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Date: Sat, 05 Jul 2008 18:19:22 -0400
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From: Hamid Wasti <hwasti@lm50.com>
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Subject: Re: [LML] Legacy insurance
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hal-ed wrote:
>
>             I=92ve recently signed the purchase agreement for a Legacy
>             kit, and have been looking at the future insurability for
>             the day when the baby will fly under its own power=97a year=

>             or two down the road, I expect.
>
You are being smart to look at insurance before you buy, however..... No =

one can tell you what the insurance market will look like 2 years from=20
now. 30 fatal legacy crashes between now and when you are ready to fly=20
and no one will be able to get insurance in a Legacy. Two loss free=20
years due to mandated training and you could be looking at insurance at=20
lower rates than you thought possible today. If you end up taking 5=20
years to build instead of two, no one can predict what factors will=20
influence rates between now and then, let alone what those rates would be=
=2E

Bottom line: Look into it, but do not take what you hear too seriously.=20
Any predictions about the availability of insurance 2 years from now are =

only as accurate as your ability to predict all relevant events between=20
now and then.

Hamid