Cost/Coverage Compariosns-APBA-NBRA-AOF

[YankeeRacing]

Comparisons

[YankeeRacing]

What I see from the above post is that each organization has it's pros and cons, depending on how you look at things.
APBA-clout (over 100 years old), a professional national office with paid employees to assist members, many members from across the US, a nice Propeller magazine, and a rulebook kept up to date by dedicated membership who attend a formal national meeting each year. Cost, highest

NBRA: New organiztion ( less than 10 years), fresh ideas, SUPER gret medicl coverage, paid national office, rules and national meeting, membership mostly in the lower midwest, cost, middle

AOF: 40 year organization with format coming from the much older NOA, rules that work with both APBA and NBRA (AOF tries to follow APBA guidelnes for tech, but will work at a race with NBRA rules, flexible), two areas, Washington/Idaho, and rest of country; No paid national office, based on volunteers, less formality, lses medical, cheaper costs.

[aojesus]

This is very interesting. Thanks for taking the time to put it together.

[thetrailergod]

just to clarify this membership in NBRA is $80 driver membership

[HRTV]

What I see from the above post is that each organization has it's pros and cons, depending on how you look at things.
APBA-clout (over 100 years old), a professional national office with paid employees to assist members, many members from across the US, a nice Propeller magazine, and a rulebook kept up to date by dedicated membership who attend a formal national meeting each year. Cost, highest

NBRA: New organiztion ( less than 10 years), fresh ideas, SUPER gret medicl coverage, paid national office, rules and national meeting, membership mostly in the lower midwest, cost, middle

AOF: 40 year organization with format coming from the much older NOA, rules that work with both APBA and NBRA (AOF tries to follow APBA guidelnes for tech, but will work at a race with NBRA rules, flexible), two areas, Washington/Idaho, and rest of country; No paid national office, based on volunteers, less formality, lses medical, cheaper costs.

Great post Connie, another good analogy that comes to mind is the high end grocery store that has all the fancy lighting and smells like fresh baked goods when you walk in.

Or you can walk across the street to the warehouse store and get the same products at half the price. Sure the store looks like a dump inside but hey.....

I guess you get my point.. same products 50% less

From the Aldi web site:

http://www.aldifoods.com/us/html/com...?WT.z_src=main

"Smarter shoppers know better than to pay extra at stores where baggers bag groceries and employees chase carts in the parking lot, or the cost of national brand marketing raises prices. They know where to buy select brands that actually exceed the quality of national brands at a fraction of the cost.

So smarter shoppers shop where select-assortment inventory increases buying power and lowers prices, saving them up to 50% over supermarket prices. That's a smart cart-full whether you're a growing family, a working single, a senior on a fixed income, or a baby boomer socking it away for retirement.

Smarter shoppers just "get it." And they get it at ALD"

[PopPop]

I always find it interesting that non-US companies, like ALDI, never mention it in thier websites.
http://en.wikipedia.org/wiki/Aldi

[HRTV]

I always find it interesting that non-US companies, like ALDI, never mention it in thier websites.
http://en.wikipedia.org/wiki/Aldi

Now Phil :-) Food taste the same :-) I was in my local Aldi today and was pleasantly surprised.

Enjoy!

[sam]

Back across the street at the Giant with the professional baggers, unionized shopping cart wranglers, nice smelling bakery, bright lighting and designer salad bar and deli ... you have to go thru about 5 pages on their website to see that they are not US owned either. Its not just the budget places hiding their overseas ownership.

[Shebert]

All this talk about ALDI on a boat racing site is really boring me. Can we please talk about Winn Dixie and WalMart? Their produce is always fresh. I hear the milk is straight from the cow!!! In some Winn Dixie's you can even go in back and milk the cow yourself for a small fee.

[B Walker]

The American people have spoken, loud and clear. They dont care where something is made, what nationality the owners of a company are or where that company keeps their headquarters.

The American people want good quality products, at a good price, right now.

Perhaps the American people have read and understand Thomas Friedmans "The World Is Flat 3.0: A Brief History of the Twenty-first Century"

http://www.amazon.com/World-Flat-3-0...7318646&sr=8-1

That book changed the way I look at economics. Easy read and super informative.....

Happy reading

BW

PS What this has to do with the differences between the three largest sanctioning organizations I have no idea.....

[PopPop]

Aldi

I always find it interesting that non-US companies, like ALDI, never mention it in thier websites.

I didn't express an opinion, I just found it interesting!!!!!

[YankeeRacing]

The Pro_payn's X21 own about 3000 acres of vegetables. All are sold locally. We supply the high end, Aldi, and even the little road side stands. We get the same price wherever we sell. What is interesting is that we now have to put up housing for the Mexicans who come up to do the work. Can't even get the high school kids to do it like we used to.
this is an interesting thread after all.
Connie
And, Jeff, thanks for the clarifiction on the $80 membership fees. I tried to get everyhting as close as I could from what I could gather.

