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  #1  
Old 06-25-2016, 08:03 PM
TrickRacer50 TrickRacer50 is offline
 
Join Date: Feb 2015
Location: Vancouver, WA
Posts: 23
Default Insurance During Building?

Hi All!

Soon I will add some expensive parts to continue building my RV10. What is the best type of insurance to get to cover the cost of parts in case of fire, theft, or damage?

Van's website says homeowners insurance will not cover the parts. I still need to check on my personal policy.

What are others doing to protect their investment?
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RV-10: VS, Rudder, HS, Elevator, Tailcone - Complete

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  #2  
Old 06-25-2016, 08:09 PM
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majuro15 majuro15 is offline
 
Join Date: Feb 2013
Location: Charlotte, NC
Posts: 659
Default

I did a builders risk policy through USAA who I believe uses Starr Insurance. Do a search for builders risk, lots of info out here on VAF.
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  #3  
Old 06-25-2016, 08:10 PM
Vansconvert Vansconvert is offline
 
Join Date: Apr 2014
Location: Racine, WI
Posts: 194
Default Ground not in motion

I suggest you look into a policy called Ground Not In Motion. So, if it is in a hangar and the hangar blows over, you are covered. If your hangar catches on fire and as a result all the hangars catch on fire, your stuff is covered. Your hangar neighbors might be covered if you have liability insurance on top of that.

I could not get just ground in motion, my policy had to have the liability insurance as well, due to the example stated above, and similar scenarios.
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  #4  
Old 06-25-2016, 08:11 PM
Vansconvert Vansconvert is offline
 
Join Date: Apr 2014
Location: Racine, WI
Posts: 194
Default Ground not in motion

I suggest you look into a policy called Ground Not In Motion. So, if it is in a hangar and the hangar blows over, you are covered. If your hangar catches on fire and as a result all the hangars catch on fire, your stuff is covered. Your hangar neighbors might be covered if you have liability insurance on top of that.

I could not get just ground in motion, my policy had to have the liability insurance as well, due to the example stated above, and similar scenarios.
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  #5  
Old 06-25-2016, 09:00 PM
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DaleB DaleB is offline
 
Join Date: Sep 2012
Location: Omaha, NE (KMLE)
Posts: 2,247
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I called our friendly Arthur Gallagher people and got a builders insurance policy. Cost me about 250 bucks for a year. It covered all of my parts whether they were at my house, at a hangar, in a storage unit, or in transit.
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Omaha, NE
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  #6  
Old 06-25-2016, 09:13 PM
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DonFromTX DonFromTX is offline
 
Join Date: Oct 2010
Location: La Feria Texas
Posts: 3,822
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I have USAA on everything, when I spoke with them, they were very certain that any type of airplane parts or even tools, were NOT covered, and suggested I contact aircraft insurance companies for the "builders insurance" I was seeking.
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  #7  
Old 06-25-2016, 10:45 PM
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awmuhs awmuhs is offline
 
Join Date: Jun 2013
Location: Tucson, Az
Posts: 143
Default Gallagher Ins

Ditto on Gallagher for me
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Dues overpaid July 2020
RV12iS Southern Arizona Teen Aviation: #1 airplane sold, #2 airplane working on engine/finish kit, #3 airplane tail kit finished.
RV10 flying since July 2014- 700 hrs as of July 2020
RV6A sold after 500 hours of flying
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  #8  
Old 06-25-2016, 10:55 PM
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greghughespdx greghughespdx is offline
 
Join Date: Nov 2011
Location: Aurora, OR
Posts: 843
Default

Yeah, call Shanna Linton at Gallagher - advertiser here on VAF. She/they are great!
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Opinions, information and comments are my own unless stated otherwise. They do not necessarily represent the direction/opinions of my employer.

Building RV-8A since Sept 2014 (N88VX reserved)
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  #9  
Old 06-25-2016, 10:59 PM
TrickRacer50 TrickRacer50 is offline
 
Join Date: Feb 2015
Location: Vancouver, WA
Posts: 23
Default

Thanks!! I will check that out...I am building at home. I will also try the other search options.

Thanks!
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Sean Mecham
RV-10: VS, Rudder, HS, Elevator, Tailcone - Complete

Prepairing to Order Slow Build Fuselage

Vancouver, WA - Pearson Airport KVUO
Member of FATPNW
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  #10  
Old 06-27-2016, 06:04 AM
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majuro15 majuro15 is offline
 
Join Date: Feb 2013
Location: Charlotte, NC
Posts: 659
Default

Mine is actually insured by Global Aerospace. I still got it through USAA, just call them up. It shows up online under My USAA, so makes it pretty easy. You just name the value you want covered, pretty quick and simple. Very comprehensive.
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EAA #: 1106970
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