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#10
May 30th 04, 04:18 AM
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"Ben Jackson" wrote in message
news:44Ltc.12956$n_6.5876@attbi_s53... Their total cost is $policy_value-$salvage. As soon as $repair exceeds that, it's cheaper to total. Consider how much of an aircraft's value is This is why you should be careful to never insure your airplane for a hull value less than something with which you would be happy in the case of a declared total loss. Imagine if your airplane is worth $100,000 and you insure it for $75,000 and then suffer a $10,000 loss. They could total your airplane, pay you $75,000, fix the airplane, and sell it for $100,000. In the process you lose $25,000 plus your premiums; they gain $15,000 plus your premiums. -------------------- Richard Kaplan, CFII www.flyimc.com 
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