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Hail damage - loss of value?
My Beech Sundowner sustained some hail damage a few weeks ago. About
15 planes on the ramp (IJD) were hit. I have a fist sized hole in one wingtip and all the control surfaces are dimpled. There's a few on the wing tops and fuse top, but you really have to look in the right light to see them. Tail cone and stab tips also show light damage. What's a real shame is this plane didn't have a mark on it. Had been painted about 4 years ago and looked real sharp. But the reality is, aside from the wingtip, you don't notice the dimpling, I'd say most of it is light to moderate - perfectly airworthy. My A&P is doing up an estimate now and is guessing about 15K, which includes reskinning all the control surfaces. Insured hull value is 46K. So, if I were to turn around and try to sell this plane in the condition it's in, what kind of loss of value am I looking at? Lots of planes out there show some hail damage but never really thought what that impact on value would be. I know one of the insurance options is a "loss of value" check, with the understanding that the repairs won't be made. I also understand that this option is probably the least beneficial to me. So far the adjuster has been great, flew out and looked the plane over and said get an estimate, maybe 2. He says the best option for me would be to get it all fixed... but then it's all in the logs, so i still take somewhat of a hit. Will be interesting to see how this all plays out. |
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