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Old June 18th 04, 03:16 PM
Gary Drescher
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"Iain Wilson" wrote in message
ink.net...
Interesting that the $10,000 damage is pretty close to the $1,000,000
liability. I'm sure that the insurance companies have run the numbers here
and worked out that the chances of a pilot getting sued for a mil are

about
the same as incurring $10k damage...


If the chances were equal, then $1M liability coverage would cost 100 times
as much as $10K damage coverage. If the costs are about the same, then
incurring $10K damage should be about 100 times as likely as incurring $1M
liability.

--Gary