The experience in the medical field is that the lawsuits fit the
assets. If you have 1 million coverage, they sue for 1 million. If
you have 10 million coverage, you get sued for 10 million. Many
physicians "go bare" with no insurance and put all their assets in a
trust or their wife's name...this was so successful that Kansas now
requires a physician to have insurance to get a license just to
protect the rights of the harmed to sue.
I salute those of you who fly eagle flights or similar activities.
Dan C
On Feb 4, 2008, at 11:26 PM, [EMAIL PROTECTED] wrote:
Al & Syd
Al: My kids are grown and were raised to be independent so they
have a very healthy disinterest in my estate. My wife is
independent as well but will receive my pension should I check out
first. She will also have our home. I’m told that these two
things are reasonably safe from litigious folks that might want to
take them away from her. I also have my Ercoupe in my name only
which I’m told helps as well. Would our attorney brothers kindly
respond if what I just said here is false?
I think it’s sad when folks are crippled with fear of possible
litigation to the point that they refuse to give children rides in
our flying machines.
Syd: Thanks for that information. I do fly eagle flights but I
thought that EAA picked up the insurance unconditionally. It
sounds like a good reason to keep what I have.
Cheers,
Bill
AJ DeMarzo wrote:
I knew a guy that made anyone who wanted to ride along sign a
waiver. Regardless of what you may think, one can't sign his
rights away and if you feel that dying in a fiery crash will get
you off the hook, it won't. Injured parties will sue your estate
and leave your wife and children in the poor house. That includes
the farmer who's corn you plow down and the county environmental
crew who have to clean the area up of all that super pollutant
avgas, oil, grease and ashes. Don't ask me about Young Eagles.
Hats off to those who do it. I admire you but I won't. Too much
to lose if something happens.
Reconsider your liability insurance, flying without it is foolish.
Hi Al,
To answer your Young Eagle question, if the pilot has $100,000/
seat liability insurance, EAA backs him/her up with $1,000,000
more. So far I've flown 802 Young Eagles, and I plan to fly plenty
more.
Syd
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