lml@lancaironline.net Mailing List Archive

<<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> << Lancair Builders' Mail List >> <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> Jeff wrote: << Brent, I don't understand your latest-- you said you don't have insurance on the IVP but then listed liability and hull "not in motion". So what you don't have in actuality is hull "in motion". Is that correct? >> Yes. If I attempt to re-kit my airplane on landing the damage to the airplane is not covered. I will then have the choice of parting out the plane, fixing it using the "war chest" I have accumulated by not paying usury premiums or my heirs can enjoy my life insurance and use my liability insurance to fix whatever I wrecked on the ground. <<Regarding dues-- the American Bonanza Society dues run about $40/ year. EAA about the same. I don't think the "dues" for this organization is going to bust the bank.>> It is not the dues that I am worried about, although I doubt that you can set up and run a corporation for $4,000 a year ($40 x 100 members). It is the new hoops that I would be required to jump through and the costs in time and $$s associated with those hoops that I don't like. I built an airplane because I like building stuff and I like my freedom. Voluntarily putting another layer of bureaucracy between myself and the sky is not in my nature. I know that Dave R. is probably good and pissed at Dave Morss and myself by now but I hope he understands that I am not trying to shoot down his idea, I just want to test it. If I were him I would rather find out the true interest level now rather than after I had invested considerable time and money. Compliments of the season. Brent Regan LML website: http://members.olsusa.com/mkaye/maillist.html LML Builders' Bookstore: http://www.buildersbooks.com/lancair Please remember that purchases from the Builders' Bookstore assist with the management of the LML. Please send your photos and drawings to marvkaye@olsusa.com.