On Sunday, January 18, 2015 at 6:45:19 PM UTC-5, wrote:
Hank, what am I missing? I understand my own choice is more severe, but his inquire was for a $3K deductible.
Value Damage Insurance Deductible Action Settlement Net Cost
$70,000 $60,000 $67,000 $1,000 Repaired $59,000 -$1,000
$70,000 $65,000 $67,000 $1,000 Repaired $64,000 -$1,000
$70,000 $67,000 $67,000 $1,000 Totaled $66,000 -$4,000
$70,000 $70,000 $67,000 $1,000 Totaled $66,000 -$4,000
~Barny

I was commenting on the concept I understood you were describing that would under insure you by 20K on let's say, a 70K value. The insurance company will total the ship at about 70% of their coverage, or at about 35K. At that point you are out a glider and 20 short of replacing it with the same.
If a provider will give you a good rate for, say 3-5 K deductable, and you are comfortable with that level of loss, cool. Creating what I will call "apparent deductable" by under insuring is, in my experience, false economy. Before I would do that, I would drop trailer coverage, based on likely exposure, and properly cover the glider.
I see a fair number of 20K gliders insured for 15K. Bang the nose, and break the canopy, and it is totaled because it can't be fixed for 10K.
FWIW
UH