"Robert M. Gary" wrote in message

to reduce your exposure. It greatly depends on the assests you are
trying to protect and your level of comfort.

That is certainly true when it comes to hull insurance since the level of
damage is somewhat objective or at least has realistic upper end. I think
there are very few circumstances though where it makes sense to fly without
liability insurance even if you have huge deep pockets. If a policy exists,
there is a very good chance a settlement can be negotiated for policy
limits. If there is no policy, then the settlement amount becomes an
arbitrary number and can easily exceed typical insurance policy limits --
once they have to go after your personal assets, there is no reason for them
to be restrained.

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Richard Kaplan

www.flyimc.com