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Peter R. wrote in message ...
Frederick Wilson wrote: As a renter of the local FBO 172, should I obtain personal renter insurance? Yes. The FBO's insurance policy protect them, not you. It is possible that the insurance company, after paying the claim, will come after you for money they spent repairing any damage. Although is about as likely as being hit by lightening. My broker has been insuring FBOs for 30 years and has never had this happen with any of his clients. What are the pro's and con's? I can't think of any cons. Like any policy, the pros are that you will sleep better and fly with less distractions. ![]() Just like any decision you must do a cost/benefit analysis. Certainly, it is not worth the premium for some students. If your FBO has full hull and you have limited assets, what are you trying to protect with a renter's policy??? Where would one get such coverage? When I rented, I purchased a good policy from Avemco. I believe I paid about $350 for the year. Prices will be different depending on the varying values of liability and hull value of the aircraft. It is a very rare case where you will need to insure the hull value of the aircraft. You are usually looking at what the insurance does not cover. Things like deductable, lose of use, etc. Check the FBOs policy to see what part of the hull they do not cover. If the FBO is stupid enough to not buy hull and mistaken enough to think that having renters buy renters insurance to replace the airplane, they will eventuall lose their shirts anyway. |
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Robert M. Gary ) wrote:
If your FBO has full hull and you have limited assets, what are you trying to protect with a renter's policy??? Future earnings? -- Peter ----== Posted via Newsfeed.Com - Unlimited-Uncensored-Secure Usenet News==---- http://www.newsfeed.com The #1 Newsgroup Service in the World! 100,000 Newsgroups ---= 19 East/West-Coast Specialized Servers - Total Privacy via Encryption =--- |
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"Peter R." wrote in message
... Robert M. Gary ) wrote: If your FBO has full hull and you have limited assets, what are you trying to protect with a renter's policy??? Future earnings? Yea for the next 7 to 10 years! -- Peter ----== Posted via Newsfeed.Com - Unlimited-Uncensored-Secure Usenet News==---- http://www.newsfeed.com The #1 Newsgroup Service in the World! 100,000 Newsgroups ---= 19 East/West-Coast Specialized Servers - Total Privacy via Encryption =--- |
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Peter R. wrote in message ...
Robert M. Gary ) wrote: If your FBO has full hull and you have limited assets, what are you trying to protect with a renter's policy??? Future earnings? In accounting we call those "assets". |
#5
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Robert M. Gary ) wrote:
Peter R. wrote in message Robert M. Gary ) wrote: If your FBO has full hull and you have limited assets, what are you trying to protect with a renter's policy??? Future earnings? In accounting we call those "assets". I believe they call them assets in legal circles, too! -- Peter ----== Posted via Newsfeed.Com - Unlimited-Uncensored-Secure Usenet News==---- http://www.newsfeed.com The #1 Newsgroup Service in the World! 100,000 Newsgroups ---= 19 East/West-Coast Specialized Servers - Total Privacy via Encryption =--- |
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