Insuring a Columbia 400 & weekend only insurance

On 2007-07-13, Matt Barrow wrote:

"Tina" wrote in message
ps.com...

What may work best for you is to form a partnership with one or two
others and jointly own the airplane. The fixed costs, like
insurance, get spread, and if the airplane gets used 200 or 300
hours a year its availability will not be an important issue,
either. 200 hours a year is about 4 hours a week -- one or two days
a week at most.

The insurance will be based on the
least-experienced/fewest-annual-hours member of the partnership, so
he may have a hard time finding a group unless he's willing to pick
up the bulk of the insurance tab. That seems to be his main issue.

I like the suggestion. I'm figuring that since Columbia's are rarely
offered for rent, I could charge top dollar. As for the insurance,
would each pilot have to be named on the policy? If I require them to
have renters insurance, how would that effect my policy?

--
PM instructions: caesar cipher the alpha chars in my addy (key = +3).

On 2007-07-14, Justin Gombos wrote:

I like the suggestion. I'm figuring that since Columbia's are rarely
offered for rent, I could charge top dollar. As for the insurance,
would each pilot have to be named on the policy? If I require them to
have renters insurance, how would that effect my policy?

If you rent it, your insurance will skyrocket. If you add a few named
insured, the cost will only change by going up to whatever the least
experienced pilot's rate would be. However, there will probably be a
limit to how many you can add.

--
Ben Jackson AD7GD

http://www.ben.com/

On 2007-07-14, Ben Jackson wrote:

If you rent it, your insurance will skyrocket. If you add a few
named insured, the cost will only change by going up to whatever the
least experienced pilot's rate would be. However, there will
probably be a limit to how many you can add.

That's reasonable. What about the case of renting the plane only to
those who are listed on the policy (since they are not partial
owners)? I wouldn't need the insurance to cover walk-in pilots who
aren't listed, because it would probably only be a few people
involved.

--
PM instructions: caesar cipher the alpha chars in my addy (key = +3).