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Rob writes:
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Check carefully on this one. The limits on these things are much lower than the value of the airplane parts..>>
While this may be true for some policies, there are at least two ways too deal with this. One is to increase the "personal property" limits on the policy and the second is to get a "declared value rider". The latter uses the same mechanism that you would use if you purchased an Au embellishment for the spouse if it's value exceeded the jewelry limit on your policy.
Side note: If you are married and have never purchased something for the spouse that justifies insurance considerations and you are building an airplane then I would suspect that you may have problems in your future unrelated to insurance.
A long married couple were walking down the street when the wife caught the husband admiring an attractive woman walking the other way. After they pass the wife whispers to the husband "Remember dear, she will get a quarter of everything you own."
Bottom line, check with your agent. Odds are that adding coverage (if required) to your homeowners will be cheaper than a whole new aerospace policy (and a nice lady's Rolex will make you a lot happier than a second transponder ;-) .)
Regards
Brent Regan
LML website: http://members.olsusa.com/mkaye/maillist.html
LML Builders' Bookstore: http://www.buildersbooks.com/lancair
Please remember that purchases from the Builders' Bookstore
assist with the management of the LML.
Please send your photos and drawings to marvkaye@olsusa.com.
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