Return-Path: Received: from imo20.mx.aol.com ([198.81.17.10]) by truman.olsusa.com (Post.Office MTA v3.5.1 release 219 ID# 0-52269U2500L250S0V35) with ESMTP id com for ; Sun, 15 Aug 1999 02:07:21 -0400 Received: from N295VV@aol.com by imo20.mx.aol.com (mail_out_v22.4.) id kWPDa28698 (4249) for ; Sun, 15 Aug 1999 02:10:44 -0400 (EDT) From: N295VV@aol.com Message-ID: Date: Sun, 15 Aug 1999 02:10:43 EDT Subject: Re: Insurance LIV To: lancair.list@olsusa.com X-Mailing-List: lancair.list@olsusa.com Mime-Version: 1.0 <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> << Lancair Builders' Mail List >> <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> >> From: n295vv If you can afford eight to ten grand to insure the hull of the LIV, you can probably afford to take a hit by not insuring it at all.... I agree with Brent -- If the hull is hit so hard that it is totalled out, you arent going to be around to collect it anyway, so take the eight grand and buy some term insurance. But beware, some life insurance companies may not insure you if you are a pilot.... The cheaper non-moving insurance is probably a good buy, especially if you are in T Hangars. I have seen two T Hangar fires, and when they burn, everything in sight and reach is destroyed. The liability insurance is readily available, and for a couple of grand, you get some peace of mind that you will have some protection, however keep in mind that you have to have all FAA requirements satisfied, plus the yearly Avemco approved recurrent training for the policy to pay in the event of a mishap.... I seriously doubt that many of the hundred or so LIV owners have much insurance coverage beyond a modest amount of liabilty. I think as a class, we tend to be risk takers, and if we weren't risk takers, we would be flying fully insured Cessnas, not 300 kt Lancairs. David Jones >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LML homepage: http://www.olsusa.com/Users/Mkaye/maillist.html