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Paul A. Franz, P.E.
Joined: 02 Dec 2008
Posts: 280
Location: Bellevue WA
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 Posted: Tue Dec 23, 2008 2:03 am Post subject: Insurance |
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On Mon, December 22, 2008 7:58 pm, akflyer wrote:
| Quote: | No insurance here... rather spend the money on gas and continue to push the little
planes as far as I can (hopefully without breaking over the edge lol)
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I can certainly understand that!
In the late 70's and 80's, hull insurance on a C-206 was 70% of the replacement cost
when based in Fairbanks. Our company bought liability only and had strict rules for
who could be a passenger which was pretty much no one that was not a company employee.
I have never had any insurance except liability coverage when that was required at the
field where I hangared my plane. When I start flying the Merlin now under final
construction, I anticipate going to Canada so I will have to have liability insurance.
I think the money is better spent on maintenance, avionics and flight safety than on
hull insurance.
--
Paul A. Franz
Registration/Aircraft - N14UW/Merlin GT
Engine/Prop - Rotax 914/NSI CAP
Bellevue WA
425.241.1618 Cell
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_________________
Paul A. Franz, P.E.
Registration/Aircraft - N14UW/Merlin GT
Engine/Prop - Rotax 914/NSI CAP
Bellevue WA
425.241.1618 Cell
425.440.9505 Office |
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Roger Lee
Joined: 10 Jan 2006
Posts: 1464
Location: Tucson, Az.
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| Posted: Tue Dec 23, 2008 6:12 am Post subject: Re: Insurance |
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I think if you own a $10K-$25K plane it is much easier to eat an accident's loss at the personal level than if you own one that is $100K +. The risk out total asset loss is just too high. The cost of a good part of todays SLSA's are $90K+
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_________________
Roger Lee
Tucson, Az.
Rotax Instructor & Rotax IRC
Light Sport Repairman
Home 520-574-1080 TRY HOME FIRST
Cell 520-349-7056 |
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MichaelGibbs(at)cox.net
Guest
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| Posted: Tue Dec 23, 2008 9:15 am Post subject: Insurance |
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| Quote: | I think the money is better spent on maintenance, avionics and
flight safety than on
hull insurance.
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Everyone has there own financial circumstances to consider but, in my
case, I can tell you I would not be building another 'fox if it
weren't for the insurance payout on the previous one.
Mike G.
N728KF, Kitfox IV-1200 Speedster
Phoenix, AZ
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