Renter Insurance

On Wed, 13 Jul 2005 17:53:54 -0700, "Aluckyguess"
wrote:

I believe you could of got out of paying any money with a good lawyer. I
could be wrong, but I dont think so.

First, I didn't pay anything, nor did the instructor. His insurance
company did.

Second, have you priced a good lawyer lately? Insurance is cheaper!


-- all the best, Dan Ford

email (put Cubdriver in subject line)

Warbird's Forum: www.warbirdforum.com
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the blog: www.danford.net
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Hate to burst your bubble .. but if you bust an airplane due to negligence
the insurance company will be expecting you to reimburse them for any
claims they paid on it. (Subrogration)


"Aluckyguess" wrote in message
...
You really dont need the renters insurance. The most you would probably
have to pay is 1000.00 if you smashed it up.
Unless the renters are requiring it.
"W P Dixon" wrote in message
...
Ok Gang!
Who has the best rates for renter's insurance? I need 25,000 hull
liability, and pretty much basic injury and such. And a second question,
do any aircraft insurance companies allow payments like car insurance
companies do? Avemco's rate is $390/year, which is not bad, but they want
it all up front...which means I could not use the insurance because I
couldn't afford to fly for a few months! Kinda defeats the purpose
doesn't it!!?

Patrick
student SPL
aircraft structural mech


--
Patrick Dixon
student SPL
aircraft structural mech

"OtisWinslow" wrote:
Hate to burst your bubble .. but if you bust an airplane due to
negligence
the insurance company will be expecting you to reimburse them for
any
claims they paid on it. (Subrogration)


Has that ever happened in the case where an uninsured renter pilot
with no money (orig poster) will be sued? Why would they incur legal
fees to do that? It also seems stupid from a business standpoint to
spread bad "word of mouth," by hassling a pilot who'll tell other
pilots/owners which insurance company to avoid like a plague.

Fred F.

"TaxSrv" wrote in message

Has that ever happened in the case where an uninsured renter pilot
with no money (orig poster) will be sued?

Being low on cash is not the same as having zero assets or zero net worth
and no anticipated future cashflow source.

It is hard to imagine someone with no cash, no net worth, no assets, no job,
and no future career plans taking flying lessons.

--------------------
Richard Kaplan

www.flyimc.com

"Richard Kaplan" wrote:
Has that ever happened in the case where an uninsured renter pilot
with no money (orig poster) will be sued?

Being low on cash is not the same as having zero assets or zero net
worth
and no anticipated future cashflow source.

Agree there, but if someone does $5,000 damage to an airframe, that
amount won't go far at all to pursue it to see if collection is even
practically possible, much less establish the facts of the case. Can
you answer my question about the ins co's business sense, for a mere
$5K minus costs, spreading such ill will in the pilot community over
the matter?

Fred F.

IMAGINE Richard IMAGINE!

Patrick
student SPL
aircraft structural mech

"Richard Kaplan" wrote in message
news:1121267987.c1a2540e23fcd39a48afa82ed612d447@t eranews...


"TaxSrv" wrote in message

Has that ever happened in the case where an uninsured renter pilot
with no money (orig poster) will be sued?

Being low on cash is not the same as having zero assets or zero net worth
and no anticipated future cashflow source.

It is hard to imagine someone with no cash, no net worth, no assets, no
job, and no future career plans taking flying lessons.

--------------------
Richard Kaplan

www.flyimc.com

On Wed, 13 Jul 2005 10:07:03 -0400, "TaxSrv"
wrote:

Has that ever happened in the case where an uninsured renter pilot
with no money (orig poster) will be sued? Why would they incur legal
fees to do that? It also seems stupid from a business standpoint to
spread bad "word of mouth," by hassling a pilot who'll tell other
pilots/owners which insurance company to avoid like a plague.

If you have no resources, then you can safely go without insurance--if
the FBO will permit. (Mine won't.) The same is true of course of
medical and automobile insurance, which is why a lot of states have
mandatory insurance, thus doubling the cost for everyone.

Then the question arises as to whether your integrity is so low that
you would put other people in hazard of catastrophic loss because you
fly or drive uninsured.

It's feasiable, but it ain't admirable.



-- all the best, Dan Ford

email (put Cubdriver in subject line)

Warbird's Forum: www.warbirdforum.com
Piper Cub Forum: www.pipercubforum.com
the blog: www.danford.net
In Search of Lost Time: www.readingproust.com

Cub Driver wrote:
Then the question arises as to whether your integrity is so low that
you would put other people in hazard of catastrophic loss because you
fly or drive uninsured.

It's feasiable, but it ain't admirable.


That is a function of where you live. Here in North Carolina, I've never had a
FBO ask me if I had insurance or to buy insurance. The subject never comes up.
I don't know anybody that they've (the FBO) asked. I've rented extensively in
South Carolina and I've rented in Florida as well; the subject never comes up.

I resent your implication that this is in some way dishonorable.

I don't carry malpractice insurance either... nor do the majority of nurses I
know. We're covered by the hospital's insurance. Or the FBO's insurance in the
case of flying... less a deductible, of course.



--
Mortimer Schnerd, RN

VE

TaxSrv wrote:
"OtisWinslow" wrote:
Hate to burst your bubble .. but if you bust an airplane due to negligence
the insurance company will be expecting you to reimburse them for any
claims they paid on it. (Subrogration)

Has that ever happened in the case where an uninsured renter pilot
with no money (orig poster) will be sued? Why would they incur legal
fees to do that? It also seems stupid from a business standpoint to
spread bad "word of mouth," by hassling a pilot who'll tell other
pilots/owners which insurance company to avoid like a plague.


I dinged a C-210 back in the early 1980s and was told at the time that I should
expect to hear from the FBO's insurance company as they would try to subrogate
their money out of me. Back in those days I didn't have a pot to **** in. I
owned no real estate and I drove a 1969 Fury I.

As it turned out, nothing happened on any front. No FAA ding, no insurance
problems. They apparently decided to cut their losses as I had nothing they
wanted. What they did want I didn't have. So sad, too bad.



--
Mortimer Schnerd, RN

VE

On Wed, 13 Jul 2005 10:07:03 -0400, "TaxSrv"
wrote:

"OtisWinslow" wrote:
Hate to burst your bubble .. but if you bust an airplane due to
negligence
the insurance company will be expecting you to reimburse them for
any
claims they paid on it. (Subrogration)


Has that ever happened in the case where an uninsured renter pilot
with no money (orig poster) will be sued? Why would they incur legal
fees to do that? It also seems stupid from a business standpoint to
spread bad "word of mouth," by hassling a pilot who'll tell other
pilots/owners which insurance company to avoid like a plague.

Fred F.


Ah, I think you may be forgetting that the insurance company has
lawyers on staff or on retainer. There is no extra cost involved
for them to pursue a law suit. As for "bad word of mouth" they
couldn't care less... all insurance companies have the same policy,
namely, recover costs and minimize losses in their quarterly report.

Ron