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06-10-2015, 07:56 AM
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Join Date: Oct 2009
Location: Victoria, BC, Canada
Posts: 3,932
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Quote:
Originally Posted by az_gila
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.
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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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Rob Prior
1996 RV-6 "Tweety" C-FRBP (formerly N196RV)
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06-10-2015, 08:16 AM
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Join Date: Jan 2005
Location: 57AZ - NW Tucson area
Posts: 10,011
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Quote:
Originally Posted by Snowflake
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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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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Gil Alexander
EAA Technical Counselor, Airframe Mechanic
Half completed RV-10 QB purchased
RV-6A N61GX - finally flying
Grumman Tiger N12GA - flying
La Cholla Airpark (57AZ) Tucson AZ
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06-10-2015, 09:06 AM
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Join Date: Nov 2013
Location: Prescott, AZ
Posts: 1,614
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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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"Kindness is never a bad plan."
exemption option waived. Donation appropriate.
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06-10-2015, 08:26 PM
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Join Date: Oct 2009
Location: Victoria, BC, Canada
Posts: 3,932
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Quote:
Originally Posted by az_gila
Only if a FAA Form 8050-2 (Bill of Sale) has been completed.
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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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Rob Prior
1996 RV-6 "Tweety" C-FRBP (formerly N196RV)
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06-11-2015, 11:16 PM
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Join Date: Jan 2005
Location: Round Rock, TX
Posts: 3,778
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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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Reiley
Retired N622DR - Serial #V7A1467
VAF# 671
Repeat Offender / Race 007
Friend of the RV-1
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06-12-2015, 08:59 AM
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Join Date: Jan 2005
Location: 57AZ - NW Tucson area
Posts: 10,011
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Quote:
Originally Posted by Snowflake
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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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...
__________________
Gil Alexander
EAA Technical Counselor, Airframe Mechanic
Half completed RV-10 QB purchased
RV-6A N61GX - finally flying
Grumman Tiger N12GA - flying
La Cholla Airpark (57AZ) Tucson AZ
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06-12-2015, 09:07 AM
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Join Date: Jul 2005
Location: North Atlanta
Posts: 1,120
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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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Sid Lambert
RV-7 Sold
RV-4 - Flying - O-320 Fixed Pitch - Red over Yellow
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06-12-2015, 09:20 PM
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Join Date: Jan 2005
Location: Round Rock, TX
Posts: 3,778
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Quote:
Originally Posted by Sid Lambert
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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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. 
__________________
Reiley
Retired N622DR - Serial #V7A1467
VAF# 671
Repeat Offender / Race 007
Friend of the RV-1
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06-13-2015, 11:23 AM
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Join Date: Jul 2005
Location: North Atlanta
Posts: 1,120
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I PM'd you.
Quote:
Originally Posted by LifeofReiley
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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__________________
Sid Lambert
RV-7 Sold
RV-4 - Flying - O-320 Fixed Pitch - Red over Yellow
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11-10-2017, 09:26 AM
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Join Date: Feb 2017
Location: Apex NC
Posts: 6
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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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1997 RV6 slider with O-360/Catto-for fun
1961 Piper Colt-for training kids
King Air 200/350-for work
Exempted but donated 2018
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