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Thanks!!
Jeff, thanks for taking the time to explain all of this to us.
Really appreciated. |
Jeff--I apologize...Not personally directed toward you, just expressing my (generally uninformed) opinion. I appreciate the fact that you did post and passed on an informed opinion and valid info. Insurance, overall, just never seems to add up to me. thx Tom
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Jeff,
A random question... What happens if a monster T-storm comes through Oshkosh one year and balls up or seriously hail damages 10,000 airframes in one 15 minute disaster? Are the underwriters sufficiently stable to handle $100,000,000 or more in claims? |
Chump change
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John Clark ATP, CFI FAA FAAST Team Member EAA Flight Advisor RV8 N18U "Sunshine" KSBA |
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The insurance industry pays out $100 Mil in many airline disasters. But it does cut in to their obscene profits for the year;) |
yeah, but what would the lead time be on vans kits after such an event.....be a moot point
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My dad and I had HUGE arguments about insurance when I was young and stupid. Clearly, I always lost. |
Yes...
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This happened to our house policy after the Northridge earthquake - 20 th Century Insurance dropped all house policies because their basket had become too localised in Southern California. We had no damage or claims. Insurance needs to be spread out over a very large pool. |
900 x 100
jeff
Any chance interest for a product like this could be put together? EAA has it for Young Eagles so some re guy is doing it now? Just a thought. In interest of full disclosure I was a broker in my working life. |
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