Advice and experts with 400 series Cessnas (414 and 421), purchase and training

wrote in message
news:1104532621.47695f51644ac10c93563568d2bcd3af@t eranews...

You'd get liability coverage so that if you crashed it INTO something
thei insurance company would cover what you hit. You'd probably get
"not in motion" hull coverage so if the hangar collapsed you'd be covered.
You'd skip the "in motion" hull coverage (which is the bulk of the
premium).

Then, if you crashed, you'd have to pay to repair it or decide it's not
repairable and sell the aircraft for salvage. In any survivable accident
the salvage value is likely to be pretty high.

Someone was telling me that the hull portion was the least portion of
the premium. I'm guessing it is the liability, i.e., I crash, kill
everyone on board, their families sue, damage/casualties on the
ground, etc.


The hull coverage is going to be the largest component of insurance by far.
On a $400K hull with a low time multi pilot, hull might be 90% of the total
premium.

Mike
MU-2