insurance

I have a wag aero sport trainer that meets all of the sport pilot rules, I
have a commercial SEL,glider Rating and a motor glider endorsement .I have
elected to exercise my privalege as a sport pilot and fly with a drivers
license. the problem is liability insurance,I have a current policy with
Avemco,however ,they don't seem to know what the company policy is and will
not commit to renewing the policy, I'm still waiting on AOPA,has anyone
else been faced with this probem.
Thanks
Ray

I take it you won't be able to get a medical and that is why you want to fly
with your DL instead of with your CSEL and all the glider endorsements. Why
don't you just forget insurance? I have saved enough by not buying
insurance for twenty years to buy another homebuilt like I'm flying. The
way I look at it, if you have to use your liability policy chances are you
won't care, and hull insurance is a gamble. If you screw up chances are the
insurance won't pay to replace your plane anyhow. Cut your losses and drop
your coverage.
JMHO
Jim

"Ray" wrote in message
...
I have a wag aero sport trainer that meets all of the sport pilot rules, I
have a commercial SEL,glider Rating and a motor glider endorsement .I have
elected to exercise my privalege as a sport pilot and fly with a drivers
license. the problem is liability insurance,I have a current policy with
Avemco,however ,they don't seem to know what the company policy is and
will
not commit to renewing the policy, I'm still waiting on AOPA,has anyone
else been faced with this probem.
Thanks
Ray

Jim
I appreciate your input,I elected not to jump through Silbermans's hoops
anymore,I could have renewed my second class at a cost of approximately
$1000. whats the use,when you prove to the FAA there is no problem,its still
on the record and some beaurocrat in OKcity says you have to comply with my
requirements. you are right about the insurance i'll just forget it and fly
on my merry way.
regards
Ray
"Bingo" wrote in message
nk.net...
I take it you won't be able to get a medical and that is why you want to
fly
with your DL instead of with your CSEL and all the glider endorsements.
Why
don't you just forget insurance? I have saved enough by not buying
insurance for twenty years to buy another homebuilt like I'm flying. The
way I look at it, if you have to use your liability policy chances are you
won't care, and hull insurance is a gamble. If you screw up chances are
the
insurance won't pay to replace your plane anyhow. Cut your losses and
drop
your coverage.
JMHO
Jim

"Ray" wrote in message
...
I have a wag aero sport trainer that meets all of the sport pilot rules,
I
have a commercial SEL,glider Rating and a motor glider endorsement .I
have
elected to exercise my privalege as a sport pilot and fly with a drivers
license. the problem is liability insurance,I have a current policy with
Avemco,however ,they don't seem to know what the company policy is and
will
not commit to renewing the policy, I'm still waiting on AOPA,has anyone
else been faced with this probem.
Thanks
Ray

"Bingo" wrote in message
nk.net...
I take it you won't be able to get a medical and that is why you want to
fly
with your DL instead of with your CSEL and all the glider endorsements.
Why
don't you just forget insurance? I have saved enough by not buying
insurance for twenty years to buy another homebuilt like I'm flying. The
way I look at it, if you have to use your liability policy chances are you
won't care, and hull insurance is a gamble. If you screw up chances are
the
insurance won't pay to replace your plane anyhow. Cut your losses and
drop
your coverage.
JMHO
Jim

Jim,

I've heard several people in various forums indicate that if you screw up,
the insuror may not pay for the plane and/or repairs. Are you personally
familiar with any cases of run of the mill accidents e.g. groundloops,
running out of fuel, etc. where an insurance company didn't pay up? I
simply can't imagine that happening. After all, that is why we buy
insurance...

