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Old January 19th 15, 12:42 AM posted to rec.aviation.soaring
John Cochrane[_3_]
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Default Any insurance plans for high-deductible, low premiums?

On Saturday, January 17, 2015 at 9:05:09 AM UTC-8, Bret Hess wrote:
I haven't heard of plans that offer low premiums in exchange for say $2000-3000 deductible. Anyone know of one?


I asked Costello about this. Basically, I wanted a policy in which I didn't pay premiums to cover other pilot's busted canopies ($5,000 item). I wanted low cost insurance for big disasters only. His answer was interesting. We're just too small a market for that kind of variety.

Then I busted the canopy. $5,000 later, I was glad he said no! But when you put in a claim, they raise your rates for a few years, ending up clawing back about $2,500 in higher premiums, plus the deductible. So, when you think about it, your current policy is really a $3,000 deductiible.

John Cochrane