[SEL] NHMA

[Curt]

Kerry,
I read Steven Kitto's statement of  "On the house where I live I am 
required to have liability insurance (A$20000000)."
as a requirement to have insurance much like the requirement you have to 
have insurance for public gathering.

In the US we are not required to have insurance for public gatherings 
either. Most show owners/clubs would be nuts to go it without insurance, 
but nonetheless it is not required.

We too have a requirement for automobile liability insurance but nothing 
approaching the 20 mil mark! The amount of insurance you purchase is 
again dependent on your personal assets. Many people carry the minimum 
of around 50,000. Some 300,000 and few even have 1 million dollar policies.
It is all a matter of covering your personal assets. There is no sense 
in being "insurance poor".

BTW for those visiting AU next fall/March and will be driving, are we 
going to be required to purchase Australian insurance for driving, or 
will our US policies be sufficient?

Curt

Kerry wrote:

>G'Day Curt
>
>You don't have to have insurance in OZ either, not saying that in some
>housing estates it may be a requirement by whoever, but I know of no forced
>requirement (in NSW anyway) just another example of confusing statements
>being made to support their urguments.
>I will be told if I am wrong but the only required insurance of any type I
>can think of at the moment is 3rd party insurance to register a vehicle.
>The $20mil seems the normal limit if you take liability insurance, the legal
>system has a lot to answer for, lawers and judges have stuffed the place.
>
>
>  
>