KB

I have heard of instances where a rental plane was damaged (actually, more
than one) and the insurance company came after the pilot who was renting the
aircraft. The planes were insured by the owner and operated on a lease-back
by a management company. The owners got the damage paid
for...............but that's not the way insurance is supposed to work.
Using that as an example, ..............although there will no doubt be
others with opposing views, I stand by my view on insurance as a big scam -
auto, health, homeowner's, etc. I put in for a $300 claim to my homeowner's
insurance and couldn't get coverage again for three years. I've paid car
insurance for over 44 years and only used it twice (liability only), both
times raising my rate. My boy was in an accident that was his fault and the
insurance company came after him. Why pay insurance?

Jim

"Kyle Boatright" wrote in message
...

"Bingo" wrote in message
nk.net...
I take it you won't be able to get a medical and that is why you want to
fly
with your DL instead of with your CSEL and all the glider endorsements.
Why
don't you just forget insurance? I have saved enough by not buying
insurance for twenty years to buy another homebuilt like I'm flying.
The
way I look at it, if you have to use your liability policy chances are
you
won't care, and hull insurance is a gamble. If you screw up chances are
the
insurance won't pay to replace your plane anyhow. Cut your losses and
drop
your coverage.
JMHO
Jim

Jim,

I've heard several people in various forums indicate that if you screw up,
the insuror may not pay for the plane and/or repairs. Are you personally
familiar with any cases of run of the mill accidents e.g. groundloops,
running out of fuel, etc. where an insurance company didn't pay up? I
simply can't imagine that happening. After all, that is why we buy
insurance...

KB

On Thu, 2 Sep 2004 22:46:12 -0400, "Kyle Boatright"
wrote:

Jim,

I've heard several people in various forums indicate that if you screw up,
the insuror may not pay for the plane and/or repairs. Are you personally
familiar with any cases of run of the mill accidents e.g. groundloops,
running out of fuel, etc. where an insurance company didn't pay up? I
simply can't imagine that happening. After all, that is why we buy
insurance...

KB

I can cite one I know about. Friend of mine had his airplane hangared
for the winter. Bad snow that winter and the hangar roof collapsed on
his airplane. Lost a prop and some fabric damage.

Owner had insurance covering the situation and the insurance company
acknowledged as such. Then they told him they weren't going to pay
his claims. Told him to take them to court if he wanted. He did, and
won, but the settlement did not cover the cost of the repairs and then
there was the payment to the lawyers...

Corky Scott

Ray

You may want to consider just liability and put the yearly hull
premiums in a separate account of yours to cover (help pay for) any
hull damage.

Aren't there also some policies out of the aircraft field (umbrella)
that would cover any liability and shield your business/estate?

Get the mind set that if you crash you will either fix yourself or
write off and take the hull loss.

Good luck and fly safe.

Big John



On Thu, 2 Sep 2004 21:38:43 -0400, "Ray"
wrote:

Jim
I appreciate your input,I elected not to jump through Silbermans's hoops
anymore,I could have renewed my second class at a cost of approximately
$1000. whats the use,when you prove to the FAA there is no problem,its still
on the record and some beaurocrat in OKcity says you have to comply with my
requirements. you are right about the insurance i'll just forget it and fly
on my merry way.
regards
Ray
"Bingo" wrote in message
ink.net...
I take it you won't be able to get a medical and that is why you want to
fly
with your DL instead of with your CSEL and all the glider endorsements.
Why
don't you just forget insurance? I have saved enough by not buying
insurance for twenty years to buy another homebuilt like I'm flying. The
way I look at it, if you have to use your liability policy chances are you
won't care, and hull insurance is a gamble. If you screw up chances are
the
insurance won't pay to replace your plane anyhow. Cut your losses and
drop
your coverage.
JMHO
Jim

"Ray" wrote in message
...
I have a wag aero sport trainer that meets all of the sport pilot rules,
I
have a commercial SEL,glider Rating and a motor glider endorsement .I
have
elected to exercise my privalege as a sport pilot and fly with a drivers
license. the problem is liability insurance,I have a current policy with
Avemco,however ,they don't seem to know what the company policy is and
will
not commit to renewing the policy, I'm still waiting on AOPA,has anyone
else been faced with this probem.
Thanks
Ray