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  #11  
Old 04-12-2019, 02:33 AM
DeeCee 57's Avatar
DeeCee 57 DeeCee 57 is offline
 
Join Date: Sep 2018
Location: LSZF
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Default

here we go...
Retired Airbus Flight Manager, I agree that the thousands of hours spent watching George (or whatever name you give to that A/P) don't compare to flying a light single tailwheeler. The advantage those hours bring are being at ease in the flying environment, radio, procedures, and maybe some professionalism... but an airline "pilot" remains a human being and is also bound to commit mistakes.

I've also had my share of partnership stories which led me to bite the financial bullet of being sole owner of my plane.

Kinda strange from the insurance only linking the aircraft, not the individual, to the premium increase.
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  #12  
Old 04-12-2019, 02:58 AM
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ronschreck ronschreck is offline
 
Join Date: Mar 2006
Location: Gilbert, AZ
Posts: 1,628
Default Just Wow!

Hi Scott,

That is a sad story, indeed! I heard about the first prop strike. The second is new to me. Have you priced a liability only policy? With only you flying the airplane you could consider being self-insured for hull damage and any incident you may have that costs less than $10K to repair would be less than the premium for hull insurance. This assumed that they haven't priced your liability coverage out of reach.

I hope you find a resolution. You shouldn't be grounded

(This reminds me of the time my sister wrecked dad's car and he took the keys away from both of us. He said it was just a matter of time until I wrecked it again. He wasn't an insurance salesman so I don't know where he got that logic.)
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  #13  
Old 04-12-2019, 03:15 AM
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Steve Melton Steve Melton is offline
 
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I hate to hear this. 47 yrs flying and 30 yrs ownership and never damaged an airplane is a perfect record. the trouble came with the partnerships. I hope you find a way out of this mess and continue flying. too much talent and skill to put on a shelf.

I am reminded how every start, every takeoff, every landing, every maintenance action is critically important.
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  #14  
Old 04-12-2019, 04:46 AM
Paul 5r4 Paul 5r4 is offline
 
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I wonder if a way around a situation like this would be in some way the plane is like part of a flying club business.... but the club only has a couple members and each must carry their own insurance. Then if something happened seems the other is insulated from the actions of the other??? You get the point. Partners but not on paper.
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  #15  
Old 04-12-2019, 06:03 AM
Scott Hersha Scott Hersha is offline
 
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Location: Cincinnati, OH
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Not sure about the flying club idea, but I?ll run it by our local airport ?experts? this weekend. Somebody mentioned running it by the folks at Gallagher. That?s what I?ve been doing, and their help has been valuable. After we got the renewal estimate from Starr of $5100 I went looking. Since my new partner and I had never had a claim, Shanna at Gallagher found us a policy with Old Republic for $2000 - cheaper than the original Starr policy when we had zero claims and the plane hadn?t even flown yet. Unfortunately, when my new partner had his accident last week, Old Republic got wind of it within hours and called Shanna and canceled the offer - the policy wasn?t due to start until April 24th. I talked to Shanna yesterday to see what my options are. She said no other carrier will touch it until the claim is closed, and even then will most likely wait at least of year before quoting anything. Starr will hang on to us, maybe because they have to, at the high premium rate. I?ve had 4 RV?s over the last 20 years and this is the first one that I?ve had a partner on. That won?t happen again. I?ll either buy my partner out, he will buy me out, or we will sell it. This is difficult because this is my best build yet. I am 66 and I don?t think I have another one in me.... This was to be my retirement airplane. I can still fly it, but somebody is going to have to pay Starr $10,600 for the first year at least. Not sure what would happen after that. I won?t go to year 2 unless I?m sole owner and our LLC is dissolved.
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  #16  
Old 04-12-2019, 07:01 AM
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dfwtrash dfwtrash is offline
 
Join Date: Jul 2009
Location: friendswood, texas
Posts: 28
Default Insurance

How about this idea, sell the plane to a new ( owner ) partner. Then have him put insurance on the plane with open pilot policy? I have a open pilot policy on my planes. Anyone with 500 total time, and time in type can fly it.
  #17  
Old 04-12-2019, 07:07 AM
rocketman1988 rocketman1988 is offline
 
Join Date: Jun 2010
Location: Sunman, IN
Posts: 2,189
Default Really?

"...The morale of this story is airline pilots are not very good at stick and rudder..."

Really?

What an arrogant comment. I am hoping you have the skills to back it up...

Just remember, accidents CAN and DO happen to everyone.

As far as the insurance racket goes, it doesn't apply to just airplanes. Several years ago, I had a lightning strike on my house. It was irrefutable as it struck the air conditioning compressor and followed the line wiring into the house. It fried the dishwasher and one laptop, as well as the air conditioning compressor. Total claim ~$4000. One year later, a tornado touched down on the neighbors property. It was close enough to knock 4 trees over in my back yard. My policy had a "$1000 for storm damage tree removal" feature, so I used it.

The insurance company paid the two claims...then dropped me as "high risk". Realize that I had been with them for more than a decade with no claims. That "high risk" tag must be communicated across the companies, because I had to get insurance from Lloyds, and it was expensive.

I guess I should have known where the lightning would strike and the tornado would touch down before I built the house...what a racket...
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  #18  
Old 04-12-2019, 07:08 AM
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N941WR N941WR is offline
 
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Sorry to read your tragic story!

Take your time putting it back into service. When I had my prop strike years ago due to someone leaving a trailer in the middle of a taxiway, on the backside of a hill, it took a year and a half to get it flying again. By then, my insurance was on the way down and after three years from the date of the incident, it was back to "normal".

Good luck!
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  #19  
Old 04-12-2019, 07:11 AM
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BCP Boys BCP Boys is offline
 
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As I was reading this, I literally starting cringing and shaking my head. So sorry this happened. Partnerships can ruin friendship for sure if the partner at fault does not completely take FULL responsibility. What that means is that you should be paying half of insurance prior to the accident and your partner should be paying the rest. I get that he is the 2nd partner and the rates already went up but you should be paying 1/2 of the rate that he agreed to and he should man up and pay the rest. Other than the inconvenience of you being without an airplane while it's getting fixed, you should not be affected financially. That's just horrible and I'm sorry to hear that you are in this position.
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  #20  
Old 04-12-2019, 07:44 AM
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Snowflake Snowflake is online now
 
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Quote:
Originally Posted by BCP Boys View Post
...Partnerships can ruin friendship for sure if the partner at fault does not completely take FULL responsibility. What that means is that you should be paying half of insurance prior to the accident and your partner should be paying the rest. I get that he is the 2nd partner and the rates already went up but you should be paying 1/2 of the rate that he agreed to and he should man up and pay the rest...
Yes, this exactly.
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