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Charles Heathco
Joined: 10 Jan 2006
Posts: 201
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 Posted: Tue Feb 12, 2008 5:07 am Post subject: AIG insurance |
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I just read a report that AIG was taking a big writedown and shares price falling a bunch. Any ideas as to how that might affect our insurance? I think most or at least many policies end up with AIG, at leqst mine with AOPA agencty does. Charlie Heathco
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tcervin(at)embarqmail.com
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| Posted: Tue Feb 12, 2008 5:34 am Post subject: AIG insurance |
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Charlie, I have Global Insurance on my RV6-A but I wouldn't worry. Insurance companies even weathered the Great Depression when a large of amount of business's failed.
Tom in Ohio
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mr.sun
Joined: 30 Jan 2007
Posts: 85
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| Posted: Tue Feb 12, 2008 12:00 pm Post subject: AIG insurance |
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Speaking of insurance, Do most RV owner/pilots carry hull insurance?
On 2/12/08, Tom & Cathy Ervin <tcervin(at)embarqmail.com (tcervin(at)embarqmail.com)> wrote:[quote]
Charlie, I have Global Insurance on my RV6-A but I wouldn't worry. Insurance companies even weathered the Great Depression when a large of amount of business's failed.
Tom in Ohio
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Greg RV-7 |
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pitts_pilot(at)bellsouth.
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| Posted: Tue Feb 12, 2008 2:10 pm Post subject: AIG insurance |
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Greg Williams wrote:
| Quote: | Speaking of insurance, Do most RV owner/pilots carry hull insurance?
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Can't speak for RV pilots since I'm not there yet 
However all I carry on my airplanes is liability ..... and only because
the hangar owners require it. It's a gamble.
In my case I insured the Pitts I built with hull the first year. At
that time ('81) $25K of hull cost me an extra 1K. I figured I might
need it in the first year. I didn't.
13 years later, I hurt my pride and joy. It was a outside 1/2 loop on a
landing. The top wing was trashed and the lower engine mount/fuselage
tubing was bent. Repairs were less than $3K
So, lets do some math. 12 years X $1K = $12K in the bank less the $3K,
so I still had $9K on account at the time. It's been building ever since.
However, I might feel different on an airplane that's worth $100K or
more. I'll cross that bridge (airway???) when I come to it
I wonder if hull insurance is purchased mostly by pessimists rather than
optomists!!!!  . Somebody else will have to collect the data!!!
Linn
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Gary.A.Sobek
Joined: 09 Jan 2006
Posts: 217
Location: SoCAL USA
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| Posted: Tue Feb 12, 2008 4:37 pm Post subject: AIG insurance |
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| Quote: | | Liability only for 8 of the last 10+ years. |
Gary A. Sobek
"My Sanity" RV-6 N157GS O-320 Hartzell,
2,080 + Flying Hours So. CA, USA
| Quote: |
Speaking of insurance, Do most RV owner/pilots carry hull insurance?
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Helping your favorite cause is as easy as instant messaging. You IM, we give. Learn more. [quote][b]
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