REFLECTOR: Builder insurance

[Jack Prock]

I just recently went through this same thing. I moved the project to the airport and the airport required liability insurance. 
I went through EAA and got builders insurance with the liability. 

They wouldn't get just liability insurance, so I got builders with $40,000 hull coverage (their minimum) for $400
and the $1Mil liability was $250. So $650 total. I have more money in the plane and engine than that, but I 
am ok with partial coverage.  The hull coverage goes for $100 for every $10,000 of coverage requested.

Jack
  ----- Original Message ----- 
  From: Andy Millin 
  To: 'Velocity Aircraft Owners and Builders list' 
  Sent: Thursday, December 30, 2010 10:47 AM
  Subject: Re: REFLECTOR: Builder insurance


  Yes.  I have Aircraft Under Construction insurance through Avemco.  I do not believe they are writing new policies.  They will only "renew" if you already have it.  

   

  Andy

   

  From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] On Behalf Of Don Johnston
  Sent: 12-30-2010 10:30
  To: reflector at tvbf.org
  Subject: REFLECTOR: Builder insurance

   

  I have a question regarding builders insurance.

  The only insurance that I've been able to obtain is a standard policy (with bodily injury coverage). I've explained that this is not a flying aircraft and that there can't be passengers. But what I've been told is that this is the only way to get insurance during the build.

  Does anyone else have insurance on their Velocity during the building phase?

  -Don

  XL-RG



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