I am sure that some insurance companies do try to not pay under some conditions, but I have not experienced that with AIG. I had a Piper Clipper get destroyed by a microburst while it was not tied down and they paid no questions asked. I had a Piper Pacer ground looped by a friend and again they paid out no questions asked.
As far as not insuring, there are two sides to that. My first KR I got a high insurance quote for because I had little tailwheel time and no time in the KR yet. It was going to be considerably less once I got to 50 hours and I figured that any accident I could walk away from I would still have my engine and instruments and could find a low cost project and get back in the air cheap. What I did not count on was a crash and every bit of the plane being destroyed by the subsequent fire so I had no insurance yet. Took me over a year to afford another plane so I was cursing myself the whole time for not spending the money for insurance. I was also sweating the thought of the passenger sueing me, but I was fortunate that he was a good person. And in case anyone is wondering, AIG still insures me after one uninsured totaled plane and two insured totaled planes and I am paying rates that are right in line with others with no damage history. Brian Kraut 904-536-1780 [email protected] -------- Original Message -------- Subject: Re: KR> insurance claim payouts From: Jeff Scott via KRnet <[email protected]> Date: Fri, February 10, 2017 8:49 am To: [email protected] Cc: Jeff Scott <[email protected]> And just in case there is an doubt why people distrust insurance companies so much, please read Victor's email again. Wow. With 10 - 15 years of hull insurance on a KR, you have paid for the aircraft. So ask yourself if losing your KR is going create an unrecoverable financial hardship? If not, then you might question why you would pay for hull insurance. In 40+ years of aviation and 20 years flying the KR along with a bunch of other aircraft, I have never filed an aviation insurance claim. If something were to happen to my KR, then I would salvage what I could from the plane and build another plane. For those that are more concerned with something happening to their plane while it is parked, you can buy "Not In Motion" hull insurance. Not in Motion is significantly less expensive than "In Motion" hull insurance, and will cover your plane for damage due to weather, hangar falling in, etc. Pilots that park their planes outside in our area carry "Not in Motion" coverage as we tend to get large damaging hail regularly. But you have to read the policy closely to make sure your aircraft is fully covered as sometimes the hail damage is excluded. -Jeff Scott Los Alamos, NM _______________________________________________ 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]
