In article . com,
"M" wrote:
If you never carry passengers other than your immediate family members,
then the 1M smooth policy is a genuine waste of money.

However if you do even occasionally carry passengers, you should
seriously consider 1M smooth policy. Almost all the plane owners have
at least several hundred thousands worth of personal assets. In a
crash that results in personal injury the $100k submit can't even begin
to pay for anything, and the insurance company will likely wash its
hands and pay out that $100k w/o spending much on a good attorney for
your defense. The 1M liability will cause the insurance company to
take the case seriously and spend money on a really good attorney.


If someone is going to hire an attorney to sue, chances are they're
going after more than $1M if you have those assets. Between attorney's
fees and court costs, I'm not sure that it would be worth anyone's time
to go after, say, $500k when their other option is to walk away with
$100k and not have to pay anyone.

If your assets exceed $1M, obviously those assets are still at risk if
your policy limits are $1M smooth.

Personally, I don't plan to crash and do everything possible to avoid
it. Anyone can decide to sue for any reason, but if you're that
paranoid then you probably shouldn't be carrying passengers to begin
with. Bottom line is that I don't think the $1M smooth policies really
buy you much, nor do I think that the risk is great enough to worry
about the $100k per seat sub limits.



JKG