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slook(at)mchsi.com
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 Posted: Wed Jul 20, 2011 11:12 am Post subject: Insurance |
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After calling just about everybody, I finally have insured my 601XL kit.
Avemco came in best with 15k coverage for $240/yr. At first they
quoted in liability coverage combined for $401/yr. I told the nice
lady that unless the kit fell on somebody that I couldn't see the
need. She said some airports require liability on any plane based
there. Maybe....
If anything happens to the kit, I have to produce receipts to establish value.
So now the kit is moving out to the hanger at the big city airport {
2k0 } and all the fun that involves. I have ordered my fuse kit from
Zenith for pickup the Friday before Open Hanger Day in September.
It might be a real airplane someday at this rate....
Steve
Steve Look
Monticello, IL
601XLB
"Dogs have owners, Cats have staff"
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psm(at)att.net
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| Posted: Wed Jul 20, 2011 12:44 pm Post subject: Insurance |
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Hi Steve,
Well done.
You probably need to save your receipts for a couple of other reasons
too. They support your claim that you bought the plane and built it
yourself, and you probably need to pay "Use" tax before you can use it
in your state.
I was able to get by the use tax issue by getting my tax specialist to
agree to an estimate instead of going through 6 years of receipts.
There is no guarantee that will work with anybody else.
Good luck,
Paul
XL 3 hours into flight test.
On 7/20/2011 12:09 PM, Steve Look wrote:
| Quote: |
After calling just about everybody, I finally have insured my 601XL kit.
Avemco came in best with 15k coverage for $240/yr. At first they
quoted in liability coverage combined for $401/yr. I told the nice
lady that unless the kit fell on somebody that I couldn't see the
need. She said some airports require liability on any plane based
there. Maybe....
If anything happens to the kit, I have to produce receipts to
establish value.
So now the kit is moving out to the hanger at the big city airport {
2k0 } and all the fun that involves. I have ordered my fuse kit from
Zenith for pickup the Friday before Open Hanger Day in September.
It might be a real airplane someday at this rate....
Steve
Steve Look
Monticello, IL
601XLB
"Dogs have owners, Cats have staff"
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| | - The Matronics Zenith601-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?Zenith601-List |
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