Blanik hull insurance

If your grounded Blanik is insured for storage only, and a tree falls on it,
what kind of value would the insurance company use?
Would it be the market value pre grounding or the current scrap value?

On Monday, February 25, 2013 11:17:15 AM UTC-6, Bob McKellar wrote:
If your grounded Blanik is insured for storage only, and a tree falls on it, what kind of value would the insurance company use? Would it be the market value pre grounding or the current scrap value?

they would probably pay whatever the insured value is

Start chopping.

On Monday, February 25, 2013 11:17:15 AM UTC-6, Bob McKellar wrote:
If your grounded Blanik is insured for storage only, and a tree falls on it,
what kind of value would the insurance company use? Would it be the market
value pre grounding or the current scrap value?

Is this a trick question, like "If a tree fell on a mime, would anyone care?"

"Steve Leonard" wrote in message
...

Is this a trick question, like "If a tree fell on a mime, would anyone
care?"

Of course we would care. A mime is a terrible thing to waste.

P7 unit

"Steve Leonard" wrote in message
...

On Monday, February 25, 2013 11:17:15 AM UTC-6, Bob McKellar wrote:
If your grounded Blanik is insured for storage only, and a tree falls on
it,
what kind of value would the insurance company use? Would it be the market
value pre grounding or the current scrap value?

Is this a trick question, like "If a tree fell on a mime, would anyone
care?"

No, it's a real question, although the only Blanik I see regularly IS parked
next to a tree line...
It has just dawned on me that the annual hull (non flying) insurance premium
on an old Blanik is about the same as the actual current market value
The stated value in the policy is based on ancient history and is a
significant hunk of money.
I would think the insurance companies would be getting a mite nervous, give
the low price of chainsaws these days.

Bob

On Mon, 25 Feb 2013 09:40:53 -0800 (PST), Tony
wrote:

On Monday, February 25, 2013 11:17:15 AM UTC-6, Bob McKellar wrote:
If your grounded Blanik is insured for storage only, and a tree falls on it, what kind of value would the insurance company use? Would it be the market value pre grounding or the current scrap value?

they would probably pay whatever the insured value is

Might want to ask a lawyer about that.

On 2/25/2013 9:40 AM, Tony wrote:
On Monday, February 25, 2013 11:17:15 AM UTC-6, Bob McKellar wrote:
If your grounded Blanik is insured for storage only, and a tree
falls on it, what kind of value would the insurance company use?
Would it be the market value pre grounding or the current scrap
value?

they would probably pay whatever the insured value is

Their usual options are repairing it, replacing it, or giving you money.
They tend to pick the cheapest option. If it's insured for a high value,
they would probably replace it with one just like it, which they can
probably buy very cheaply.

Typically, you should insure it for the replacement cost.

--
Eric Greenwell - Washington State, USA (change ".netto" to ".us" to
email me)

On Monday, February 25, 2013 4:15:43 PM UTC-6, Bob McKellar wrote:
No, it's a real question, although the only Blanik I see regularly IS parked next to a tree line... It has just dawned on me that the annual hull (non flying) insurance premium on an old Blanik is about the same as the actual current market value The stated value in the policy is based on ancient history and is a significant hunk of money. I would think the insurance companies would be getting a mite nervous, give the low price of chainsaws these days. Bob

I figured it was a real question, Bob. Honestly, the contract with the insurance company is for a set price, on the plane that is being insured. Whether the airplane is airworthy, or not. Talk to your insurance copmany if you want to know all about "how it works".

The only reason you would need to talk to a lawyer, Ralph, is if you are the one who cut down the tree that fell on the Blanik. :-)

And for P7, what if I replace "mime" with "politician"?

Steve
ZS
VJS

What you are suggesting is called "insurance fraud." If you are going to try it, my first piece of advice is, don't write about it on an open forum. Hard disks can be subpoenaed too.

John Cochrane