Wayne - To properly answer your questions would take a law book's worth of prose.
However, you are BASICALLY right in your understanding of smooth vs. sublimit coverage. However, there is one thing you left out - that is whether the sublimit is "per person" or "per passenger". Various companies write each way. Per person means the sublimit is applicable to any person, inside or outside of the airplane. Per passenger means the sublimit is applicable to only those persons inside the airplane, not outside of it (like in a mid air collision, where you may kill another plane load of people). If the sublimit is "per passenger" you have the full occurrence limit available to satisfy claims of those outside of your airplane. This is what I meant in my earlier post about dealing with an agent who really knows what he/she is talking about, who freely takes the time to explain to you what you're buying, and not buying, in any policy under consideration. The ways to do a million in damage to people outside an airplane, and these certainly aren't the only ways: 1. Cause a mid-air, 2. Dump your plane into a school or office building, 3. Fool around with auto gas fueling from cans and cause a hangar fire, 4. Taxi into a fuel pump and blow up the airport, 5. Taxi into an expensive airplane like a G-IV, 6. Dump it into any commercial building, 7. Etc., etc. These are a few of the types of cases I've handled in my career. Jerry E. -----Original Message----- From: [email protected] [mailto:[EMAIL PROTECTED] Behalf Of [EMAIL PROTECTED] Sent: Saturday, February 02, 2008 7:22 PM To: [EMAIL PROTECTED]; [EMAIL PROTECTED] Cc: [email protected] Subject: Re: [ercoupe-tech] INSURANCE - Smooth vs Sublimit policy 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." ---------------------------------------------------------------------------- -- Who's never won? Biggest Grammy Award surprises of all time on AOL Music.