[YankeeRacing]

I used the above chart to figure week end costs for the club. I used averages. $500 per week end for ambulance , and $500 a week-end for extra costs: gas for pick up boats, race personel, etc.
This is a cold hard look at why clubs work so hard to get racers to race. My suggestion is the next time you complain about a rate increase, look at these figures.
Total (Insurance/sanction/ambulance ($500)/extras ($500)) Average per week end
APBA = $3873
NBRA = $2215
AOF = $1250

Average Entry fees @ $25
Number of Entries per week-end needed to break even (approximate):
APBA- 154 or 78 per day
NBRA- 88 or 44 per day
AOF- 50 or 25 per day

[14-H]

Connie: As usual, when you provide people information about insurance, you do not give them all of the information and you provide it in a misleading manner.

APBA's policy provides $5 Million in coverage per accident. That is very different from NBRA's $1 Million per year or AOF's $2 Million per year. The significance is only important if the racing organization has more than one claim per year. Under APBA's policy there is NO LIMIT on the amount of coverage for multiple claims. The limit is only per claim and it is $5 million.

I have never seen NBRA's policy. But I did review AOF's policy about a decade ago and it only provided liability for officers and directors of the AOF, NOT ALL MEMBERS. So it would be important to let everyone know if AOF (and NBRA) have only an officers-and-directors policy or, rather, whether it is like APBA's and it covers ALL MEMBERS!

It is important to know that APBA switched from American Specialty 4 years ago to K&K because American Specialty proposed to switch APBA from a per claim aggregate to a per period (or per year) aggregate. The APBA President at the time decided to switch to K&K in order to keep the yearly limit at an unlimited amount and which raised the per claim limit to $5 Million.

So it is extremely misleading to simply present a "factual statement" that APBA offers $5Million, NBRA offers $1Million and AOF offers $2 Million in insurance coverage without telling people that NBRA's and AOF's limits are for THE WHOLE YEAR; APBA's limit is for EACH CLAIM!

I have never seen NBRA's claimed $100,000.00 medical coverage. I have seen AOF's medical plan, however. Again, the difference is similar to the difference between the coverage that is afforded for liability. AOF has a fund that will pay out up to $2000.00 per person per claim but there is only so much money in the fund (which is not disclosed in your attachment). APBA's coverage is unlimited. It provides up to $20,000.00 in medical coverage (but only if you are a member) and there is no limit on the number of people who may make such a claim during the year. So, again, it is misleading to suggest that it is purely at 20,000 vs. 100,000 vs 2000 comparaison as that does not tell the whole story.

Finally, I find it very interesting that the membership and sanction fees only vary between the three organizations to the extent that they do. APBA has a national office- a whole building with ground underneath it that is owned solely by the APBA. It also has a full office staff and it puts on a spectacular annual meeting with a Hall of Champions ceremony that rivals the Oscars (what the heck, I wear my tux every year; aint my fault only Bill Walker and no one else joins me). The NBRA and AOF have none of this. Quite frankly, how the APBA only charges what it does and still provides its members with the services that it does is beyond me.


Please dont anyone take this post as a slight or backhanded comment towards the NBRA or the AOF. It certainly is not. No one has worked harder at trying to unify the membership of these organizations than I have (and I've had a lot of help including help from Connie). But it is simply extremely misleading to portray the differences in what is charged for insurance without telling people what they are actually buying (or aren't, as the case may be).

There's an old saying: you get what you pay for. That is certainly true when it comes to outboard boat racing sanction and insurance.

Miss you , Connie! Eddie.

[YankeeRacing]

Good points, ED. I don't work for AOF anymore, and have nothing to do with it, so I was simply generalizing what I read- without going into detail. As I stated, my chart is not scientific and no guarantees that anything I wrote was even accurate.
Yes, you have worked so hard to bring the organiztions together. I know, I have worked with you. I don't think that this was about bringing anyone together though, just trying to get the facts out there. (My family is now only racing APBA, just a sidelight).
There have been several threads with issues about insurance and the costs of sanctions. Because of all of those posts it got me to thinking about just what the costs are. I have not seen the NBRA policy either, but since it is K and K I am guessing it would be close to what APBA has, but that is only a guess. I cannot believe the $100,000 medical that Jeff Ruth posted on here for NBRA. If that is the case, then we should all be looking at that part of the NBRA policy and finding out how they got it. And yes, you get what you pay for, and I hope I have shown that.
Personally, when I did the breakdown of how many boats a club needs to break even (approximately), I am not sure how any of the clubs break even these days. I am just glad I am old and not doing it anymore, because I am sure it would cause alot of grey hair, worrying if enough boats show up for a race to pay for itself, and that is with all 3 organizations.
Your post is exactly what we need in explaining the whole issues of putting on races. I don't think Carl can get on Hydroracer to do any more clarifications, but I know Jeff is on here quite bit.
Hopefully anyone posting who actually do represent the organizations will do so in a manner that is truthful and unbiased.
Connie