Group...
I was hoping for some of your collective advice. Below is my
insurance company's response to my recently damaged 'coupe. Above
that is my response... I'd like some input from the group...
Kim Blackseth
Natsuno...
This is the whole point of my wanting to see the plane. While it
may be a total loss to you ($20K), it may take $30K (or something)
to fix it. If I know "about" what this number is, I can make the
determination to "take a policyholder’s release (policy limit –
salvage value = payable amount)" and add $10K of my money and fix it.
If it's unfixable (or some $50K to fix), it makes no sense for to
to consider "the policyholders release". I'll take your settlement
and buy a different plane. However, I can't make that decision
without having some kind of idea about condition or potential
repair costs.
I'd like some kind of realistic repair cost, even if those costs
exceed $20K. it will allow me to determine if keep the hull, add
some money to your settlement and repair it
Kim Blackseth, ICC, CASp
310 17th St
Oakland, CA
510-839-1760
On Jan 20, 2010, at 1:00 PM, Wolfe, Natsuno wrote:
Mr. Blacksmith:
I have made a phone call regarding the damage estimate – so far,
even without looking at the actual airplane, the prop strike
itself makes it a total loss based on the policy limit since a
prop strike means an engine teardown. Then once the teardown is
done, there may be a problem with the crankshaft, which means
additional repairs.
As Dennis advised you, it will take some time before I can send
someone to inspect the aircraft, but given the obvious, I don’t
see what the physical inspection will accomplish (except more
damage?). If this was a borderline total loss, then there is a
good chance we may be able to repair the aircraft.
Another option is to take a policyholder’s release – I can perhaps
offer to pay a sum (policy limit – salvage value = payable
amount), but you will have to sign the release. This means you
will be responsible for the repairs but you get to keep the
aircraft. If this is something you will consider, then once FAA
and NTSB release their control of your aircraft, you can remove
your aircraft. Any retrieval fees and hangar fees up to the point
are being paid by us.
Please let me know if you have any questions.
Natsuno Wolfe | Claims Representative, California Branch Office |
Chartis Aerospace |
Mail: P.O. Box 5550 | Alpharetta, GA 30022 |
777 S. Figueroa Street | 14th Floor | Los Angeles, CA 90017 |
Direct: 213.689.2735 | Fax: 866.690.8478 | Cell: 213.280.5293
| http://www.chartisinsurance.com
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Kim Blackseth, ICC, CASp
310 17th St
Oakland, CA
510-839-1760
