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Dennis.Kirby(at)kirtland.
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 Posted: Tue Oct 30, 2007 12:20 pm Post subject: Insurance details |
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(NOTE - "subject" line was changed, to reflect current thread.)
"pat ladd" asked, << but what would have been the situation regarding
your insurance? I have received the full amount of the rebuilding costs
.. The insurers will also know that my plane has been rebuilt to an
acceptable standard and will continue to cover it, and me. >>
Pat -
I have a similar situation, following my landing on the mud flats. My
Mark-III suffered a little damage from the incident, so I called my
insurance company (Falcon) and requested to "remove my aircraft from
flight status" in order to do some repair and modifications. They
promptly refunded to me the unused balance of this year's insurance
premium.
Because I carry only liability insurance, I am responsible for any
repairs that must be done on my plane. Since I'm doing the work myself,
after I complete the repairs, I'll certify in my logbook that the plane
is again airworthy (a privilege I enjoy with the Repairman's Certificate
for this plane, as the builder). Then, I'll pick up the renewal of my
insurance where I left off. Easy.
Best of all, the insurance doesn't need to know that the plane was
involved in any kind of "incident" or "accident." This is good, because
regardless if the accident was the pilot's fault or not, insurance
companies will always come back and charge you a higher premium, whether
they had to pay out or not. You are now considered a higher-risk
customer.
So, for my particular situation, the system works to my benefit.
Dennis Kirby
Mark-III Classic, 912ul, Powerfin-72
Cedar Crest, NM
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pj.ladd(at)btinternet.com
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| Posted: Wed Oct 31, 2007 12:41 pm Post subject: Insurance details |
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Since I'm doing the work myself,
after I complete the repairs, I'll certify in my logbook that the plane
is again airworthy (a privilege I enjoy with the Repairman's Certificate
for this plane, as the builder). Then, I'll pick up the renewal of my
insurance where I left off. Easy. >>
Hi Kirby,
lookes as though the system worked well for you. Here the amount of work
you can do is unlimited but any `incident` should be reported and if it is
repair large enough to make it worth while making an insurance claim the
repair would probably be signed off by a PFA Inspector.
There uis a range of stuff which you can do to your engine and this is due
to be increased and something like your `repairman` exam is on the cards in
the near future.
I know my building/ mechanic capabiliities and I am delighted to pay an
expert. If I put up a shelf things roll off the end.
Some of the regs are just nonsense. When my brother and I built the
Challenger ( he was a good mechanic) there was a spot weld required in the
brake assembly . The only weld in the entire plane. I went to a local
aircraft producer to get it done through the back door by some guy in his
lunch hour. So far so good. When I said I needed a certificate, requiresd by
the PFA, then everything moved up a notch.. A qualified, and `approved`
welder had to be employed . In the end the guy who was going to do it in his
lunch break did the job anyway but it had to go through the `proper`
channels, and at `proper` costs to get the certicate.
Things seem to be easing slightly in Europe what with the increae in the
weight that defines a microlight and the Single Seat Deregulation etc but
we are never going to get your system. On the other hand some things are
getting worse. Mandatory transponders will be introduced in the near future.
Another weight and cost penalty we shall have to bear.
Cheers
Pat
Pat
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