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Renting ?'s



 
 
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  #11  
Old January 30th 04, 10:52 AM
Cub Driver
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$25k of hull insurance?


Sure. It's what I carry. A nice Cub can be had for under $30,000.
Besides, the instruments will probably survive the crash

My instructor carries $15K. He's even more optimistic about systems
surviving than I am. Besides, he reckons that he can risk some of his
own money in there.

(We don't have a minimum. We are required to be insured, that's all. I
think the airport is mostly interested in covering its own deductible;
it will let the two insurance companies argue about the details.)

all the best -- Dan Ford
email:

see the Warbird's Forum at
www.warbirdforum.com
and the Piper Cub Forum at www.pipercubforum.com
  #12  
Old January 30th 04, 05:32 PM
Newps
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Cub Driver wrote:

A nice Cub can be had for under $30,000.

Nice Cub and Under $30K do not go together. Period.


  #14  
Old January 30th 04, 10:44 PM
Dave Stadt
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"Cub Driver" wrote in message
...

$25k of hull insurance?


Sure. It's what I carry. A nice Cub can be had for under $30,000.
Besides, the instruments will probably survive the crash

My instructor carries $15K. He's even more optimistic about systems
surviving than I am. Besides, he reckons that he can risk some of his
own money in there.


That's not how it works. If he has an accident he will get a check for
$15,000 and the insurance company gets the plane. He is out a $30,000 plane
and has a check for $15,000. The insurance company how sells the plane for
what they can get which might exceed what he had it insured for.




 




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