"Ben Jackson" wrote in message
news:44Ltc.12956$n_6.5876@attbi_s53...

Their total cost is $policy_value-$salvage. As soon as $repair exceeds
that, it's cheaper to total. Consider how much of an aircraft's value is

This is why you should be careful to never insure your airplane for a hull
value less than something with which you would be happy in the case of a
declared total loss.

Imagine if your airplane is worth $100,000 and you insure it for $75,000 and
then suffer a $10,000 loss. They could total your airplane, pay you
$75,000, fix the airplane, and sell it for $100,000. In the process you
lose $25,000 plus your premiums; they gain $15,000 plus your premiums.


--------------------
Richard Kaplan, CFII

www.flyimc.com