REFLECTOR: Builder's Insurance
Terrence Miles
terrence_miles at hotmail.com
Sat Jun 18 21:54:14 CDT 2005
Brett,
I'll re-check on all this an open a policy soon. The pic thing came when I
asked about how increasing kit value would be covered. I am building full
time and with Malcolm Collier who has done dozens of velocity--including a
large part of the Orange one in the article that was just circulated. When
I asked those questions the USAA person said likely the trigger points and
higher insured value would/could be done w/ pictures.
Terry
>From: "Brett Ferrell" <bferrell at 123mail.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 12:41:17 -0400
>
>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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>>
>>
>>_______________________________________________
>>To change your email address, visit
>>http://www.tvbf.org/mailman/listinfo/reflector
>>
>>Visit the gallery! www.tvbf.org/gallery
>>user:pw = tvbf:jamaicangoose
>>Check new archives: www.tvbf.org/pipermail
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>>
>
>
>_______________________________________________
>To change your email address, visit
>http://www.tvbf.org/mailman/listinfo/reflector
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