Buy liability insurance then, set up an escrow account tagged KR airplane. Put
the extra money you was going to pay on insurance in that account and if you
crack it up you will probably be dollars ahead. The only problem is if you
damage someone's property.
From: Mark Langford via KRnet <[email protected]>
To: KRnet <[email protected]>
Cc: Mark Langford <[email protected]>
Sent: Friday, February 10, 2017 2:47 PM
Subject: Re: KR> insurance claim payouts
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!
Also, if you think like I do, if you ever tear your airplane up, you'd
much rather have all the left over parts to build another one than for
the insurance company to haul them all away so you get to start "from
scratch" to build your next one...
Mark Langford
[email protected]
http://www.n56ml.com
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