"Cub Driver" wrote in message
news

The airport where I rent requires us to carry $40,000 hull insurance.
To that I add $1 million liability, for a cost of about $600 a year. I
would have the liability even if I wasn't obliged to carry the hull
insurance in order to rent.

(Prior to the new requirement, I carried only $15K, figuring that a
lot of what made the Cub valuable would survive a crash, and that I
didn't mind a bit of self-insurance in there. But the most recent
addition to the fleet cost $40,000 to rebuild, and the owner got anal
about being able to recover his investment.)

(Can you imagine a $40,000 L-4? I wonder what the army paid for that
bird, about $1,800?)

More like $200k bearing in mind the way the system works