buy or rent a 2006 182

"Blueskies" wrote in message
t...
Doesn't the flight school have any insurance?

Most likely yes. But most likely it covers the flight school, not the
renter pilot.

1) Pilot breaks airplane.
2) Insurance co. pays flight school.
3) Renter pilot learns what the word "subrogation" means.

Many flight schools fail to stress this "gotcha" to their customers because
then fewer folks would rent their airplanes.

Vaughn

"Vaughn Simon" wrote in message
...

"Blueskies" wrote in message t...
Doesn't the flight school have any insurance?

Most likely yes. But most likely it covers the flight school, not the renter pilot.

1) Pilot breaks airplane.
2) Insurance co. pays flight school.
3) Renter pilot learns what the word "subrogation" means.

Many flight schools fail to stress this "gotcha" to their customers because then fewer folks would rent their
airplanes.

Vaughn

Yes, so the plane is covered. Then the renter's insurance covers the additional liability...

"Blueskies" wrote in message
news

"Vaughn Simon" wrote in message
...

"Blueskies" wrote in message
t...
Doesn't the flight school have any insurance?

Most likely yes. But most likely it covers the flight school, not the
renter pilot.

1) Pilot breaks airplane.
2) Insurance co. pays flight school.
3) Renter pilot learns what the word "subrogation" means.

Many flight schools fail to stress this "gotcha" to their customers
because then fewer folks would rent their airplanes.

Vaughn

Yes, so the plane is covered. Then the renter's insurance covers the
additional liability...

Only if the renter has bought enough hull coverage on his renter's
insurance policy. The hull is not covered by the liability portion. I haven't
looked lately, but usually about $100,000 is the most you can buy.

Vaughn

In article ,
"Blueskies" wrote:

"Vaughn Simon" wrote in message
...

"Blueskies" wrote in message
t...
Doesn't the flight school have any insurance?

Most likely yes. But most likely it covers the flight school, not the
renter pilot.

1) Pilot breaks airplane.
2) Insurance co. pays flight school.
3) Renter pilot learns what the word "subrogation" means.

Many flight schools fail to stress this "gotcha" to their customers
because then fewer folks would rent their
airplanes.

Vaughn

Yes, so the plane is covered. Then the renter's insurance covers the
additional liability...

My $30k of hull is enough to cover the owners deductible.
The liability covers the rest.

Dan Luke wrote:

"kontiki" wrote:


My point was that for the kind of money you are talking about I could
by cruising at 165kts at the same or less fuel burn, and still have
enough money left to by a lot of Avgas.


Yes, in a considerably older airplane with older avionics, higher maintenance
costs, etc. If it was a retractable, insurance would be more, too.

Nevertheless, speed is good. I like Bo's, and very nice ones can be had for
$300K.

Sheesh, you can get a nice S35 like mine with a freshly overhauled 550
and autopilot for about $100K. 190 kts true and $200K left over to play
around with.

Blueskies wrote:

"Dan Luke" wrote in message ...

"john smith" wrote:


Dan Luke wrote:

Renter's ins., $1M smooth $3,185 (?)

I only pay about $750/year with AVEMCO for $1M renters insurance.

What hull value does that cover?

$30k

That wouldn't help much if I crumped a $300K bird.

I'll call my agent Tuesday and see what it would cost to cover that much.

--
Dan
? at BFM



Doesn't the flight school have any insurance?


Yes, they are covered.

"Newps" wrote:

My point was that for the kind of money you are talking about I could
by cruising at 165kts at the same or less fuel burn, and still have
enough money left to by a lot of Avgas.


Yes, in a considerably older airplane with older avionics, higher
maintenance costs, etc. If it was a retractable, insurance would be more,
too.

Nevertheless, speed is good. I like Bo's, and very nice ones can be had
for $300K.

Sheesh, you can get a nice S35 like mine with a freshly overhauled 550 and
autopilot for about $100K. 190 kts true and $200K left over to play around
with.

Bo's older than '85 won't do.

On 05/26/07 18:57, john smith wrote:
In article ,
"Blueskies" wrote:

"Vaughn Simon" wrote in message
...

"Blueskies" wrote in message
t...
Doesn't the flight school have any insurance?

Most likely yes. But most likely it covers the flight school, not the
renter pilot.

1) Pilot breaks airplane.
2) Insurance co. pays flight school.
3) Renter pilot learns what the word "subrogation" means.

Many flight schools fail to stress this "gotcha" to their customers
because then fewer folks would rent their
airplanes.

Vaughn

Yes, so the plane is covered. Then the renter's insurance covers the
additional liability...

My $30k of hull is enough to cover the owners deductible.

Do you believe that you will only be asked to pay the owner's
deductible? Why do you think the owner's insurance company won't
come after you for the money they paid to the owner?

The liability covers the rest.

Do you think your liability coverage will pay the owner's insurance
company back for the claim they paid to the owner on the hull coverage?

"john smith" wrote in message
...
My $30k of hull is enough to cover the owners deductible.

Nope! Your rental contract likely makes you liable to the owner for his
deductible and other related expenses, but it does not end there! Here is the
way subrogation works:

1) The owner's insurance company pays the claim to the owner of the airplane,
who hopefully walks away happy.
2) The insurance company sues the responsible party for its loss (most likely,
the renter pilot...You)

There are two things that can protect you from the threat of subrogation:
1) Your flight school/FBO paid extra for a "waiver of subrogation" clause to
protect their customers. (I understand this is rare these days.)
2) Your vulnerable assets are small enough that the insurance company does not
bother suing you (In practice, this probably happens a lot.)

Liability does not apply. Liability pays for bodily injury and things you break
other than the airframe you are renting.

I am not a lawyer (and don't play one on the Internet) so if I am wrong about
this, please show me something to convince me.

Vaughn

-----Original Message-----
From: Dan Luke ]
Posted At: Saturday, May 26, 2007 9:46 PM
Posted To: rec.aviation.owning
Conversation: buy or rent a 2006 182
Subject: buy or rent a 2006 182
...

Bo's older than '85 won't do.

Why the '85 cutoff? Is there a tax reason or corporate flight department
requirement? I'm very interested in this point.