REFLECTOR: Builder's Insurance

Terrence Miles terrence_miles at hotmail.com
Sat Jun 18 21:45:07 CDT 2005


I am going to guess.  The conversation was a while back, but $50,000 and 
$600 premium.  I'll b

>From: Scott Derrick <scott at tnstaafl.net>
>Reply-To: Velocity Aircraft Owners and Builders list <reflector at tvbf.org>
>To: Velocity Aircraft Owners and Builders list <reflector at tvbf.org>
>Subject: Re: REFLECTOR: Builder's Insurance
>Date: Sat, 18 Jun 2005 18:26:06 -0600
>
>Terry,
>
>whats it cost and how much hull value?
>
>Scott
>
>Brett Ferrell wrote:
>
>>Terry -
>>
>>I have USAA also, and they do contract it out, but I never had to send any 
>>pictures or anything!  I'd be interested in what they do for you, because 
>>what they gave me is essentially not-in-motion coverage, event though it 
>>says "construction", and I wonder if yours is going to come out 
>>cheaper.... They wrote mine with Accord, US Aircraft Insurance.
>>
>>Brett
>>
>>----- Original Message ----- From: "Terrence Miles" 
>><terrence_miles at hotmail.com>
>>To: <reflector at tvbf.org>
>>Sent: Saturday, June 18, 2005 10:06 AM
>>Subject: RE: REFLECTOR: Builder's Insurance
>>
>>
>>>I have USAA.  They do not insure "aircraft parts" under homeowners.  It 
>>>is a named exclusion that I learned of only by asking.  They make is 
>>>carry property coverage to an amount equal to 50% of the market value of 
>>>my house, which is crazy.
>>>
>>>They do have an aircraft kit insurance program...but they have controls 
>>>(you have to provide pic and technical details) to prevent partial 
>>>coverage insurance.  I think also they could be sub-contracting to 
>>>another company.  (Or so it seems.)  I have not pursued insurance 
>>>yet...but I will shortly.
>>>Terry
>>>
>>>>From: "Brian Michalk" <michalk at awpi.com>
>>>>Reply-To: Velocity Aircraft Owners and Builders list 
>>>><reflector at tvbf.org>
>>>>To: "'Velocity Aircraft Owners and Builders list'" <reflector at tvbf.org>
>>>>Subject: RE: REFLECTOR: Builder's Insurance
>>>>Date: Sat, 18 Jun 2005 08:23:10 -0700
>>>>
>>>>Same here.
>>>>
>>>> > -----Original Message-----
>>>> > From: reflector-bounces at tvbf.org
>>>> > [mailto:reflector-bounces at tvbf.org] On Behalf Of tonybabb
>>>> > Sent: Friday, June 17, 2005 11:10 PM
>>>> > To: Velocity Aircraft Owners and Builders list
>>>> > Subject: Re: REFLECTOR: Builder's Insurance
>>>> >
>>>> > I am also building in my garage, the house insurers (Farmers)
>>>> > said they wouldn't cover a pile of bits that was destined to
>>>> > become an aircraft.
>>>> > ----- Original Message -----
>>>> > From: "lawrence epstein" <ljepstein at hotmail.com>
>>>> > To: <reflector at tvbf.org>
>>>> > Sent: Friday, June 17, 2005 4:34 PM
>>>> > Subject: Re: REFLECTOR: Builder's Insurance
>>>> >
>>>> >
>>>> > > State Farm.
>>>> > >
>>>> > > It is considered just another item in my house. Of course,
>>>> > you may have
>>>> > > limits on coverage for contents, but that can usually be
>>>> > increased for a
>>>> > > fee. The fact that it may someday become an aircraft should have no
>>>> > bearing.
>>>> > > As I understand it, it isn't an Aircraft until it is registered. 
>>>>(Of
>>>> > course
>>>> > > at that point, you may also be subject to various taxes..........
>>>> > >
>>>> > >
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>>>
>>>
>>>
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>>
>>
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>>
>>
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