More on High Performance Insurance

One fundamental of insurance, is you should insure for what you cannot
afford to replace. For example, WalMart does not carry fire insurance
on their stores. It is less expensive for them to rebuild the
occasional store that burns down than to insure. This should not seem
surprising, as insurance companies have overhead and profit added to
the insurance premium.

In that vein, I have a $10,000 deductible. The above reason, combined
with the fact that insurance companies tend to just raise your rate to
cover small claims, led me to this decision. (I have considered not
carrying hull insurance, but decided against it due to I really can't
afford to go out and just replace the whole plane without some
difficulty).

So now for the question. Am I in danger of suffering the consequences
of being "underinsured"? I have the aircraft insured for slightly more
than I could go out and buy one in TAP for. But I have a 10k
deductible. So I am not underinsured in terms of picking a too small
hull value. Can this high deductible somehow work against me?