Renter's Insurance?

Mortimer,

Renter's insurance is not terribly expensive. Make sure you get enough
hull insurance to cover the value of the airplane you fly, not just the
FBO's deductible. Check with your FBO, because the odds are that you
are NOT covered under its insurance, so if you prang and it's your
fault, the FBO's insurance will pay the FBO, then come after you.

Interestingly, the hull portion of insurance is pretty cheap, however,
they package it with liability coverage, which is more expensive. I
carry a policy that covers the value of aircraft I rent and I just got
a policy for my daughter as she recently soloed. Cost wasn't bad and
it gives a lot of piece of mind. I've seen too many folks suddenly
facing a $50,000 bill from an insurance company after they lost it in a
crosswind and tore up an airplane. Being able to hand it over to your
insurance company to handle is a heck of a lot better than trying to
set up a payment program or processing through bankruptcy.

All the best,
Rick

Mortimer Schnerd, RN wrote:
How many of you guys carry renter's insurance? I never have in the past but I'm
older and wiser now and have been thinking about it. Specifically, that offered
through AOPA.

How much hull insurance is necessary? I'm pretty sure the FBO insures their
aircraft but surely there's a deductible I need to consider.

Your thoughts?




--
Mortimer Schnerd, RN

VE

I carry renters insurance. It's not expensive, and covers me when I
(gasp) rent an airplane. I also belong to a club, but when I'm away,
I'll rent from an FBO. The club insurance covers me as a named pilot on
their policy, but I don't have control of their policy, and one "oops"
can leave me uncovered.

Jose
--
The price of freedom is... well... freedom.
for Email, make the obvious change in the address.

I carry $50,000 hull damage coverage plus the $1,000,000 liability with
Avemco. I hate writing the check every year, but I would not fly without
it. I've also noticed FBOs react nicer to renters who show up with
insurance. I don't think it's because they are worried about getting their
money back in case of an accident, but maybe it shows a sense of
resposibliity.

On a side note, a friend of mine who is partners in a 172 discovered during
his insurance renewal that he was not covered for flying a non-owned
aircraft. Apparently the insurance covered the main insured party, which is
a corporation that owns the plane, for flying non-owned planes and he and
his son and partner, as named insured to fly their plane, were not covered
for flying non-owned planes.. Not sure if I'm getting the insurance terms
correct. So the few times he rented on vacation, and the four years his son
rented at college, they were not covered.

He is only covered in rental aircraft when operating as the company.
For most of us that means when you rent a plane to go retrieve your
plane after annual since the only business of the company is to own the
aircraft

On Fri, 27 May 2005 21:57:21 GMT, "lardsoup" wrote:

I've also noticed FBOs react nicer to renters who show up with
insurance.

Just so. I was being cross-examined by an FBO and scheduled for a
check flight to fly their Taylorcraft, but when I pulled out the
insurance policy they just melted. The examination ended, and I got
the impression that I could have just stepped into the airplane and
flown it without a check flight, but I wanted the instruction.


-- all the best, Dan Ford

email (put Cubdriver in subject line)

Warbird's Forum: www.warbirdforum.com
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the blog: www.danford.net
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I read an article this spring.. I do not remember if it was in AOPA, Private
Pilot.. or Flying.. about renters insurance..

One thing that stuck in my head on this one.. the renters insurance only
kicks in if you the renter pilot is found to be at fault.. if it's a
mechanical.. you may not be covered... if you land sideways in the cross
wind and loose control... that's what the insurance is for..

BT

"Mortimer Schnerd, RN" wrote in message
...
How many of you guys carry renter's insurance? I never have in the past
but I'm older and wiser now and have been thinking about it.
Specifically, that offered through AOPA.

How much hull insurance is necessary? I'm pretty sure the FBO insures
their aircraft but surely there's a deductible I need to consider.

Your thoughts?




--
Mortimer Schnerd, RN

VE

"BTIZ" wrote in message
news:zPPle.1202$fp.1186@fed1read05...
I read an article this spring.. I do not remember if it was in AOPA,
Private Pilot.. or Flying.. about renters insurance..

One thing that stuck in my head on this one.. the renters insurance only
kicks in if you the renter pilot is found to be at fault.. if it's a
mechanical.. you may not be covered...

My renter's insurance covers me for damages for which I am "legally liable",
not just when I'm "at fault" in the sense of committing a pilot error.

--Gary

On 5/27/05 6:51 AM, in article
, "Mortimer Schnerd, RN"
spewed:

How many of you guys carry renter's insurance? I never have in the past but
I'm
older and wiser now and have been thinking about it. Specifically, that
offered
through AOPA.

How much hull insurance is necessary? I'm pretty sure the FBO insures their
aircraft but surely there's a deductible I need to consider.

Your thoughts?



I carry enough to cover the plane that I regularly fly. Funny that I feel a
larger motivation to fly more since I have it and don't want to let that
check go to waste.
--
Jeff 'The Wizard of Draws' Bucchino

Cartoons with a Touch of Magic�
http://www.wizardofdraws.com

More Cartoons with a Touch of Magic�
http://www.cartoonclipart.com

The airport where I rent requires us to carry $40,000 hull insurance.
To that I add $1 million liability, for a cost of about $600 a year. I
would have the liability even if I wasn't obliged to carry the hull
insurance in order to rent.

(Prior to the new requirement, I carried only $15K, figuring that a
lot of what made the Cub valuable would survive a crash, and that I
didn't mind a bit of self-insurance in there. But the most recent
addition to the fleet cost $40,000 to rebuild, and the owner got anal
about being able to recover his investment.)

(Can you imagine a $40,000 L-4? I wonder what the army paid for that
bird, about $1,800?)


On Fri, 27 May 2005 10:51:32 GMT, "Mortimer Schnerd, RN"
wrote:

How many of you guys carry renter's insurance? I never have in the past but I'm
older and wiser now and have been thinking about it. Specifically, that offered
through AOPA.

How much hull insurance is necessary? I'm pretty sure the FBO insures their
aircraft but surely there's a deductible I need to consider.

Your thoughts?


-- all the best, Dan Ford

email (put Cubdriver in subject line)

Warbird's Forum: www.warbirdforum.com
Piper Cub Forum: www.pipercubforum.com
the blog: www.danford.net
In Search of Lost Time: www.readingproust.com

"Cub Driver" wrote in message
news

The airport where I rent requires us to carry $40,000 hull insurance.
To that I add $1 million liability, for a cost of about $600 a year. I
would have the liability even if I wasn't obliged to carry the hull
insurance in order to rent.

(Prior to the new requirement, I carried only $15K, figuring that a
lot of what made the Cub valuable would survive a crash, and that I
didn't mind a bit of self-insurance in there. But the most recent
addition to the fleet cost $40,000 to rebuild, and the owner got anal
about being able to recover his investment.)

(Can you imagine a $40,000 L-4? I wonder what the army paid for that
bird, about $1,800?)

More like $200k bearing in mind the way the system works