Glider Insurance?

On Monday, July 20, 2020 at 4:14:20 PM UTC-4, wrote:
Hull insurance is only required if you have a loan on the Glider. I limit the value of the glider I own to $40K and self-insure for the value of the ship. I only carry Liability Insurance on the ship, $293.00 this year from Costello. I also self-insure for the value of my cars and carry Liability only insurance on them. After Hartford Insurance Compony canceled our Home Owners Insurance because of all the wild fires in California, I self-insured for a while until State Farm decided to insure our place that is one mile from the local fire department and we have a fire hydrant on the property!
Hope this helps,
JJ

Does that $293 include coverage of your glider in case of storm damage, road accident, hangar fire, etc, or do you self-insure for that too?

Liability only.............what you may do to others while operating your Glider!
I strive to drive safe and fly safe, and I’m willing to take a hit, if necessary!
Full coverage on a 40K Glider is around $2500/yr..........say 5 years of safe operation with liability only and you’ll have 10K of your money to deal with a loss! No loss and you keep the dough! That means 100K of portfolio is dividends on my no hull insurance policy!
I have operated like this for most of the last 50 years..........I’m too cheap to pay big insurance bills, year after year! A 40K Glider will do everything I want and need.
JJ

On Monday, July 20, 2020 at 6:31:09 PM UTC-6, wrote:
Liability only.............what you may do to others while operating your Glider!
I strive to drive safe and fly safe, and I’m willing to take a hit, if necessary!
Full coverage on a 40K Glider is around $2500/yr..........say 5 years of safe operation with liability only and you’ll have 10K of your money to deal with a loss! No loss and you keep the dough! That means 100K of portfolio is dividends on my no hull insurance policy!
I have operated like this for most of the last 50 years..........I’m too cheap to pay big insurance bills, year after year! A 40K Glider will do everything I want and need.
JJ

Right! Flying a good “cheap" glider is extra-satisfying: no loan payment, no need for hull coverage, less anxiety about breaking something, better bang-for-the-buck compared to the expensive rides. Same with cars and lots of things.

On Monday, July 20, 2020 at 8:31:09 PM UTC-4, wrote:
Liability only.............what you may do to others while operating your Glider!
I strive to drive safe and fly safe, and I’m willing to take a hit, if necessary!
Full coverage on a 40K Glider is around $2500/yr..........say 5 years of safe operation with liability only and you’ll have 10K of your money to deal with a loss! No loss and you keep the dough! That means 100K of portfolio is dividends on my no hull insurance policy!
I have operated like this for most of the last 50 years..........I’m too cheap to pay big insurance bills, year after year! A 40K Glider will do everything I want and need.
JJ

Best advice I've heard - thanks!