REFLECTOR: Insurance

[Jack Sheehan]

I asked Falcon for a deductible. I had about$1,000 deductible the 
first year but when they renewed at the same premium they eliminated 
the deductible. I think they see that as sort of a reduction so I 
said I was willing to have a deductible at a lower premium they would 
/could not do it.

>Yes this sounds great except if my MT prop gets damaged, a 5-10K 
>deductible really is like not having any insurance at all.
>
>Kevin
>
>
>From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] 
>On Behalf Of Al Gietzen
>Sent: Wednesday, May 11, 2005 10:09 AM
>To: velocity_AZ at cox.net; 'Velocity Aircraft Owners and Builders list'
>Subject: RE: REFLECTOR: Insurance
>
>
>I've been with Falcon Insurance for two years (each year paid the 
>same amount ~$5000.00/year)
>I am instrument rated with 500 hours
>Hull insurance for $175,000.00 - no deductible.
>$1M Liability
>
>My renewal just came in again for $5,000.00.
>
>Falcon said that he tried to get an alternative quote with AIG, but 
>the max hull coverage they offer is $100,000.
>
>Just a thought here, and note that I am one who believes in paying 
>for as little insurance as "necessary".  If you built it, and you 
>break it, you can probably fix it again.  Consider the $100K 
>coverage, and a 5 - 10K deductible, and see what that premium is.
>
>Al
>
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-- 
Jack Sheehan
Executive Director
National Consortium for Aviation Mobility (NCAM)
Visit the following sites
http://www.ncam-sats.org, http://www.sats2005.com, http://sats.nasa.gov
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