His point was that you don't risk your, or your passengers' butts, trying to
save the plane. Keep the props turning and let the insurance pay for the
teardown rather than medical and funeral expenses.

mike regish

"Cub Driver" wrote in message
...
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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