renter's insurance

It seems that a local guy will make me quite a good deal on renting his
little Cessna IF I supply my own renter's insurance.

I've no experience with this. Anyone have any pointers on where to go,
who to avoid and what it might cost?

"RM" wrote in message
om...
It seems that a local guy will make me quite a good deal on renting his
little Cessna IF I supply my own renter's insurance.

I've no experience with this. Anyone have any pointers on where to go,
who to avoid and what it might cost?

The FAA is quite specific about the requirements for rental aircraft. This
does not sound like a rental... I think what you need to do is become a
named insured on his policy and contribute to the cost of the policy.

Speaking of renter's insurance, has anyone had any luck in getting renter's
insurance that covers multi-engine aircraft?

I have a renter's insurance policy with Avemco that covers single engine, but
apparently they will not write policies on multi-engine aircraft for renters
(only owners).

I'd like to get coverage before I start renting to get my multi. I currently
have 500 hours, instrument, and commercial for single engine (if that matters).

It appears that the insurance companies are trying to take twins out of the air
(I recently heard that the minimums for giving dual on one local twin were 300
hours of dual given in a twin + some additional amount of twin time that I
can't recall). Pretty soon nobody will be able to give instruction in or rent
one...

Eric Bartsch

I"m not aware of anyone who writes insurance for renters in twins (or
sea ). You may want to look at the FBOs policy. If they don't
subgrogate you may decide you want to risk the lose of use and
deductable. Of course, you could always be sued personaly. However,
lawyers are usually looking for the easy money and the guy with the
most insurance is probably going to get teh biggest bill (especially
under JSL).

The number of hours the FBO requires before renting really has more do
to with how much they pay for their insurance. I know that a lot of
FBOs buy their insurance down to 10 hours of dual before solo or a
minimum number of twin time in something else with something like 5
hours of dual in type. An FBO that requires 300 hours of dual is
really saying they only have insurance for dual. For a lot of mom and
pop FBOs that's all they can afford. The sea plane industry hit that a
while back. There aren't too many places that you can rent a sea plane
solo.

-Robert


(Bartscher) wrote in message ...
Speaking of renter's insurance, has anyone had any luck in getting renter's
insurance that covers multi-engine aircraft?

I have a renter's insurance policy with Avemco that covers single engine, but
apparently they will not write policies on multi-engine aircraft for renters
(only owners).

I'd like to get coverage before I start renting to get my multi. I currently
have 500 hours, instrument, and commercial for single engine (if that matters).

It appears that the insurance companies are trying to take twins out of the air
(I recently heard that the minimums for giving dual on one local twin were 300
hours of dual given in a twin + some additional amount of twin time that I
can't recall). Pretty soon nobody will be able to give instruction in or rent
one...

Eric Bartsch

In article ,
RM wrote:
It seems that a local guy will make me quite a good deal on renting his
little Cessna IF I supply my own renter's insurance.

If he's willing, you might be better off adding yourself as a "named
insured" on HIS insurance and splitting the cost somehow.

Otherwise look at AOPA for example for renters insurance.

--
Ben Jackson

http://www.ben.com/

On 25 Apr 2004 16:13:09 -0700, (RM) wrote:

It seems that a local guy will make me quite a good deal on renting his
little Cessna IF I supply my own renter's insurance.

I've no experience with this. Anyone have any pointers on where to go,
who to avoid and what it might cost?

Assuming you have a private pilot cert, your best bet is probably
AOPA.

Hull insurance is fairly pricey, so a lot depends on how much of that
you carry. I pay a bit less than $600 a year for $20K hull insurance
and $1 million liability ($100,000 per pax). The former is the
smallest I could buy, and the latter is the largest I could buy.

all the best -- Dan Ford
email: (put Cubdriver in subject line)

The Warbird's Forum www.warbirdforum.com
The Piper Cub Forum www.pipercubforum.com
Viva Bush! blog www.vivabush.org

(RM) wrote in message . com...
It seems that a local guy will make me quite a good deal on renting his
little Cessna IF I supply my own renter's insurance.

I've no experience with this. Anyone have any pointers on where to go,
who to avoid and what it might cost?


This is more of a borrower's situation than a renters. Luckily renters
insurance does cover borrower's. However, there will be a large hole
in the policy. The renter's (borrower's) insurance will not cover
anything unless you can prove it was a result of pilot error. The
owner's policy will not cover anything if a pilot was flying it that
was not named or met the requirements of the open pilot. So if you
land and the wheel comes off and you spin into a ditch, there is no
insurance. The Renter's policy will say its not your fault the wheel
came off, the owner's policy will say a non-named pilot was flying.
You two would end up paying yourselves. Having said that, the deal
could still work. you could offer to pay the difference to get
yourself named on the policy, or you could get the renter's insurance
and "self insure" the rest. You will have liability yourself under the
renter's policy.

-Robert

You will have liability yourself under the
renter's policy.

All your buddy has to do is sue you (that's not difficult or
expensive, at least not in New Hampshire). Surely the jury would find
you liable. Then your insurance company would have to pay.

all the best -- Dan Ford
email: (put Cubdriver in subject line)

The Warbird's Forum www.warbirdforum.com
The Piper Cub Forum www.pipercubforum.com
Viva Bush! blog www.vivabush.org

Cub Driver wrote in message . ..
You will have liability yourself under the
renter's policy.

All your buddy has to do is sue you (that's not difficult or
expensive, at least not in New Hampshire). Surely the jury would find
you liable. Then your insurance company would have to pay.

Here in California its not unusual for one spouse to sue the other in
order to unlock the homeowner's insurance. If you trip and fall in
your own home and want to get your medical covered you can't do that
as the home owner but you can sue your spouse (who probably has Joint
Tenancy (in California a spouse actually has something slightly
different than JT but very similar)).

-Robert

Cub Driver wrote
All your buddy has to do is sue you (that's not difficult or
expensive, at least not in New Hampshire). Surely the jury would find
you liable. Then your insurance company would have to pay.

Actually, the insurance company would likely defend the suit. What's
more, you would have to cooperate with the defense. Anything less
than full cooperation would void the policy.

Michael