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Mountain Area Gem and Mineral Association
(M.A.G.M.A.)

Liability Insurance

MAGMA now has $2,000,000 0f liability insurance that covers our club on digs at various mines.

What does this mean? If we approach a mine or quarry with the intent of collecting, they may ask for proof of liability insurance. We will now have that to offer. Our first time applying this insurance was at our recent fluorescent dig in Spruce Pine 10-20-07.

What does it cover? This is liability insurance that covers the owner of the property that we are accessing against any damage that we, as a club, may do to said property.

Does this insurance cover me when I am alone collecting somewhere without the club? NO, this insurance covers only official organized M.A.G.M.A. club events.

Who pays for this insurance? As a club, M.A.G.M.A. draws in several thousand dollars per year from donations to the land fund, mine management and our MAGMA "Platinum Membership". The Platinum Membership covers the cost of this insurance. This liability insurance is a blanket policy that covers all our members on a dig, "Standard" and "Platinum". Since our Platinum members are paying the bill for the insurance, we will have a new policy in effect for upcoming digs as follows:

Any dig that is announced as an "Official M.A.G.M.A. Fieldtrip" will have details in the announcement concerning insurance requirements. If the dig requires that we utilize our liability insurance, all non-platinum members attending that dig will be required to donate $5.00 to the insurance fund for that dig. This fee only applies to digs that require liability insurance!

This insurance may open many new doors for our club, as well as opportunities such as a possible club sponsered gem and mineral show? we'll see!