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04-27-2020, 08:46 PM
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Join Date: May 2013
Location: Sherman, CT
Posts: 790
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Hangar Insurance
I recently purchased a 50X50 stand alone hangar, and am wondering about insurance on the structure. For those hangar owners in the crowd, how and with whom have you insured your hangar?
Thanks
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Jake
RV6 #20477 completed 1991 sold.
RV7 #72018 N767T first flight 11/21/2017 350+ hrs.
IO-360M1B MT 3 blade, Dual AFS 5600 QUICK Panel.
Manual Flaps. (KOXC)Oxford, CT, (0NY0)North Creek, NY.
1941 J3 Cub skis,floats.
2020 dues gladly paid.
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04-27-2020, 09:34 PM
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Join Date: Mar 2005
Location: Huntsville, AL
Posts: 426
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Hangar too?
Talk to your homeowners insurance? If they can?t write it they may recommend a company. Another data point.
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Dave
RV12 N951DZ
First Flight 9/23/16!
No paint yet. Working on a scheme with John Deere colors or accents.
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04-27-2020, 09:49 PM
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Join Date: Nov 2007
Location: Fort Walton Beach, FL
Posts: 78
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Hangar insurance
I had to get a commercial building policy on my hangar. Couldn't find a homeowners insurance that would touch it. Was actually cheaper than similar valued homeowners policy's. Call Drew Hargrave in Pensacola FL. 850-432-9912. Hiles McLeod Insurance Inc. Policy is through a company I think in PA.
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Cecil "TRON"
RV8 N95CH Ready to Fly
RV6A Flying with Son Chris
Member, FlyOnSpeed Team
Next Plane Sling 4 TSI Kit On Order
2020 Dues Paid, Home Field 18FD
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04-28-2020, 05:53 AM
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Join Date: Mar 2005
Location: Dallas area
Posts: 10,762
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Both of my hangars are covered on my homeowner's policy. Of course, they are located on my "homestead" property directly behind my house.
As a matter of fact, several years ago, I collected for hail damage on them. Insurance is with USAA.
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Mel Asberry, DAR since the last century.
EAA Flight Advisor/Tech Counselor, Friend of the RV-1
Recipient of Tony Bingelis Award and Wright Brothers Master Pilot Award
USAF Vet, High School E-LSA Project Mentor.
RV-6 Flying since 1993 (sold)
<rvmel(at)icloud.com>
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04-28-2020, 07:48 AM
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VAF Moderator / Line Boy
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Join Date: Jan 2005
Location: Dayton, NV
Posts: 12,243
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We’re just like Mel - hangar covered by USAA on the same policy as our house because they are on the same property.
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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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04-28-2020, 08:15 AM
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Join Date: Dec 2007
Location: Brentwood, CA
Posts: 658
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My hangar is on the county airport, hence a land-lease. However, USAA covers the hangar as "other structures external to the residence", with a limit to 10% of the policy value, but that definitely covers the value of my hangar. If it were valued above that amount, currently ~$70K, I could elect to increase that percentage for additional premium, or get a separate policy. (my old hangar is not valued above that, so I'm good to go).
It's important to note that it does not cover anything that would be considered an aircraft or aircraft part, but it does cover the structure, tools, furniture, and of course the beer fridge...
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Ron Gawer
- RV10, Build in progress.
- RV12, N975G, "The Commuter"...many great hours and happy landings so far.
- Several others that are now just great memories for me.
Last edited by rongawer : 04-28-2020 at 08:53 AM.
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04-28-2020, 12:49 PM
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Join Date: Jan 2005
Location: Tulsa, OK
Posts: 1,014
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Falcon
My hangar is on a public airport (Jones Riverside Tulsa) and on a Tulsa airport land lease. Get insurance for structure and contents (RV is covered on separate policy) via Falcon and is around $750/yr for $80K coverage.
Figs
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04-28-2020, 03:27 PM
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Join Date: Jan 2005
Location: NC25
Posts: 3,503
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Similar to Mel and Paul, my hangar insurance is the same policy as my homeowners insurance. AAA (Auto Club) insurance has my homeowners (hangar and house on same lot) as well as my auto insurance. There is an extra discount for both.
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Gary A. Sobek
NC25 RV-6 Flying
3,400+ hours
Where is N157GS
Building RV-8 S/N: 80012
To most people, the sky is the limit.
To those who love aviation, the sky is home.
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04-28-2020, 04:49 PM
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Join Date: Dec 2009
Location: Boulder, CO
Posts: 4,428
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I also have a free-standing hangar, so I can't just tack its insurance on to my homeowner's policy. Mine is on a ground lease with the city. I insure it with
Melina R. Daggett,
Account Executive
Southwest Aviation Insurance Group
Scottsdale Municipal Airport
14415 N. 73rd Street, Suite 115
Scottsdale, AZ 85260
Ph. (480) 483-7844 phone; (800) 324-6787
Fax (480) 483-8299 fax
Melina@southwestaviation.com
They've had the account for a while now and I've been satisfied. However, I haven't had any claims so I can't say how well something like that will be handled. But it's been easy dealing with them so far, and I expect to use them again next year.
Dave |
04-28-2020, 05:19 PM
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Join Date: May 2005
Location: Boston, MA
Posts: 449
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Quote:
Originally Posted by Ironflight
We?re just like Mel - hangar covered by USAA on the same policy as our house because they are on the same property.
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I believe USAA is for U.S. military members and their eligible family members.
__________________
Brian J.
Boston, MA
RV8 Based at ORH - Purchased
RV8 - The Project #83313 - Under Construction
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