Insurance for Hunting Clubs: Terms and Definitions

Insurance for Hunting Clubs: Terms and Definitions If you have ever looked intoinsurance for hunting clubs, you know that some of the terminology found in policies and marketing materials can be obscure. Hunters are not necessarily legal or financial experts, so some of the terms they encounter may not make a whole lot of sense. We want to help clear up some of the confusion by explaining some of the more difficult terms and definitions in plain English. If you understand what you are reading when offered an insurance policy, you will be better equipped to make a good decision. Insurance Company Rating From time to time, you may come across an insurance company that boasts of its 'A' rating. This rating is directly related to the insurance company's financial strength, according to one of four major rating agencies: A.M. Best, Fitch, Moody's, and Standard & Poor's. A higher rating means the company has a higher level of financial strength and, subsequently, a better ability to adequately cover claims. Guest Liability Coverage Basic insurance for hunting clubs provides liability protection for all club members. When applied to a land lease, it offers liability protection to all signers in accordance with the stipulations of the lease. It may not cover guests that are not club members or lease signers. Guest liability coverage takes care of that problem.