Re: REFLECTOR: Re: Auto engines

["Ron Needham" <roncathy@ameritech.net>]

I Like the way you think.
Ron
N34CV
-----Original Message-----
From: Brian K. Michalk <michalk@sisko.awpi.com>
To: reflector@awpi.com <reflector@awpi.com>; MTETER@aol.com <MTETER@aol.com>
Cc: reflector@awpi.com <reflector@awpi.com>; bgins@intrstar.net
<bgins@intrstar.net>
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
engines.
>>
>> 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!
>