X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Fri, 11 Jun 2010 14:10:26 -0400 Message-ID: X-Original-Return-Path: Received: from [70.62.14.124] (HELO ustek.com) by logan.com (CommuniGate Pro SMTP 5.3.7) with ESMTP id 4344159 for lml@lancaironline.net; Fri, 11 Jun 2010 07:53:22 -0400 Received-SPF: pass receiver=logan.com; client-ip=70.62.14.124; envelope-from=r.simon@ustek.com Subject: RE: Hull insurance X-Original-Date: Fri, 11 Jun 2010 07:55:48 -0400 X-Original-Message-ID: In-Reply-To: MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----_=_NextPart_001_01CB095D.0899C0F6" X-MS-Has-Attach: X-MS-TNEF-Correlator: Thread-Topic: Hull insurance Content-class: urn:content-classes:message Thread-Index: AcsJXQhfY3kd+MG+TEOik+VrV/YxRg== X-MimeOLE: Produced By Microsoft Exchange V6.5 References: From: "Lancair" X-Original-Sender: "Robert Simon" X-Original-To: "Steve Colwell" , This is a multi-part message in MIME format. ------_=_NextPart_001_01CB095D.0899C0F6 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable That is a problem not easily overcome. The max hull that AIG would insure for my ES-P was USD$300k, about half what it cost to build. So either I accept a potential 50% loss or risk a 100% loss. After 4 years of premiums I now choose the latter. =20 Robert M. Simon ES-P N301ES ________________________________ From: Steve Colwell [mailto:mcmess1919@yahoo.com]=20 Sent: Thursday, June 10, 2010 8:10 AM To: lml@lancaironline.net Subject: Hull insurance 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.=20 =20 Claudette Colwell Legacy =20 ------_=_NextPart_001_01CB095D.0899C0F6 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

That is a problem not easily overcome. = The max=20 hull that AIG would insure for my ES-P was USD$300k, about half = what it=20 cost to build. So either I accept a potential 50% loss or risk a = 100%=20 loss. After 4 years of premiums I now choose the=20 latter.

Robert M. Simon

ES-P N301ES

From: Steve Colwell=20 [mailto:mcmess1919@yahoo.com]
Sent: Thursday, June 10, 2010 = 8:10=20 AM
To: lml@lancaironline.net
Subject: Hull=20 insurance

The one caveat on the value of hull insurance is to = be sure=20 you do not under insure. If you do and have a total loss, the = insurance=20 company can pay you the amount for which you insured and then it’s = their=20 plane. An acquaintance of ours did that to save on the premium on = his=20 Baron – and the insurance company did indeed end up owning the = plane after=20 paying him the insured value which was considerably less than the real = value of=20 the plane. He didn’t have enough to purchase another similar = plane. =20 The insurance company got to either repair and re-sell or part it = out. =20 They came out ahead.

Claudette Colwell Legacy

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