On Sat, 19 Feb 2005 17:44:44 -0500, "mike regish"
wrote:

"Wrong. The most expensive plane you'll ever fly is about $1000-the cost of
the insurance deductable."

Well, that's a view, but it's not a very good one in my opinion. If
you pay a million dollars for an airplane, it costs a whole lot more
than the insurance deductible: for one thing, you must pay the
"opportunity cost" that that million dollars would have earned for
you, say $50,000 a year if it were invested in a stock index fund over
the years and returned a mere 5 percent in dividends and appreciation.

It's also bad economics to think that passing a cost to the insurance
company is getting rid of it altogether: you're in fact passing it to
all the people who carry insurance.




-- all the best, Dan Ford

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