"Clyde Torres" wrote in message
.. .
[...] The 90% is just a guess on my part

Are you generally in the habit of claiming to know something even when
you're only guessing?

It's my equally uninformed opinion that your guess of 90% isn't even close.

In spite of rising insurance costs, hull insurance is still a very small
fraction of the total hull value. Heck, even for my seaplane, I'm "only"
paying 2.5% of the hull value annually and for lower-risk aircraft the
percentage is much lower.

Very few aircraft owners are so well off that they can afford to just write
off the loss of an aircraft, and there is no way that 90% of all aircraft
owners have decided to take that risk, especially when the savings is so
tiny compared to the risk of loss.

Pete