Another pilot grounded by insurance

By this time tomorrow I will probably be posting my good-by to this
group and the most interesting and rewarding adventure of my life.

During an insurance review today we learned that our umbrella policy
will only cover aircraft risks if I also have an aviation policy that
covers each person up to $1,000,000. The club Avemco policy has a
$100,000 per person limit and they tell me there is no way it could be
bumped up for club coverage. They also doubt that I could find
personal coverage in that amount. Even if I could, the Liberty Mutual
would want about as much as renters insurance to add aviation risks to
the umbrella. Not needing to carry that cost has been a key to
aviation for this financially marginal pilot. With two kids too close
to college for us to recover from a major economic hit, we can’t take
the risk on not having the umbrella as well as the club insurance.

I’m pretty sure that the solution does not lie with the aviation
insurance having done an alternate insurance search for the club a
year or so ago. My only hope is to find an umbrella carrier that will
accept the limits now standard in aviation. If anyone knows of one
that will, I would like to hear about it. Otherwise, check back here
in a couple days for a list of headsets and other stuff for sale.

--

Roger Long

Roger Long wrote:

By this time tomorrow I will probably be posting my good-by to this
group and the most interesting and rewarding adventure of my life.

Very sorry to read this, Roger. I have enjoyed your contributions to this
group over the last four or so years I have been reading it.

I certainly understand your dilemma.

--
Peter

My only hope is to find an umbrella carrier that will
accept the limits now standard in aviation. If anyone knows of one
that will, I would like to hear about it. Otherwise, check back here
in a couple days for a list of headsets and other stuff for sale.

There is another hope. Buy an airplane. It doesn't have to be an
expensive one, but it does have to be a real one. Then you can buy
owner insurance which will reach your limits and be covered by your
umbrella.

Such insurance often comes with rental insurance also. Lease the plane
back and rent whatever you want.

Jose
--
Money: what you need when you run out of brains.
for Email, make the obvious change in the address.

("Roger Long" wrote)
By this time tomorrow I will probably be posting my good-by to this group
and the most interesting and rewarding adventure of my life.


Tell them to write you the policy or you'll have to introduce them to your
friends - The Russians. :-)

Good luck getting it all sorted out!


Montblack
Good job and congratulations on your History Channel special. It was
interesting.

During an insurance review today we learned that our umbrella policy
will only cover aircraft risks if I also have an aviation policy that
covers each person up to $1,000,000. The club Avemco policy has a
$100,000 per person limit and they tell me there is no way it could be
bumped up for club coverage. They also doubt that I could find
personal coverage in that amount. Even if I could, the Liberty Mutual
would want about as much as renters insurance to add aviation risks to
the umbrella. Not needing to carry that cost has been a key to
aviation for this financially marginal pilot.

Do you mean your homeowners umbrella policy?
I have a homeowners umbrella policy for $1M, but I haven't reviewed it
for aviation limitations.
I do have an AVEMCO $1M renters insurance policy. I pay $400/year for
that.

I'm really sorry to hear this Roger, and I hope that in the end there's a
way for you to solve it.
Every time I hear of something like this happening to one of today's pilots,
I thank God my actual flying days came to an end before the onset of this
mess that lawyers have made of general aviation. They have all but killed it
at this point for many of us out here.
Please think about not leaving the group. Perhaps something will break in
another direction for you, and hanging out here with your friends might be
the place to find out about it.
Dudley Henriques



"Roger Long" wrote in message
...
By this time tomorrow I will probably be posting my good-by to this group
and the most interesting and rewarding adventure of my life.

During an insurance review today we learned that our umbrella policy will
only cover aircraft risks if I also have an aviation policy that covers
each person up to $1,000,000. The club Avemco policy has a $100,000 per
person limit and they tell me there is no way it could be bumped up for
club coverage. They also doubt that I could find personal coverage in that
amount. Even if I could, the Liberty Mutual would want about as much as
renters insurance to add aviation risks to the umbrella. Not needing to
carry that cost has been a key to aviation for this financially marginal
pilot. With two kids too close to college for us to recover from a major
economic hit, we can’t take the risk on not having the umbrella as well as
the club insurance.

I’m pretty sure that the solution does not lie with the aviation insurance
having done an alternate insurance search for the club a year or so ago.
My only hope is to find an umbrella carrier that will accept the limits
now standard in aviation. If anyone knows of one that will, I would like
to hear about it. Otherwise, check back here in a couple days for a list
of headsets and other stuff for sale.

--

Roger Long

Yes, it's a homeowner's catastrophic risk umbrella policy intended to
keep you from being wiped out by something that exceeds other
insurance you carry.

An AVEMCO $1M renters insurance policy, according to what they told me
today, is only a $333,333 per person policy if I fill all the seats in
my 172.

--

Roger Long

I appreciate that Dudley but, if I have to turn in the keys to the
plane I've worked so hard and gone through so much grief and political
ugliness to turn from a flying junk pile into a beautifully
functioning and reliable machine I'm going to have to just go away for
a while, bury myself in other things, and try not to think about
anything to do with aviation for a long time.

--

Roger Long



"Dudley Henriques" wrote in message
nk.net...
I'm really sorry to hear this Roger, and I hope that in the end
there's a way for you to solve it.
Every time I hear of something like this happening to one of today's
pilots, I thank God my actual flying days came to an end before the
onset of this mess that lawyers have made of general aviation. They
have all but killed it at this point for many of us out here.
Please think about not leaving the group. Perhaps something will
break in another direction for you, and hanging out here with your
friends might be the place to find out about it.
Dudley Henriques

I understand. Been there;done that.
We're here if, when, and always God willing, and the very best to you.
Dudley

"Roger Long" wrote in message
...
I appreciate that Dudley but, if I have to turn in the keys to the plane
I've worked so hard and gone through so much grief and political ugliness
to turn from a flying junk pile into a beautifully functioning and reliable
machine I'm going to have to just go away for a while, bury myself in other
things, and try not to think about anything to do with aviation for a long
time.

--

Roger Long



"Dudley Henriques" wrote in message
nk.net...
I'm really sorry to hear this Roger, and I hope that in the end there's a
way for you to solve it.
Every time I hear of something like this happening to one of today's
pilots, I thank God my actual flying days came to an end before the onset
of this mess that lawyers have made of general aviation. They have all
but killed it at this point for many of us out here.
Please think about not leaving the group. Perhaps something will break in
another direction for you, and hanging out here with your friends might
be the place to find out about it.
Dudley Henriques

Screw the insuranace. Do it anyway. No law (that I know of) that says
you have to have that much insurance anyway. Lots of us just carry
100k liability and put the savings into making the plane safer or more
instruction so we are better pilots. Life is too short to be controlled
by insurance......

At least that's my take.