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Date: Tue, 10 Aug 1999 07:41:50 -0700
From: Brent Regan <brent@regandesigns.com>
To: lancair.list@olsusa.com
Subject: Re: Insurance FYI & hanger
References: <19990810043622.AAA26958@truman.olsusa.com>
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          <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>>
          <<  Lancair Builders' Mail List  >>
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>>
> Matt writes:

> <<The real bummer is this - I am about 2 months from finishing the
>plane.  2 months is never 2 months though, and the hangar must be
>occupied within 90 by MY plane (no one else's allowed) in order to keep
>the hangar.  I can't do any maintenance or construction there.  SO,
>if I don't finish the plane in 90 days, I will have wasted 3-months rent
>@ $2000 / month, I will lose my space and will go back to the eternal
>waiting list.  Or I can forfeit the space and get on the eternal waiting
list.  Some choice.>>>

Matt:
There is more than one way to skin a bureaucrat, and it can usually be
done with their knife. In this case I can think of several.

1) Move some stuff into the hanger including some maintenance parts
from the airplane (oil, oil filters etc.) so that you are "occupying" the
hangar. If asked, my "plane is being worked on and therefore cannot be in
the hangar at this time". What is an airport manager to do?

2) Find a friend with an airplane, draw up a "Non-Disclosure Agreement"
and a lease agreement that lets you lease a share of his airplane
for 1$ (without flying privileges).  Put your new airplane in the hangar.
If asked, show the airport manager the Non-disclosure Agreement and
explain that you cannot discuss the details of the lease agreement.

3) Move your plane to hangar. Take underexposed picture of you standing
outside the hangar with the plane inside. Send picture to airport manager
thanking him for the wonderful hangar. Take plane home to "do some work
on it" see #1 above.

4) Set up some sawhorses, planks and barrels in the shape of an airplane
and cover with a black plastic tarp. Lock hanger with YOUR lock. Nosey
airport manager will look through crack in door and see your "airplane"
(Hey, it worked for D Day).

5) Lock hangar and pay 6 months rent up front. Most airport managers HATE
collecting rents and will over look a lot for a prepaid tenant.

On the insurance front I have this advice: Get only liability
insurance and hull insurance for when the plane is "not in motion". Pay
yourself the premiums for the hull while flying insurance. Buy life
insurance in the amount of the value of your AC (or more).  By doing
this I have, in the last 5 years, accumulated $30,000 in my "insurance
account" that  would have otherwise been paid as premiums. $30,000 will
fix almost any damage from an accident that I would survive. If I don't
survive and the AC is totaled I have the life insurance for my family. You
should only buy insurance for things you can't afford to lose

Regards
Brent
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
LML homepage:   http://www.olsusa.com/Users/Mkaye/maillist.html