REFLECTOR: Insurance

[Scott Baker]

Sorry to jump in late in this discussion.
AIG has increased it's high limit of hull coverage to $150.  If Falcon is 
quoting lower, ask that they please check again.
Doug is 100% correct in regards to the pitfalls of under-insuring an 
aircraft.  It is my understanding that an insurance company may assign a 
"total loss" if the aircraft damage exceeds 50% of the insured value of the 
aircraft.
SB


----- Original Message ----- 
From: "Doug" <doug at customstudio.com>
To: <velocity_AZ at cox.net>; "Velocity Aircraft Owners and Builders list" 
<reflector at tvbf.org>
Sent: Wednesday, May 11, 2005 9:21 PM
Subject: RE: REFLECTOR: Insurance


I just renewed my insurance on my XLRG-IO540 and it also came in around $5K 
but for $150K hull which I was told was max coverage from any insurance 
company.  I hesitate about dropping hull insurance down because if there was 
an accident the insurance company could end up owning the airplane, which is 
worth more then the $150K hull insurance.

Doug Kanczuzewski

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