I believe my policies are agreed value just like I have on our boat but now that you bring it up I should give them a call and verify.
Thanks, Dan -----Original Message----- From: KRnet [mailto:[email protected]] On Behalf Of Larry Flesner via KRnet Sent: Wednesday, February 08, 2017 6:01 PM To: KRnet Cc: Larry Flesner Subject: Re: KR> Insurance for a KR-2 At 12:52 PM 2/8/2017, you wrote: >Keep shopping around. I have insured mine with 3 different underwriters >over the years, for $17000 hull value, and paid between >$900 & $1400 a year total for hull and liability. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++++++++++++++++++++++++++++++ Ask your underwriter what they will pay if the aircraft is "totaled". I read years ago that they pay based on aircraft value, not on the insured amount. Given that, I don't recall ever seeing a KR sell for $17,000, even the very nice ones with 0-200 engines. A nice KR with a VW engine, if you can find a buyer, is probably in the $10,000 to $12,000 range. You may be over insuring and paying more than necessary. I insure for liability only for $325 per year, given my commercial license, 1500+ total time, and 600+ tail wheel time. Given my age, 72, and the 13 years I took to build my KR, if I total mine I could have another one flying by age 85. :-) Live to you comfort level.......... Larry Flesner _______________________________________________ Search the KRnet Archives at https://www.mail-archive.com/[email protected]/. Please see LIST RULES and KRnet info at http://www.krnet.org/info.html. see http://list.krnet.org/mailman/listinfo/krnet_list.krnet.org to change options. To UNsubscribe from KRnet, send a message to [email protected] --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus _______________________________________________ Search the KRnet Archives at https://www.mail-archive.com/[email protected]/. Please see LIST RULES and KRnet info at http://www.krnet.org/info.html. see http://list.krnet.org/mailman/listinfo/krnet_list.krnet.org to change options. To UNsubscribe from KRnet, send a message to [email protected]
