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<< Lancair Builders' Mail List >>
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We signed up with Avemco, premium is $463/yr for $60k of damage coverage.
We're looking into liability because of new requirements at our rented
hangar - premiums quoted from Avemco are $157/yr for $50k Bodily Injury,
$500k Property Damage, $500k Per Occurrence -- $212/yr for $100k Bodily
Injury, $1M Property Damage, $1M Per Occurrence. If you rent a hangar, it's
probably a good idea to have some liability coverage in case you damage your
hangar, other planes in your hangar or other hangars, other hangars, or if
people are injured when coming to look at your plane or help with your
plane. If you're building at home, I would guess your homeowner's policy
liability coverage will cover anyone injured in your project?
Allyson Thorn
L2K-173
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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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