Insurance for Fairmont Speeder

Sounds like a Lloyds of London type of insurance, they insure all sorts of oddball stuff.

Hagerty Collector Car Insurance has starting insuring other oddball vehicles. Maybe they could figure out something?

A few thoughts/questions:

1) Are you attempting to insure the speeder for fire & theft?

2) If you are attempting to insure for liability?

3) Where do you plan to use/operate it?

4) Will you have guests?

@Hot Water posted:

A few thoughts/questions:

1) Are you attempting to insure the speeder for fire & theft?

2) If you are attempting to insure for liability?

3) Where do you plan to use/operate it?

4) Will you have guests?

Primarily liability.  The speeder is my son's and is being kept on RR property.  The owner of the RR is graciously allowing him to keep the speeder on property and run it on the property.  But he has to get insurance.

Insurance for fire/theft and guests is probably a good idea too.

Ron

Ron: Where are you located? There are may several local clubs that can help you or you can contact me via my email and I may be able to help you. I am involved with several local events and have a host of friends that have railcars and can reach out to them.

That has to be out there,. I went to a train show a few years ago, next to a siding, and they were having a speeder meet up and down the siding, selling rides, which would demand LIABILITY ins. big-time.  And l recently rode speeders full of passengers on the real Tweetsie track that is now on church property where they were also testing a steam loco.  l was on a bus tour and am not sure where this is, but somewhere between Elizabethton, TN, and Boone, NC. We passed the Tweetsie tourist road, not the real Tweetsie, NE of Blowing Rock, to get to it.  Might Google the tourist Tweetie and ask'em what they use?

I think you most CERTAINLY want liability to cover any injuries to passengers.  You'd be amazed how your best friends can turn on you when there's big money involved!

@gunrunnerjohn posted:

I think you most CERTAINLY want liability to cover any injuries to passengers.  You'd be amazed how your best friends can turn on you when there's big money involved!

Very well said  John

Good luck finding that type of insurance! I have 2 motor cars and belong to NARCOA. We must carry insurance through NARCOA to operate on any of their excursions. This insurance only covers damage to the hosting railroad's property and only when on a NARCOA sanctioned excursion. This does NOT cover the operator or passengers in the car. We, the operator and passengers of that motor car, have to sign a waiver for every excursion releasing NARCOA and the hosting railroad of any liability that may happen. Basically your on your own!

We can also obtain an optional insurance policy to cover any damage to our cars if something does happen.

If we use our motor cars on a non sanctioned NARCOA event, the host railroad will carry an insurance policy for the duration of a specific event.

If it is at a museum, their insurance may cover you if you are a member BUT I not sure on this! That would be something you may have to check into.

Before there was a lottery in New Jersey, they had the "slip and fall" law suit.

And liability insurance is one of the main reasons big railroads and even some small ones do not want the general public riding on. Some railroads want nothing to do with excursions, ask G&W why they won't allow AOSR to operate public excursions on their mainline. Why did NS stop hosting the new steam excursions? Probably liability. Tourist railroads that operate passenger trains for fun are probably insured. A freight railroad has paid employees and they don't want their employees having to baby sit a special excursion train, sometimes it's too much hassle. And for class1's that are publicly traded, wasting money on excursions doesn't look good for their shareholders. The Ohio Rail Experience is bucking the trend and operates long diesel powered excursions on rare mileage, most of it on regional railroads in Ohio and even into Michigan.

United Shortline Insurance Services; I know they underwrite liability for private passenger cars.  I've dealt with a bit of specialty insurance in the horse business, Berkshire Hathaway and Lloyd's are the two main underwriting players that will quote on just about anything.     

@BroadBrush posted:

United Shortline Insurance Services; I know they underwrite liability for private passenger cars.  I've dealt with a bit of specialty insurance in the horse business, Berkshire Hathaway and Lloyd's are the two main underwriting players that will quote on just about anything.     

Thank You.  I will let my Son know. 

Ron