On Sun, 14 Dec 2003 11:41:37 GMT, "Matthew Waugh"
wrote:


He/She said that decreasing
the hull value is a way of raising the deductible. So in your example, by
cutting the hull value in half on a $300,000 plane they had decided on a
$150,000 deductible. So in the pay-off you describe they got what they paid
for, a $150,000 deductible and a $150,000 payout. You may not think that's a
good idea, but to each their own set of choices.

That means you are paying too much for insurance. If I bought a
$150,000 policy with $150,000 deductible, I would expect to pay a lot
less than a $150,000 policy with no deductible.