REFLECTOR: Insurance

[Chuck Jensen]

But then, if you save $2K per year on insurance and you don't tear up the MT prop more than once every 3-4 years, you're back to breakeven.  Insurance is 'risky business'.
 
chuck
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-----Original Message-----
From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org]On Behalf Of Velocity_AZ
Sent: Wednesday, May 11, 2005 1:29 PM
To: 'Velocity Aircraft Owners and Builders list'
Subject: RE: REFLECTOR: Insurance


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

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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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