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01-06-2016, 07:59 PM
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Join Date: Mar 2009
Location: Pasadena, California
Posts: 214
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Single Place Aircraft RV-3 Insurance
I am wondering if owners of single place aircraft like RV-3 should carry liability insurance?
It seems to me single place owners' liability exposure is very limited. I mean, how bad can you hurt others when you don't carry them? Sure you can hit someone on the ground, but what is the chance of that happening?
Tell me why I am wrong. All comments are welcome. Thanks in advance.
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01-06-2016, 08:08 PM
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Join Date: Dec 2013
Location: SLC, UT (KBTF)
Posts: 240
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Imagine your airplane crashing into a Girl Scout meeting, or having a mid-air with a multi-place airplane.
Not a pretty picture.
Cheers, David
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01-06-2016, 08:12 PM
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Join Date: Mar 2005
Location: DVT Phoenix
Posts: 1,187
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Or taxi into another airplane or hanger or power line or anything you might not want to or cannot afford to pay for out of your own pocket??????
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01-06-2016, 08:15 PM
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Join Date: Dec 2014
Location: Somerville, Tn and Little Rock, Ar
Posts: 116
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Insurance
I agree with you. It's little and it's single seat. There's risk in everything we do.
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01-06-2016, 08:18 PM
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Join Date: Mar 2007
Location: Sonoma County
Posts: 3,821
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It's only about $300 per year..........
__________________
VAF #897 Warren Moretti
2019 =VAF= Dues PAID
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01-06-2016, 11:16 PM
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VAF Moderator / Line Boy
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Join Date: Jan 2005
Location: Dayton, NV
Posts: 12,256
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I agree - I hate the idea of paying insurance premiums....but it's getting so that most airports will require you to have it if you are going to keep your plane there. Some check, some don't.
__________________
Paul F. Dye
Editor at Large - KITPLANES Magazine
RV-8 - N188PD - "Valkyrie"
RV-6 (By Marriage) - N164MS - "Mikey"
RV-3B - N13PL - "Tsamsiyu"
A&P, EAA Tech Counselor/Flight Advisor
Dayton Valley Airpark (A34)
http://Ironflight.com
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01-07-2016, 04:52 AM
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Join Date: Apr 2010
Location: Clinton, Indiana
Posts: 996
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A little thread drift here
I was surprised by Jenny at Nationair regarding time in type required. Hard to get dual in one seat airplane. So, I was flying phase 1 to put hours on paper even though I had 800 hr tail wheel and several hundred singleseat. To my surprise, Jenny says good to do with a $300 annual premium. GO Figure
__________________
Larry DeCamp
RV-3B flying w/7:1 0320 / carb / Pmags / Catto 3b / digital steam
RV-4 fastback w/ Superior roller 360/AFP/G3X/CPI/Catto3b
Clinton, IN
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01-07-2016, 04:52 AM
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Join Date: Oct 2009
Location: Sydney, Aust.
Posts: 820
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There was a case not long back where a crop duster hit, but did not sever, a power line in NSW. He did the right thin and reported it to the power company. The idiot repairman, despite knowing the situation, made contact with the line that was dislodged from the poles and hanging a couple of feet off the ground and sued both the operator and owner of the aircraft.
Pretty unlikely? Certainly, but it happened. Times like that you'll be glad you have insurance...
__________________
Once you have tasted flight you will forever walk the earth with your eyes turned skywards, for there you have been and there you will long to return - Leonardo DaVinci
My Flickr gallery: http://www.flickr.com/photos/35521362@N06/
RV-9A - Finished on 10th February 2016 after 4 years, 9 months and 19 days! The 1020th RV-9 flying.
First flight 26th March 2016. Essential specs 145KTAS @ 2400RPM, 8000', 24.2LPH, Initial RoC 1800FPM.
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01-07-2016, 12:13 PM
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Join Date: Oct 2013
Location: Chesterfield, MO
Posts: 29
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We are brokers specifically for aviation insurance and would like to jump into this conversation. We see many liability claims and they can get messy; considering that not all liability claims occur from crashing into others? property. For example if you taxi into another aircraft, vehicle, taxiway light, along with the other examples in previous posts.
In the instance of the RV-3, I would like to mention that dual instruction is not required in this model specifically as it is a 1 seat aircraft. Most insurance companies require the pilot to get dual instruction in another tailwheel model Vans. This is something you should discuss with your broker.
Also, in regards to the RV-3, even though it is a 1 seat aircraft, you may want to evaluate whether or not you need passenger liability. I know this may sound strange but the reason is, if anyone beside you flies the aircraft they are technically considered a passenger and therefore could collect the passenger limit. However, if you are the only named pilot on the policy it is fine to carry liability that excludes passengers and save yourself a few bucks.
In most cases, a liability only policy for a Vans aircraft is only about $300 a year.
Feel free to call or email us if you have any questions. We are always happy to help!
Gallagher Aviation (formerly NationAir)
Jennifer Cummins (Jennifer_cummins@ajg.com)
Shanna Linton (Shanna_Linton@ajg.com)
Leah Ringeisen (Leah_ringeisen@ajg.com)
877-475-5860
__________________
Opinions and advice provided by Arthur J. Gallagher & Co. is not intended to be, and should not be construed to be, legal advice. Please direct any request for legal advice to your attorney.
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01-07-2016, 01:16 PM
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Join Date: Jan 2005
Location: SC
Posts: 12,887
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Imagine an engine failure, you dead stick into a farm field. All is good. Someone calls 911 and Fire, Sheriff, EMT's, the news media, you mom, and the wrecker drive across the field. The farmer is going to want to be paid for his damaged crop.
Get the insurance!
__________________
Bill R.
RV-9 (Yes, it's a dragon tail)
O-360 w/ dual P-mags
Build the plane you want, not the plane others want you to build!
SC86 - Easley, SC
www.repucci.com/bill/baf.html
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