Insurance for DMs and Instructors

[PlatypusMan]

Okay, in your opinion, is it better to be riding the shop's policy or carry your own? Why or why not?

Second: have you or anyone you personally know ever had cause to USE the services offered by such a policy?

[woody]

Depends on your liability exposure and your reward. ie.. What do you have to loose (or Protect) vs. how much you will make (or what are you willing to pay to protect it). For me due to my additional courses and that I supply some of the gear ina couple of my classes Ineed to cary my own insurance. But I do ride on a shop policy also.

[Jeff]

Second question first: No, I have never needed to use it, don't know anyone personally who has, and hope both of those never change.

First question: I gave a long winded answer in another post, but basically nothing will guarantee I won't get sued, but at least if I carry insurance, I have a team of lawyers helping defend me, as opposed to getting to do it (and pay for it) on my own. Its never been a question in my mind.

[frankc420]

What are the costs for DM insurance? Rough estimates would be great

[CompuDude]

I believe I've read estimates of $400-500 per year being average, although I know you can spend more.

I'll know for sure soon.

[texdiveguy]

Originally Posted by frankc420

What are the costs for DM insurance? Rough estimates would be great

It 'all depends' on the ins. group you use...and the options you might add on....and the limits of coverage you pick. [img]smileys/smiley2.gif[/img]

[frankc420]

Originally Posted by texdiveguy

It 'all depends' on the ins. group you use...and the options you might add on....and the limits of coverage you pick. [img]smileys/smiley2.gif[/img]

That's the reason I said 'rough estimates'...

[Joew]

Originally Posted by frankc420

What are the costs for DM insurance? Rough estimates would be great

Click here for a link to PADI's sponsored insurance agency. Basic coverage for an individual DM is $325.

[CompuDude]

Good to know, thanks! Are the prices online anywhere? I wonder if they might be somewhat variable by region, or if that's a flat rate. I'd also love to know the difference between basic and more comprehensive.

Edit: Scratch that, I found the online application page, which includes rates and options. Thanks! https://diveinsuranceapps.com/form.php

[Joew]

Originally Posted by CompuDude

Good to know, thanks! Are the prices online anywhere? I wonder if they might be somewhat variable by region, or if that's a flat rate. I'd also love to know the difference between basic and more comprehensive. Thanks! https://diveinsuranceapps.com/form.php

No prob. I just finished my DM course, so I already had the page bookmarked. I'm still confused with the international rates. Would the more expensive domestic policy cover me here and abroad, or would I need to have both? Maybe I should give them a call