insurance: vote with your $

"misha" wrote in message ...
How many of you would dare to own a new a/c without having a full hull
value coverage?

I hope the discussion is coverage vs. not coverage, and not full value versus
not full value. If you're going to insure it, not insuring it for the full value is a
bad idea.


After being hit with a $15K premium with a $10K deductable

On what value hull or what value aircraft? I'm only paying $1500 and have no
deductable.

After all, my personal
experience with car insurance is that money-wise, it does not make sense
over any 10yr period.

If you're talking collision, I might be inclined to agree. The question is can
you afford the loss. On cars it's common for many to drop the collision (hull)
coverage once the value of the car drops (and the loan is paid off).

If we get out of mentality 'everybody does it, so should I', maybe the
insurance industry will wake up (again) to a sharp drop in revenue and
stop the rip-off. In the meanwhile many of us would save some money.

We saw a steep jump in our premium last year but it dropped back down to
what it's been all the prior years this year.

I hope the discussion is coverage vs. not coverage, and not full value versus
not full value.

Right.

On what value hull or what value aircraft? I'm only paying $1500 and have no
deductable.

See prev. post.

If you're talking collision, I might be inclined to agree. The question is can
you afford the loss.

I though that chances of survival are pretty slim in a total loss event
in flight - I hope to make it to Eden and not to be too worried about
the money part. Hull insurance on the ground (not in motion) is cheap,
and we're not talking about it.

"misha" wrote in message ...

If you're talking collision, I might be inclined to agree. The question is can
you afford the loss.

I though that chances of survival are pretty slim in a total loss event
in flight - I hope to make it to Eden and not to be too worried about
the money part.

You can do a lot of damage to the aircraft and still survive. If you have a loan
secured by the aircraft, they will almost certianly want insurance to protect
their interests by the way.

"Ron Natalie" wrote in message om...
"misha" wrote in message ...

I though that chances of survival are pretty slim in a total loss event
in flight - I hope to make it to Eden and not to be too worried about
the money part.

You can do a lot of damage to the aircraft and still survive. If you have a loan
secured by the aircraft, they will almost certianly want insurance to protect
their interests by the way.

True. In fact, the majority of airplane accidents are not fatal.
Been there, done that, was really glad I had hull insurance.

John Galban=====N4BQ (PA28-180)