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#1
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![]() I wouldn't worry about resale value, since that should already be taken into account when you pay for the plane. but it won't be taken into account for all the stuff you put into it. Jose -- (for Email, make the obvious changes in my address) |
#2
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#3
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#4
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![]() "John Galban" wrote in message om... (Robert M. Gary) wrote in message . com... The only thing the insurance co's really are concerned about is the hours on the engine. If you get an overhaul they'll be happy (they really only care about SMOH time). As far as I know, there's only one underwriter that even asks about engine hours. They only started doing it a couple of years ago and other companies have not followed suit (unfortunately, I can't recall the name of the company). I just got quotes from 4 companies and not one asked me about time SMOH. The standard policies from most of the underwriters only require that the plane is legally airworthy. That includes current annuals and ADs. John Galban=====N4BQ (PA28-180) I have never been asked about SMOH either. BTW just got my renewal which was about 10% lower than last year. |
#5
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![]() Dave Stadt wrote: BTW just got my renewal which was about 10% lower than last year. The stock market's picked up quite a bit. That's reflected in your rate. George Patterson None of us is as dumb as all of us. |
#6
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"Dave Stadt" wrote in message m...
"John Galban" wrote in message om... (Robert M. Gary) wrote in message . com... The only thing the insurance co's really are concerned about is the hours on the engine. If you get an overhaul they'll be happy (they really only care about SMOH time). As far as I know, there's only one underwriter that even asks about engine hours. They only started doing it a couple of years ago and other companies have not followed suit (unfortunately, I can't recall the name of the company). I just got quotes from 4 companies and not one asked me about time SMOH. The standard policies from most of the underwriters only require that the plane is legally airworthy. That includes current annuals and ADs. John Galban=====N4BQ (PA28-180) I have never been asked about SMOH either. BTW just got my renewal which was about 10% lower than last year. I get asked at each renewal. |
#7
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"Marty" wrote in message ...
I just looked at an ad in Trade a plane. It's a Cessna Cardinal, 1968 (fairly cheap)with no paperwork which means to me, no logs. We looked at an early 150hp Cardinal before buying our 172L. Test-flew it in the sweltering humidity and heat of Houston in August and was so happy it finally got off the ground and wallowed its way into the air. It was an OK bird I guess, nice and roomy but now I know firsthand why everyone says they need a 180hp engine. They really do. With no logbooks however, IMHO it's only worth what Wentworth would buy it for as salvage. |
#8
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![]() "Marty" wrote in message ... I just looked at an ad in Trade a plane. It's a Cessna Cardinal, 1968 (fairly cheap)with no paperwork which means to me, no logs. Besides the obvious, what kind of hassles is there to lost logs? If I were to purchase this plane, it would be with the intention of doing a ground-up resto.after a structural blessing by my A&P. Say I got it, put in new avionics, new engine, prop overhauled, ADs complied with, fresh paint and interior. What else am I faced with? Any insurance hassles? I really like the Cardinals and see this as a possible opportunity since Cessna won't make any more of them. Marty Shouldn't be too hard to find a dataplate that comes with complete paperwork. It's done all the time with vintage and antiques. |
#9
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![]() "Dave Stadt" wrote in message om... Shouldn't be too hard to find a dataplate that comes with complete paperwork. It's done all the time with vintage and antiques. That's exactly how my Cardinal was made. We took two damaged Cardinals, completely rebuilt them and put the data plate from the smashed plane on the new one because it only had 1200 TT. |
#10
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If I had the cash I'd buy it asap for a project and nothing more,
"Marty" wrote in message ... I just looked at an ad in Trade a plane. It's a Cessna Cardinal, 1968 (fairly cheap)with no paperwork which means to me, no logs. Besides the obvious, what kind of hassles is there to lost logs? If I were to purchase this plane, it would be with the intention of doing a ground-up resto.after a structural blessing by my A&P. Say I got it, put in new avionics, new engine, prop overhauled, ADs complied with, fresh paint and interior. What else am I faced with? Any insurance hassles? I really like the Cardinals and see this as a possible opportunity since Cessna won't make any more of them. Marty |
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