Very good thoughts... Thanks
Kim Blackseth
On Jan 20, 2010, at 5:38 PM, "Paul M. Anton" <[email protected]> wrote:
In my own case (as best as I can remember) My Coupe suffered an
engine fire and was totaled. When I found out it was up for bid I
called my adjustor and asked if I could bid on it. The insured value
was $18,000. I was told yes, and I offered $3,000 over the phone
which was immediately accepted. I had $15,000 to apply to my
replacement plane.
I had purchased another plane and I took my new radio, intercom, the
interior and anything else that was better than that which I had in
the replacement plane, and switched them.
The prop and engine went as a core for $1000.00 (they are still
flying today. ) The wings I set aside. The dual fork nose gear, wing
tanks and other desirable stuff went pretty quick. I don't remember
what I asked for them but I was pretty close to getting my $3000
back. The prop went for 600 if I remember correctly. I sold the
radios, instruments and a lot of little stuff. The rest of the hulk
went for enough to make up the difference between the 15 K I had
from the insurance company and the price of the new plane.
The wings I has set aside were completely gone through and
recovered. Once installed on the replacement plane I sold the wings
I had removed for enough to pay for all the materials used for the
recover.
When all was done I has a real nice O-200 equipped Coupe and I had
turned a disaster into a windfall.
The insurance company was AIG they did not raise my rates, they did
not try to avoid the claim and I still have them insuring my plane.
So Kim, with luck it might be possible for you to come out of this
looking good.
Good luck
Paul
N1431A
2AZ1
