On Thursday, 23 November 2017 17:46:19 UTC, LAX wrote:
Is everyone insured by Costello Insurance?
I am purchasing a glider and it comes down to this, the annual premiums I was quoted are approximately equal to the cost of the glider divided by 16.. That is my annual payment. In other words, if I don’t have insurance, every 16 years I could buy a new glider with the money I don’t on insurance.

With an expensive glider in the UK the rate is more like 1 and a half percent of hull value. Do Americans break their gliders more often. (PS I had a total loss claim following a midair 15 years ago, so the insurers will be out of pocket on me for a long time to come! Actually, I changed insurers after that claim because the ones who paid out did not quote competitively for the replacement glider!)