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Re: REFLECTOR: Re: Auto engines
I Like the way you think.
From: Brian K. Michalk <email@example.com>
To: firstname.lastname@example.org <email@example.com>; MTETER@aol.com <MTETER@aol.com>
Cc: firstname.lastname@example.org <email@example.com>; firstname.lastname@example.org
Date: Friday, May 07, 1999 9:08 AM
Subject: Re: REFLECTOR: Re: Auto engines
>> A point of interest to those of you contemplating installing V6 engines.
>> AVEMCO will not write insurance policies for Velocities with auto
>> Mark Teter
>> N98TF 173RGE
>Is that for "in-motion", or "not-in-motion"?
>I'm fairly young, and still quite stupid, so someone please tell me where
>my logic is flawed.
>Seems to me the best insurance is "not-in-motion". The next
>best would be in-motion liability.
>Basically, the first one covers you for things that happen
>to your bird while it's at the airport sitting pretty. Along
>comes a thundercloud and zaps it. All radios trashed. Along
>comes someone in a P-51 and flips it over from prop wash. Along
>comes a hangar fire ... you get the idea. It seems we have
>heard of things similar to this on the reflector.
>The liability insurance covers you in case you decide to go
>down the runway tail end first into a Cessna. I really
>don't know how much liability only costs, and then I would
>get the minimum in liability.
>If you are rich and have deep pockets, then get all the
>insurance you can afford. If you are sued, hopefully
>they will get your insurers money. If you are not rich,
>get as little or no insurance that you are comfortable
>with. Poor people do not get sued.
>To me hull insurance seems kind of rediculous. Put that
>money into a bank account instead. When you ground loop
>your puppy, or land gear up or have a prop strike, you'll
>have some funds to begin working on it to get it back in the
>air. After all, you built it in the first place, right?
>I'm reminded of what happened to the sky diving industry.
>I don't remember dates, but some years ago, someone killed
>themselves while diving. The requisite huge lawsuit followed
>and the insurance company took a beating. The result was
>that it became extremely difficult to get insurance for
>sky diving operations. Well, people didn't stop diving,
>they just kept doing it without insurance. Guess what
>happened? The accidents kept happening, but the lawsuits
>became a lot more reasonable. The skydiving operations
>didn't have a lot of money, and there was no insurance
>company to go after, so the lawsuits ended.
>Am I missing something here?
>Brian Michalk <http://www.awpi.com/michalk>
>Life is what you make of it ... never wish you had done something.
>Aviator, experimental aircraft builder, motorcyclist, SCUBA diver
>musician, home-brewer, entrepenuer and SINGLE!