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06-18-2019, 12:53 PM
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Join Date: Feb 2018
Location: Prosser, WA
Posts: 107
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When I was getting my ASEL and looking for a RV7A I was getting quotes for $3500, however if I had my PPL ASEL before purchasing plane it was only $1100 year. Was worth the wait. Did the ASEL in a rental 172 (tax free as a student), bought the RV7A with 42hrs total time, then transitioned on the delivery home (and a few more days at the end of the delivery with Mike Seager!) Really was money well spent!
Jon
__________________
N122EF RV7A
S40 Prosser Washington
=VAF Dues paid 2019=
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06-18-2019, 01:15 PM
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Join Date: Jan 2018
Location: Fremont
Posts: 59
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Renters insurance
Renter's insurance has more downsides.
For example, if a "renter" pilot has a bird strike, the renter's insurance will decline to pay because it's not a renter's fault! The owner's insurance will also decline to pay because the pilot is not approved.
And yes, I verified the information above with the agent when I had a renter's insurance (as far as i remember I spoke with avemco, but they are all the same).
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06-18-2019, 01:47 PM
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Join Date: Dec 2011
Location: Livermore, CA
Posts: 6,797
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Quote:
Originally Posted by odens_14
You couldn't charge rent without a LODA .
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Just to be clear, the FAA will not issue a LODA (waiver) allowing a charge to be made for student pilot training - only for transition training.
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06-18-2019, 04:08 PM
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been here awhile
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Join Date: Dec 2004
Location: North Alabama
Posts: 4,301
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Quote:
Originally Posted by isosceles
Renter's insurance has more downsides.
For example, if a "renter" pilot has a bird strike, the renter's insurance will decline to pay because it's not a renter's fault! The owner's insurance will also decline to pay because the pilot is not approved.
And yes, I verified the information above with the agent when I had a renter's insurance (as far as i remember I spoke with avemco, but they are all the same).
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And...as I understand it, if a claim is paid to a renter, the insurer then sues the owner of the plane to recover their loss.
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06-18-2019, 04:42 PM
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Join Date: Aug 2015
Location: 52F
Posts: 187
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I have heard of this the other way too.
Lets say I fly a friends plane and something bad happens. My friends insurance will pay him than sue me unless I am named with a waiver of subrogation.
Unfortunately I have had to insist on the waiver if they would like training in their plane.
I Have also carried CFI insurance in case something really bad happens.
Too bad that's the world we live in.
__________________
46 Luscombe 8a Rag Wing, Armstrong starter
RV-6, IO-320, Catto, G3X Panel (Thanks Walt!)
Last edited by flyinhood : 06-18-2019 at 05:02 PM.
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06-19-2019, 08:33 AM
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Join Date: Jun 2012
Location: Winchester, CA
Posts: 83
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Quote:
Originally Posted by flyinhood
I have heard of this the other way too.
Lets say I fly a friends plane and something bad happens. My friends insurance will pay him than sue me unless I am named with a waiver of subrogation.
Unfortunately I have had to insist on the waiver if they would like training in their plane.
I Have also carried CFI insurance in case something really bad happens.
Too bad that's the world we live in.
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The two insurance companies I work with have never heard of an insurance company suing after an accident. Basically he said my airplanes weren?t worth enough to go to court over. Maybe if it was a half million or more and the pilot crashing the airplane was flat out negligent.
Have you heard about it happening anywhere?
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Lancair 320
RV4
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06-19-2019, 09:33 AM
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Join Date: Dec 2018
Location: San Diego
Posts: 403
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Quote:
Originally Posted by tgibbs
The two insurance companies I work with have never heard of an insurance company suing after an accident. Basically he said my airplanes weren?t worth enough to go to court over. Maybe if it was a half million or more and the pilot crashing the airplane was flat out negligent.
Have you heard about it happening anywhere?
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I have personal knowledge of the insurance company suing after a $60,000 hull loss on a Piper Comanche, on a $100,000 liability policy.
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RV-9A, Fallbrook Ca (L18)
Paid, Jan 2020
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06-19-2019, 09:56 AM
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Join Date: Oct 2005
Posts: 706
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Our solution was to buy a Cessna 150 Aerobat, my middle son passed his check ride in it last fall after about 2 months and my daughter is working on her pilots license. Insurance on it is $960 a year with 4 named pilots (2 students) at a value of $41K. We have owned it for about 9 months and it looks like the prices on them have significantly increased. It is ADS-B compliant and IFR capable with a 430W so they can also do their IFR training in it.
Rob Hickman
N402RH RV-10
N6120F C-150 Aerobat
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06-19-2019, 11:28 AM
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been here awhile
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Join Date: Dec 2004
Location: North Alabama
Posts: 4,301
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Quote:
Originally Posted by Sam Buchanan
And...as I understand it, if a claim is paid to a renter, the insurer then sues the owner of the plane to recover their loss.
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Quote:
Originally Posted by tgibbs
The two insurance companies I work with have never heard of an insurance company suing after an accident. Basically he said my airplanes weren?t worth enough to go to court over. Maybe if it was a half million or more and the pilot crashing the airplane was flat out negligent.
Have you heard about it happening anywhere?
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I think the more proper term is subrogation.
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06-19-2019, 11:07 PM
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Join Date: Jun 2012
Location: Winchester, CA
Posts: 83
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Quote:
Originally Posted by SPX
I have personal knowledge of the insurance company suing after a $60,000 hull loss on a Piper Comanche, on a $100,000 liability policy.
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Any more background? I assume they where flying on the open pilot policy and something happened, could you elaborate some? Thanks
__________________
Lancair 320
RV4
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