On 02/10/2017 02:47 PM, Mark Langford via KRnet wrote: > Another reason not to carry full hull insurance is that if you ever DO > file a claim, you've just marked yourself as somebody who doesn't > hesitate to file a claim, and insurance companies immediately shy away > from such "risks". Your rates will almost certainly climb > significantly, and you may even become uninsurable!
There was another airplane that left its tie down spot by itself during some high winds and damaged the tail of my aircraft. My insurance covered it and my rates did not go up. Granted, this incident had nothing to do with me as a pilot, so things may be different if you are found at fault. If you do have an incident where your aircraft is declared a total loss with full hull coverage, you generally have the option to negotiate to keep what's left and take a reduced payoff. Insurance companies are like any other business, and can't stay in business if they continually tick off their customers. Use a quality insurance broker and your chances of running into the sleazeball companies is likely to be minimized. If you are concerned with being able to keep your airplane after a total loss, talk with them about it before buying the policy. -Dj -- Dj Merrill - N1JOV - EAA Chapter 87 Sportsman 2+2 Builder #7118 N421DJ - https://deej.net/sportsman/ Glastar Flyer N866RH - https://deej.net/glastar/ _______________________________________________ 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]
