Stop me, before I do something crazy...

But does that 12k cover the entire hull value? I would doubt that it
would. It may cover partial value or liability and not in motion.
There's a Bo owner I know of that has spent so much on restoring his
airplane that the insurance company will no longer insure it for what
he's got into it. Something like 200k spent and maximum hull coverage
of around 125k. The insurance companies will cover an "agreed" value
but it's a value they have to accept as reasonable.
Dave


Newps wrote:
Guy near me just built a Lancair 4. Beautiful plane, although some of
the design features are just stupid, but a nice looking plane. Has to
be valued at least $350K First years insurance is $12,000.




dave wrote:

That's a beautiful airplane. Does anyone know if insurance is
available for it at that hull value? I don't mean just because it's
an experimental - I'm wondering if an insurance company would accept
an agreed value that high.
Dave
M35

Dan Luke wrote:

Drool:

http://rv6rick.tripod.com/ohiovalleyrvators/id19.html

dave wrote:
But does that 12k cover the entire hull value? I would doubt that it
would. It may cover partial value or liability and not in motion.



Full coverage. It had to be since he had a loan on the plane.

Although that's a ton of money for insurance, I'm glad to hear that he
was able to get full coverage. I was wrongly under the impression that
it wasn't available.
Dave
M35

Newps wrote:


dave wrote:
But does that 12k cover the entire hull value? I would doubt that it
would. It may cover partial value or liability and not in motion.



Full coverage. It had to be since he had a loan on the plane.