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<< Lancair Builders' Mail List >>
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Brent writes:
>>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".<<
I just got off the phone with my homeowners (State Farm) insurance agent.
Since I live in California, and most insurance depends on state laws, these
comments only apply here. I am not sure if other insurance companies may
have different policies.
My homeowners policy specifically does NOT cover airplane parts. My policy
reads as follows: "COVERAGE B - PERSONAL PROPERTY; 2. PROPERTY NOT COVERED;
e. aircraft and parts". Therefore it would do no good to increase "personal
property" and since parts are excluded from coverage it is not possible to
have a "declared value rider".
Thanks for the information, as it gave me hope that maybe something had
changed. It seems ludicrous to pay 50% more for my airplane parts than my
total homeowners premium.
Brent, you said in an earlier post (3/6) that you had simply written to your
insurance agent and that they were covered. May I ask what company you were
with, since I know you were in California at that time.
Thanks,
Bill George 530-642-8063
LIV-P N49BG, 01CL (Swansboro-Pvt)
Placerville, California
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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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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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