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« on: May 25, 2006, 09:37:10 AM »
I just read my new insurance policy for my "other" airplane (a Grumman).
I live in Florida, and I now have a "hurricane exclusion". If I decide to relocate my plane, they'll pay me up to $500 if I provide receipts! ...Thanks, what a great deal! How very kind of you! ... Have they heard that hamburger flights are now $200 with gas prices where they are?
If I don't relocate the plane, and keep it in my new hangar (condo purchase built to a 135 mph wind code), the "not in motion" coverage is 5% of insured value ! WOW, they'll give me a big $3750 for a total loss (they keep the airplane, avionics and all) in exchange for my payment of $1400 for the policy ... Is anybody seeing a "deal" here? The way I read the policy, the reduced coverage is if I decide to keep the airplane at the primary airport I have listed on the policy ... now if I fly it ten miles away to another airport (to top off with cheaper gas to fly out of harm's way), find that I have a headache from the pressure drop and won't fly on antihistamines, tie the airplane down on the ramp and it is destroyed by the "named storm"; THEN I'm insured!!
BEWARE you Norhtener's, soon there will be no coverage from snow and ice causing the hangar to collapse. Of course in the Mid-West, no coverage for tornado damage. Definitely no coverage for you guys out West for earthquake damage. Rain damage in the Pacific Northwest? NO way!
I guess the easiest answer is: If a hurricane damages the airplane, climb into the wreckage, start the engine making sure there is a prop strike, and file a report that I was attempting to get to the runway for an intended flight! %^^$&^$(* this ticks me off!