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#1
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Glider Insurance and Rental/Borrowed Ships
I recently received my glider insurance renewal and found that while
the premium didn't increase much, they eliminated two important areas of coverage. I'd like to hear people's comments. 1) Physical damage to non-owned aircraft - This covers you flying someone else's ship such as a rental airplane. As far as I was told the only recourse is to sign up for a complete year's worth of extra coverage. This would not be practicle simply to be able to rent a single place ship once a year in Minden. I foresee that this will adversely impact commercial operations unless they can supply pilot's with insurance on a daily basis (similar to the rental car industry). According to my agent this daily coverage doesn't exist and is unlikely to be available in the future as the underwriters want to review and approve the individual pilots, which can't happen the morning I show up to fly. 2) Lending my ship to another qualified pilot known as "Open Pilot" coverage - Last year I was able to loan my glider to a pilot who had the necessary number of hours flying 35:1 or better ships. Now I would need to have the other pilot named in my policy. Normally the other pilot will carry his own insurance, but if his policy is like mine, #1 above prevents this option. Thanks, John DeRosa |
#2
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Who do you have insurance with? I'm assuming you're in the US since you
mentioned Minden. "ContestID67" wrote in message oups.com... I recently received my glider insurance renewal and found that while the premium didn't increase much, they eliminated two important areas of coverage. I'd like to hear people's comments. 1) Physical damage to non-owned aircraft - This covers you flying someone else's ship such as a rental airplane. As far as I was told the only recourse is to sign up for a complete year's worth of extra coverage. This would not be practicle simply to be able to rent a single place ship once a year in Minden. I foresee that this will adversely impact commercial operations unless they can supply pilot's with insurance on a daily basis (similar to the rental car industry). According to my agent this daily coverage doesn't exist and is unlikely to be available in the future as the underwriters want to review and approve the individual pilots, which can't happen the morning I show up to fly. 2) Lending my ship to another qualified pilot known as "Open Pilot" coverage - Last year I was able to loan my glider to a pilot who had the necessary number of hours flying 35:1 or better ships. Now I would need to have the other pilot named in my policy. Normally the other pilot will carry his own insurance, but if his policy is like mine, #1 above prevents this option. Thanks, John DeRosa |
#3
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Did you have the Open Pilot coverage at no additional premium? I just
called Costello and was quoted an additional $150 per year(on top of roughly $750)for Guest Pilot coverage. Just curious. Mike Fadden ASW 15 |
#4
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#5
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Kevin Christner wrote:
I have Open Pilots coverage (any Private Pilot or better) for my LS1c and Jantar Std. 2. My cost per glider is 630 and 700 from Costello. I think I got the good deal because I am a CFIG. Might be worth upgrading your ticket. When I started my policy with Costello 3 years ago I asked about that and they said that, rate wise, the only thing that mattered was the commercial rating. Tony V. |
#6
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Beware that according to Costello, thic coverage is really for you. If you let another pilot fly your plane, they will fix it for you, then go after the other pilot to reclaim the loss. The other pilot needs to have his own coverage to be able to fly your ship. Correct. This is called subrogation. The borrowing/renting pilot really needs his own renters insurance to protect himself - see http://www.aopaia.com/index.cfm?parm1=Renters%20FAQ Tony V. |
#7
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I just renewed my insurance last month and I got it. There was some
additional charge, but this was only about $50 or so as I recall. We'll worth it. |
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