Builder's Insurance Suggestions

On 07 Oct 2003 23:53:28 GMT, (CW9371) wrote:

One set of magic words is an "inland marine" rider. Can be written to cover
pratcically _anything_, anywhere, for damage from _any_ source. Tends to
*not* be inexpensive coverage.


My shop is covered by State Farm...They don't care what is in there.
They cover up to a percent of the shop value. I also carry "builder's
insurance from Avemco which at a current value (including engine,
prop and some instruments) is $80,000 it runs some where around $400 a
year.

Considering all the equipment in the shop it is well worth it.

Roger Halstead (K8RI EN73 & ARRL Life Member)
www.rogerhalstead.com
N833R World's oldest Debonair? (S# CD-2)


one magic word is aircraft. Tends to void any personal lines coverage. Inland
marine wont cover aircraft parts, least not a personal inland marine policy. A
surplus lines commercial one would but then again there you would run in the
minimum premium clause which would make it expensive. Least thats the way it
is in wis and the other states i write insurance in.

chris

My shop is covered by State Farm...They don't care what is in there.
They cover up to a percent of the shop value. I also carry "builder's
insurance from Avemco which at a current value (including engine,
prop and some instruments) is $80,000 it runs some where around $400 a
year.

Considering all the equipment in the shop it is well worth it.

Roger Halstead (K8RI EN73 & ARRL Life Member)
www.rogerhalstead.com
N833R World's oldest Debonair? (S# CD-2)



Roger, I would really read the policy over closely. I think u will find that
wont cover the aircraft or aircraft parts. Least here in wis state farm doesnt
cover anything having to do with aircraft.