Comparing aircraft rentals and training costs.

On 05/10/07 09:49, Vishvas Vasuki wrote:

Also, how much time might I need to spend reading books to pass the
examination?

Sincerely,
Vishvas Vasuki

Fuel Figure $4/gallon and 8Gal/hr. Total of $32/hour for fuel about $30/hr
for and Instructor. It looks like if you figure $100/hr for the university
flight option you would be real close. The flying club you mention hase an
expensive instructor, IMHO. I would say that option #1 is the less
expensive of the two...

Thanks! Based on the figures you quoted, I did the math, and I agree that
the university club is a better investment. Even if I factor in membership
fees for six months and the initiation fee at the university club, the
hourly cost at the two clubs seem to be $105 and $129 respectively. It
seems to come from the difference in the rental costs and the instructor
costs.

-Vishvas



Does either option provide any insurance for you?

If you are a part owner in the plane, make sure you are listed as a
'named insured' on the insurance policy (or that the policy includes
a 'no subrogation' clause). This will help prevent the insurance company
from coming after you in the event they pay the club for a claim.

Will you be responsible for any deductibles in either case?



--
Mark Hansen, PP-ASEL, Instrument Airplane, USUA Ultralight Pilot
Cal Aggie Flying Farmers
Sacramento, CA

Hi,

Does either option provide any insurance for you?

If you are a part owner in the plane, make sure you are listed as a
'named insured' on the insurance policy (or that the policy includes a
'no subrogation' clause). This will help prevent the insurance company
from coming after you in the event they pay the club for a claim.

Will you be responsible for any deductibles in either case?

Thanks for the insurance warnings. I will check them out.

The university club web-page says, "As a member of the CFC, you
will become an equal owner of our aircraft. All aircraft are maintained to
the highest standards and we carry excellent insurance." But the
university club's constitution has this to say:

"Section B - Financial Responsibility

1. A flying member operating a Club airplane shall be totally responsible
for any damage occurring while the airplane is in his/her custody.

2. A flying member's responsibility shall begin when the airplane is
untied or accepted from another member, and continued until it is tied
down or turned over to another member.

3. If damage should result from a mechanical defect or other factor beyond
the control of the member concerned, the flying members may elect, by
majority vote, to share or absorb completely the resulting cost, depending
on the circumstances of the individual case."

But I have not yet found insurance information at the other flying school
(Northampton Airport) online.

Sincerely,
Vishvas

Recently, Vishvas Vasuki posted:

Hi,

Does either option provide any insurance for you?

If you are a part owner in the plane, make sure you are listed as a
'named insured' on the insurance policy (or that the policy includes
a 'no subrogation' clause). This will help prevent the insurance
company from coming after you in the event they pay the club for a
claim.

Will you be responsible for any deductibles in either case?

Thanks for the insurance warnings. I will check them out.

The university club web-page says, "As a member of the CFC, you
will become an equal owner of our aircraft. All aircraft are
maintained to the highest standards and we carry excellent
insurance." But the university club's constitution has this to say:

"Section B - Financial Responsibility

1. A flying member operating a Club airplane shall be totally
responsible for any damage occurring while the airplane is in his/her
custody.

2. A flying member's responsibility shall begin when the airplane is
untied or accepted from another member, and continued until it is tied
down or turned over to another member.

3. If damage should result from a mechanical defect or other factor
beyond the control of the member concerned, the flying members may
elect, by majority vote, to share or absorb completely the resulting
cost, depending on the circumstances of the individual case."

I'm hard pressed to see any advantage to this insurance coverage, and
would consider it a requirement to carry your own insurance. Factor in
that, and the costs come closer to or exceed that of the other flying
school, depending on the number of hours that you fly.

But I have not yet found insurance information at the other flying
school (Northampton Airport) online.

That may be an important difference. If their coverage is no better than
the university's, that will also imply that you obtain your own insurance.

Regards,

Neil

On 05/10/07 21:23, Vishvas Vasuki wrote:
Hi,

Does either option provide any insurance for you?

If you are a part owner in the plane, make sure you are listed as a
'named insured' on the insurance policy (or that the policy includes a
'no subrogation' clause). This will help prevent the insurance company
from coming after you in the event they pay the club for a claim.

Will you be responsible for any deductibles in either case?

Thanks for the insurance warnings. I will check them out.

The university club web-page says, "As a member of the CFC, you
will become an equal owner of our aircraft. All aircraft are maintained to
the highest standards and we carry excellent insurance." But the
university club's constitution has this to say:

"Section B - Financial Responsibility

1. A flying member operating a Club airplane shall be totally responsible
for any damage occurring while the airplane is in his/her custody.

2. A flying member's responsibility shall begin when the airplane is
untied or accepted from another member, and continued until it is tied
down or turned over to another member.

3. If damage should result from a mechanical defect or other factor beyond
the control of the member concerned, the flying members may elect, by
majority vote, to share or absorb completely the resulting cost, depending
on the circumstances of the individual case."

Well, this certainly makes it sound like the club's insurance policy does
not cover you. You may want to consider getting your own insurance. Just
beware that the cost of hull coverage for renter pilots is not cheap.

Also, if the club tells you that their insurance will cover the airplane,
and they will only need you to cover the deductible, keep in mind that
the club's insurance company can still come after you for the full amount
of the claim, unless the policy has a no subrogation or similar clause.

The main driving force behind joining the club I did was that they include
each member as a 'named insured' on the policy, so the insurance company
can't come after us for recovery. The club even covers the deductible.
When I weighed the $20/month club dues against what it would cost me to
carry that much renter's insurance, it was a no-brainer.


But I have not yet found insurance information at the other flying school
(Northampton Airport) online.

Sincerely,
Vishvas




--
Mark Hansen, PP-ASEL, Instrument Airplane, USUA Ultralight Pilot
Cal Aggie Flying Farmers
Sacramento, CA

Does either option provide any insurance for you?

If you are a part owner in the plane, make sure you are listed as a
'named insured' on the insurance policy (or that the policy includes
a 'no subrogation' clause). This will help prevent the insurance company
from coming after you in the event they pay the club for a claim.

Will you be responsible for any deductibles in either case?

More importantly IMHO
If someone fries the engine tomorrow, are you on the hook for a share to
buy a new one?

What is your share of the deductible if someone writes it off?

Is there an account that saves toward major items like engine rebuild?

Owning part of the plane can be good - because you have an asset that
you can sell - but make sure you understand all of your assumed
liabilities.

I hope that this helps,

Welcome to the world of flight!

Tony
--

Tony Roberts
PP-ASEL
VFR OTT
Night
Cessna 172H C-GICE