Insurance coverage: $1,000,000.00
I have just received a tie-down sublease agreement from an FBO where I
am planning to park my airplane. The agreement has the following
provision:
"The Tenant shall provide to Landlord Certificates of Insurance showing
coverage and continued coverage by insurance for Liability and Workers
Compensation with M.D. Aircraft Service Inc., designated as additional
insured for the amount of $1,000,000.00."
Is that type of coverage normal? I am really afraid this insurance will
cost me an arm and a leg.
Comments anyone?
-- C.Dweller
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