Pietenpol-List: Insurance

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Post by matronics »

Original Posted By: KM Heide CPO/FAAOP
> To: pietenpol-list(at)matronics.com> > > At the beginning of this year I started a new job as a loss control consultant for an insurance agency. I handle safety and compliance for our larger commercial accounts. I'm pretty far from the agent side=2C but our agents do write policies for aircraft. In fact they write my airplanes. They write any airplane all the way back to 1903. There is no required level of insurance to carry=2C not even liability. Unless a specific locale might require it. Non-movement hull insurance can be purchased for a "not finished" homebuilt. The premium really isn't too bad and you either purchase an "agreed value" or you can purchase an amount that is equivalent to your receipts as long as a total loss would not exceed a set amount. Insurance can get complicated but there are some good policies out there and for a small investment it's not a bad idea. In addition to having liability coverage=2C I know when I head out into storm country in a couple of weeks and leave it out at night unde!> r trees=2C it's nice to know I have that non-movement hull coverage that is pretty reasonably priced. "In movement" hull coverage=2C however=2C is pretty pricey for homebuilts and can be hard to justify.> > Don Emch> NX899DE> > > > > Read this topic online here:> > http://forums.matronics.com/viewtopic.p ... 925#344925> > > > > > > ============================================> > > ________________________________________________________________________________Date: Tue, 5 Jul 2011 12:42:22 -0700 (PDT)
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