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  #11  
Old 06-10-2015, 07:56 AM
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Snowflake Snowflake is offline
 
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Originally Posted by az_gila View Post
Deregistered Aircraft
An aircraft that has been removed from the U.S. Civil Aircraft Register at the owner's request. Aircraft are generally removed for the following reasons: exported, destroyed, salvaged, dismantled, or permanently retired from service.
Unfortunately it sounds like the insurance company has settled, which will mean that the aircraft is now owned by the insurance company. The builder can no longer strike it from the register as he's not the owner. Ditto for removing the data plate.
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  #12  
Old 06-10-2015, 08:16 AM
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Originally Posted by Snowflake View Post
Unfortunately it sounds like the insurance company has settled, which will mean that the aircraft is now owned by the insurance company. The builder can no longer strike it from the register as he's not the owner. Ditto for removing the data plate.
Only if a FAA Form 8050-2 (Bill of Sale) has been completed.

Do the insurance companies always use that form?
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  #13  
Old 06-10-2015, 09:06 AM
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When I had a total loss... the insurance company wanted a bill of sale signed and logs delivered. They also told me... off the record, what the salvage company was going to pay. They said I could bid just a bit higher, in case I wanted to do the rebuild myself. I don't know if this is common, it might have been a case of "nice guy" agent.
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  #14  
Old 06-10-2015, 08:26 PM
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Originally Posted by az_gila View Post
Only if a FAA Form 8050-2 (Bill of Sale) has been completed.
Whether the paperwork is complete or not, my point was that it sounds like there is agreement between the former owner and the insurance company that the insurance company will take it and pay out the former owner for it's loss. Once that agreement is made, i'd say that changing the status of the hull would constitute a breach of the aforementioned agreement.
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  #15  
Old 06-11-2015, 11:16 PM
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LifeofReiley LifeofReiley is offline
 
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No... there is no DEAL made with any insurance company on my end, I am not the insured or the owner... just the manufacture. We are making good progress. Thanks to all that have great info and the right connections. !!
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  #16  
Old 06-12-2015, 08:59 AM
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az_gila az_gila is offline
 
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Quote:
Originally Posted by Snowflake View Post
Whether the paperwork is complete or not, my point was that it sounds like there is agreement between the former owner and the insurance company that the insurance company will take it and pay out the former owner for it's loss. Once that agreement is made, i'd say that changing the status of the hull would constitute a breach of the aforementioned agreement.
True, but the implied part of a "deal" with the insurance company is that you are being paid because the plane is totaled. If so, telling the FAA that is not a breach in my book...
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  #17  
Old 06-12-2015, 09:07 AM
Sid Lambert Sid Lambert is offline
 
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The underwriter (AIG) is going to total anything like this because of the liability. If they pay to have it fixed and the wing falls off due to corrosion then it's on them. If you buy it from a salvage place and 'rebuild' it yourself, all the liability is on you. These guys are masters at risk and that is the reason they total airplanes most would agree could be fixed with very little effort.
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  #18  
Old 06-12-2015, 09:20 PM
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Quote:
Originally Posted by Sid Lambert View Post
The underwriter (AIG) is going to total anything like this because of the liability. If they pay to have it fixed and the wing falls off due to corrosion then it's on them. If you buy it from a salvage place and 'rebuild' it yourself, all the liability is on you. These guys are masters at risk and that is the reason they total airplanes most would agree could be fixed with very little effort.
Sid... you speak as an expert for AIG. Please email me an tell me more. The adjuster and his helpers had a lot of other ideas. Thanks.
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  #19  
Old 06-13-2015, 11:23 AM
Sid Lambert Sid Lambert is offline
 
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I PM'd you.

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Originally Posted by LifeofReiley View Post
Sid... you speak as an expert for AIG. Please email me an tell me more. The adjuster and his helpers had a lot of other ideas. Thanks.
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  #20  
Old 11-10-2017, 09:26 AM
FlintFlyer FlintFlyer is offline
 
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This aircraft just came back with AIG again I wonder if it was caught up in the flooding from hurricane Harvey while being rebuilt.

https://www-265.aig.com/AviationSalv...SalvageId=2516
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