renter's insurance

(RM) wrote in message . com...
It seems that a local guy will make me quite a good deal on renting his
little Cessna IF I supply my own renter's insurance.

I've no experience with this. Anyone have any pointers on where to go,
who to avoid and what it might cost?


This is more of a borrower's situation than a renters. Luckily renters
insurance does cover borrower's. However, there will be a large hole
in the policy. The renter's (borrower's) insurance will not cover
anything unless you can prove it was a result of pilot error. The
owner's policy will not cover anything if a pilot was flying it that
was not named or met the requirements of the open pilot. So if you
land and the wheel comes off and you spin into a ditch, there is no
insurance. The Renter's policy will say its not your fault the wheel
came off, the owner's policy will say a non-named pilot was flying.
You two would end up paying yourselves. Having said that, the deal
could still work. you could offer to pay the difference to get
yourself named on the policy, or you could get the renter's insurance
and "self insure" the rest. You will have liability yourself under the
renter's policy.

-Robert

You will have liability yourself under the
renter's policy.

All your buddy has to do is sue you (that's not difficult or
expensive, at least not in New Hampshire). Surely the jury would find
you liable. Then your insurance company would have to pay.

all the best -- Dan Ford
email: (put Cubdriver in subject line)

The Warbird's Forum www.warbirdforum.com
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Cub Driver wrote in message . ..
You will have liability yourself under the
renter's policy.

All your buddy has to do is sue you (that's not difficult or
expensive, at least not in New Hampshire). Surely the jury would find
you liable. Then your insurance company would have to pay.

Here in California its not unusual for one spouse to sue the other in
order to unlock the homeowner's insurance. If you trip and fall in
your own home and want to get your medical covered you can't do that
as the home owner but you can sue your spouse (who probably has Joint
Tenancy (in California a spouse actually has something slightly
different than JT but very similar)).

-Robert

Cub Driver wrote
All your buddy has to do is sue you (that's not difficult or
expensive, at least not in New Hampshire). Surely the jury would find
you liable. Then your insurance company would have to pay.

Actually, the insurance company would likely defend the suit. What's
more, you would have to cooperate with the defense. Anything less
than full cooperation would void the policy.

Michael

(Robert M. Gary) wrote in message . com...
The
owner's policy will not cover anything if a pilot was flying it that
was not named or met the requirements of the open pilot.

Even worse. If the owner has the usual business/pleasure coverage
they will deny the claim entirely when they find out the owner was
renting out the airplane. That's an entirely different (and much more
expensive) class of insurance.

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