REFLECTOR: insurance

[Scott Derrick]

As long as he didn't steal in in flight your covered!

Scott

nmflyer1 at aol.com wrote:
> I had planned the same thing Scott. What happens if someone steals it
> & crashes it (In flight).
>
> Kurt
>
>
> -----Original Message-----
> From: Scott Derrick <scott at tnstaafl.net>
> To: Velocity Aircraft Owners and Builders list <reflector at tvbf.org>
> Sent: Wed, Jul 29, 2009 10:40 am
> Subject: Re: REFLECTOR: insurance
>
> The hull insurance does seem a tad high but I'm always surprised by how
> much things cost.
>
> It is probably related to your low hours, do you have an Instrument rating?
>
> My hull insurance is "non-flight", which cuts the cost in half.
> Basically I'm insured until I pull out on the runway, and then following
> landing  I'm once again insured when I pull off the runway.  This puts
> me in the self insured for flight category , I break it, I fix it.  But
> on the ground, for ramp rash, hanger rash, theft or the gas truck
> running in to me I'm insured.
>
> I've had Falcon for 5 years.
>
> Scott
>
>
>
> Lou Stedman wrote:
> > 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
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> >
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