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In alt.games.microsoft.flight-sim Mxsmanic wrote:
Why do you need insurance? You don't. But if you don't have insurance you had better have very deep pockets and/or a bevy of lawyers on hand (at least in the US). Yes, you could go naked on the insurance, but if thats the case you might have to buy your own airport. How often does that actually happen? At every airport I have based my Bonanza, I have been required to show some proof of liability insurance in order to rent or own either a hangar or a tie-down. I guessing you wouldn't need to to that if you owned the airport. Sometimes it's more cost-effective to do without. And if you have enough socked away to pay for repairs or even to buy a new aircraft, why bother to insure it? Unless you can get really good premiums, that is. Its not the repair or replacement of the plane that is the issue. Its the liability. Crash your plane into a playground full of children and you will have lawyers suing you before you can even crawl out of the wreckage. At least here in the US. I understand other country's have different rules when it comes to liability. I'm tired of insurance companies dictating to the rest of society. You and me both. -- Frank Stutzman Bonanza N494B "Hula Girl" Hood River, OR (soon to be Boise, ID) |
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