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pdn8r(at)yahoo.com Guest
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Posted: Wed Apr 15, 2009 10:26 am Post subject: Grounding |
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At the end this long tunnel has anybody considered or have some idea on the impact this could have on insurance rates?
Very frustrating situation since I as I'm sure others have expended all my flying re$ource$ (Yes, I mean $) on the 601 and it's finish and fly this one or not fly at all.
Bill Pagan EAA Tech Counselor #4395
601XL QBK/Corvair/N565BW (RES)
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ashontz
Joined: 27 Dec 2006 Posts: 723
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Posted: Wed Apr 15, 2009 12:32 pm Post subject: Re: Grounding |
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I would guess once the mass balances are in place it would have no affect. In fact, I would think that the actuary would look at the past documented accidents, and if there was no analysis, then the rates would be higher. No? I mean, if you were underwriting insurance 2 years ago on this when the issue started to come to light, with no real explanation, how would you put together a rate. And, a year from now, after the thing has been investigated and a solution proposed and verified, then how would you rate it. Personally, I'd imagine it wouldn't effect the rate. In fact, I'd expect the rate in 2006 to be X, the rate in 2008 to X + premium, and the rate in 2010 to be again, X.
[quote="pdn8r(at)yahoo.com"]At the end this long tunnel has anybody considered or have some idea on the impact this could have on insurance rates?
Very frustrating situation since I as I'm sure others have expended all my flying re$ource$ (Yes, I mean $) on the 601 and it's finish and fly this one or not fly at all.
Bill Pagan EAA Tech Counselor #4395
601XL QBK/Corvair/N565BW (RES)
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