may find it to your advantage to cancel your existing policy
prior to it's expiry date. Keep in mind, you may not receive a fully
proportionate refund for the unused portion of your policy. It is
best to check with your existing insurer to weigh the cancellation
implications.
Can we purchase just the property coverages?
In certain situations, yes. Please contact us for further information.
Where
can we get additional information about the plan?
RAC's
Insurance Broker is The Insurance Centre Inc. - Thomson Jemmett Vogelzang They have negotiated the plan at Lloyds of London on
behalf of RAC and it's members.
Inquiries can be made by email
or by contacting
The Insurance Centre (9-5, Monday-Friday) • 613.544.5313.
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