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#11
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Thank you all for the well wishes and the advice.
When I told my friend that, according to some very knowledgable people, "fair" seemed to be in the $45.00 to $65.00 range he said, "Okay, $40.00 plus gas and she's yours." It's nice to have friends. It's even nicer to have fellow pilots for friends! -- Jim Fisher |
#12
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"Cecil E. Chapman" wrote in message
m... One of my customers who was a high-level V.P. in a computer software firm, is now looking for work (granted he has the blessing of the 'golden parachute') in the midst of our struggling California economy and recently told me that he was having trouble making the time to fly his C-172 enough and told me that I could fly it and just pay for gas and oil. He showed me a copy of his insurance coverage (by the way, who writes those things geez) and it covers whomever he designates to fly. May take him up on it... Cecil - note that your customer is indeed covered when you fly his plane, you are not. So if you wreck it your customer will be paid in full, the the insurance company may choose to subrogate you to recover their loss. I'm not saying don't fly it, but I am saying understand your risk and the difference between the open pilot clause and being a named insured. Mat -- Matthew Waugh Comm. SEL MEL, CFI-AI http://home.nc.rr.com/mwaugh/learn2fly/index.htm |
#13
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Cecil - note that your customer is indeed covered when you fly his plane,
you are not. So if you wreck it your customer will be paid in full, the the insurance company may choose to subrogate you to recover their loss. I'm not saying don't fly it, but I am saying understand your risk and the difference between the open pilot clause and being a named insured. Yikes! I didn't realize that,,, guess that is why I never went to law school grin. Thank you, seriously, for the info!!!! -- -- Good Flights! Cecil E. Chapman, Jr. PP-ASEL "We who fly do so for the love of flying. We are alive in the air with this miracle that lies in our hands and beneath our feet" - Cecil Day Lewis- My personal adventures as a student pilot and after my PPL: www.bayareapilot.com "Matthew Waugh" wrote in message . .. "Cecil E. Chapman" wrote in message m... One of my customers who was a high-level V.P. in a computer software firm, is now looking for work (granted he has the blessing of the 'golden parachute') in the midst of our struggling California economy and recently told me that he was having trouble making the time to fly his C-172 enough and told me that I could fly it and just pay for gas and oil. He showed me a copy of his insurance coverage (by the way, who writes those things geez) and it covers whomever he designates to fly. May take him up on it... Mat -- Matthew Waugh Comm. SEL MEL, CFI-AI http://home.nc.rr.com/mwaugh/learn2fly/index.htm |
#14
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On Wed, 6 Aug 2003 22:00:37 -0500, "Jim Fisher"
wrote: Thank you all for the well wishes and the advice. When I told my friend that, according to some very knowledgable people, "fair" seemed to be in the $45.00 to $65.00 range he said, "Okay, $40.00 plus gas and she's yours." It's nice to have friends. It's even nicer to have fellow pilots for friends! Sure enough and a good deal besides as a plane that doesn't fly any more than that one the hourly cost has to be high. And you are both satisfied. Good luck, Roger Halstead (K8RI EN73 & ARRL Life Member) www.rogerhalstead.com N833R World's oldest Debonair? (S# CD-2) |
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