I'm considering putting a new DA40-NG into a club, but the liability insurance is only $2M and more importantly $250K per passenger. The wrong passenger, or the wrong person on the ground, with attorney's fees and $250K is gone very quickly.
Do people have personal umbrella liability policies to back up their aircraft policy?
Leaseback experiences?
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- Boatguy
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- Colin
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Re: Leaseback experiences?
Yes. Definitely on the umbrella policy.
Colin Summers, PP Multi-Engine IFR, ~3,000hrs
colin@mightycheese.com * send email rather than PM
http://www.flyingsummers.com
N972RD DA42 G1000 2.0 s/n 42.AC100 (sold!)
N971RD DA40 G1000 s/n 40.508 (traded)
colin@mightycheese.com * send email rather than PM
http://www.flyingsummers.com
N972RD DA42 G1000 2.0 s/n 42.AC100 (sold!)
N971RD DA40 G1000 s/n 40.508 (traded)
- Chris B
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Re: Leaseback experiences?
Hi Colin -Colin wrote:Yes. Definitely on the umbrella policy.
I have not been able to find an umbrella policy that does not exclude aviation. Who is your underwriter?
Chris
- ultraturtle
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Re: Leaseback experiences?
I found my aircraft insurance company through my umbrella insurer. It was serendipitously the lowest rate and easiest checkout requirement of all companies that provided a quote.
- Colin
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Re: Leaseback experiences?
I don't have it handy, but I *think* it is with Farmers up in Washington state. It was with Allstate in California, but when we bought the place on San Juan Island the California company wouldn't cover events in Washington, but the Washington company had no problem covering things in California.
That was filed under "More things I don't understand."
That was filed under "More things I don't understand."
Colin Summers, PP Multi-Engine IFR, ~3,000hrs
colin@mightycheese.com * send email rather than PM
http://www.flyingsummers.com
N972RD DA42 G1000 2.0 s/n 42.AC100 (sold!)
N971RD DA40 G1000 s/n 40.508 (traded)
colin@mightycheese.com * send email rather than PM
http://www.flyingsummers.com
N972RD DA42 G1000 2.0 s/n 42.AC100 (sold!)
N971RD DA40 G1000 s/n 40.508 (traded)
- TimS
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Re: Leaseback experiences?
I have used Lyod's, currently AIG which expires soon, Farmer's is the replacement.
Tim
Tim