I currently have builder's insurance from Avemco for just over $300.00
USD per year. Anyone else have a suggestion for a cheaper rate?
Thats the cheapest around. Thats who i used and i sell aviation insurance.
Every other company reguires liablity with the builders insurance. And if your
think about it, 300 a year is pretty cheap.
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Simply amazing!!!!
From those that would not buy hull insurance for their flying aircraft
to those that want to protect the parts and pieces of what is yet
to become an aircraft.
Take all kinds.
FWIW...
I've thought about it and I don't see it as all that cheap given the
meager risks involved in my neighborhood and home. Therefore,
I consider this a good self insurance bet. Especially, if the engine
is not on site or of minimal market value.
So, what do you get for $300?
Fire and theft protection for parts and pieces of a project that
requires nothing but work that lives in your garage 24 hours a day?
Unless you're hugely paranoid, it's a lot of money for minimal risk,
IMO.
FULL coverage on my FLYING aircraft is a tad over $700.
Now that..... is pretty cheap.
YMMV.
Barnyard BOb --
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