The one caveat on the value of hull insurance is to be sure you do not under insure.  If you do and have a total loss, the insurance company can pay you the amount for which you insured and then it’s their plane.  An acquaintance of ours did that to save on the premium on his Baron – and the insurance company did indeed end up owning the plane after paying him the insured value which was considerably less than the real value of the plane.  He didn’t have enough to purchase another similar plane.  The insurance company got to either repair and re-sell or part it out.  They came out ahead.

Claudette Colwell  Legacy