REFLECTOR: insurance

[Scott Baker]

Hello Lou,
The quote seems reasonable.
Important note: Do no under insure your aircraft.  If it is truly worth $50K, then great.  Most Velocity aircraft are worth more.  Beware that in the event of a claim, depending upon the claim amount, the insurance company may consider the aircraft a total loss, take possession of the aircraft for salvage, and pay you the $50K.  You may not be given the choice of repairing the aircraft.
Best,
SB
  ----- Original Message ----- 
  From: Lou Stedman 
  To: Reflector Velocity 
  Sent: Wednesday, July 29, 2009 11:59 AM
  Subject: REFLECTOR: insurance


  I just got a quote from Falcon Insurance for my Velocity. It seemed a bit high. I am going with $50K hull, $1M Liability. The aircraft has 600+ hrs on it, I have 350+ hrs, and over 40+ hrs in Velocity.  The quote was $1622 for hull and $350 liability. Has anyone done better than this? I have not insured it before and now I remember why. 

  Lou Stedman
  Velocity N7044Q
  Olean, NY


------------------------------------------------------------------------------


  _______________________________________________
  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
  Check old archives: http://www.tvbf.org/archives/velocity/maillist.html
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.tvbf.org/mailman/private/reflector/attachments/20090729/f60316b4/attachment.htm>