alpinelakespilot2000
Well Known Member
My name just came up for a county hangar after 2.5 years on a waiting list. I really don't need it for about 6-9 mos., but now is the time it's available and they almost NEVER come open at my airport. However, as I'm reading the contract, I'm finding someting about required insurance:
"The tenant shall provide aircraft liability insurance coverage in an amount not less than: $100,000 bodily injury, $300,000 property damage, and $300,000 each occurrence. The tenant agrees to prpovide and maintain proof of aircraft liability insurance requirements through the term of the lease."
My questions:
1. Is this a standard requirement for those of you how have city/county leases? (I'm assuming so, but who knows.)
2. If my plane is not yet done, but in the process of being built, how do I get insurance that meets the above requirements? Is this something that builder's insurance would normally cover? How can I handle this issue?
Again, I'm definitely not at the stage where I have to have the hangar for final assembly, but I should be there pretty soon and so I don't want to have to give up this hangar.
Any help? Thanks.
"The tenant shall provide aircraft liability insurance coverage in an amount not less than: $100,000 bodily injury, $300,000 property damage, and $300,000 each occurrence. The tenant agrees to prpovide and maintain proof of aircraft liability insurance requirements through the term of the lease."
My questions:
1. Is this a standard requirement for those of you how have city/county leases? (I'm assuming so, but who knows.)
2. If my plane is not yet done, but in the process of being built, how do I get insurance that meets the above requirements? Is this something that builder's insurance would normally cover? How can I handle this issue?
Again, I'm definitely not at the stage where I have to have the hangar for final assembly, but I should be there pretty soon and so I don't want to have to give up this hangar.
Any help? Thanks.