I just renewed my insurance through Falcon Insurance. The underwriter is Global Aerospace. Single limit Bodily Injury and Property damage liability including passengers: $1,000,000 each occurrence. Medical Expense, including crew: $10,000 each person $32,000 hull in motion and not in motion, with no deductible This is $1,000,000 "smooth" coverage, not a sublimit policy. Premium is $962. If you are shopping for insurance, you might want to make sure you understand the difference between "smooth" coverage and a sublimit policy. As I understand it, if your policy is a $1,000,000 policy and says $100,000 each person, and you kill a passenger, your policy is only going to cover $100,000 of the amount you get sued for in regard to that pax. If you have a $1,000,000 policy with a sublimit of $100,000 per person, then you'd have to kill or injure 10 people, or do $1,000,000 worth of property damage before the policy pays out $1,000,000. I'm no expert on insurance, but that's how it was explained to me. I've never been able to figure out what you could hit with an Ercoupe that would do $1,000,000 worth of property damage, other than maybe a row of Lear jets. I've also never been able to figure out how you could be found liable for killing a pax and only get sued for $100,000. Maybe an expert on insurance can comment and tell me if what I'm thinking is correct or not. Best Regards,
Wayne DelRossi Alon N5618F Hours logged since restoration: 362.0 "Nobody has ever scientifically proven that life is supposed to be serious." **************Biggest Grammy Award surprises of all time on AOL Music. (http://music.aol.com/grammys/pictures/never-won-a-grammy?NCID=aolcmp003000000025 48)
