From: "Marvin Kaye" <marv@lancaironline.net>
Subject: Re: [LML] Re: Insurance
To: lml
Date: Thu, 29 Sep 2005 16:17:23 -0400
Message-ID: <web-741843@logan.com>
In-Reply-To: <87DBA06C9A5CB84B80439BA09D86E69E0293C3B5@MAIL01.austin.utexas.edu>
References: <87DBA06C9A5CB84B80439BA09D86E69E0293C3B5@MAIL01.austin.utexas.edu>
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Posted for "Mark R Steitle" <mark.steitle@austin.utexas.edu>:

  Not a bad quote Jeff but I got a quote before Lancair got too involved:
  
  
  $300k hull, $1 million liability, 10 hr instruction and 20 hr solo - for
  $4,915.
  
  After Lancair got into it hot and heavy about 6 months ago the same
  coverage jumped to $5,758 and had added the restriction of paying for a
  factory inspection.
  
  
  Now the new restrictions from Lancair (listed in their e-mail today)
  include if:
  
  1) building your kit with us or if building at home, having a Lancair
  approved inspector look over your work;
  
  2)  using only Lancair approved and/or certified parts in the
  construction of your kit (no auto engines, no radically modified
  aircraft engines, etc.);
  
  3) Having a Lancair approved ABDAR inspect and issue an airworthiness
  certificate (the reason for which is that we believe an individual who
  has extensive Lancair experience will be better able to detect
  deficiencies in the builder's work);
  
  4) Attending our training program provided by Pete Zaccagnino;
  
  5) Having the first condition inspection performed by Lancair or one of
  its approved builders.
  
  Let's see if I understand this, and correct me if I'm wrong... If I
  don't comply 100% with rules 1 through 5 above (which didn't exist when
  I purchased my kit), my Lancair won't pass the "official Lancair
  Inspection", which means I won't be able to buy insurance, thereby
  preventing me from being able to rent a hangar, which will obviously
  prevent me from flying my airplane.  So, I guess I'll just have one very
  expensive lawn ornament?  As Jeff said, "Thanks Joe Bartels and all
  involved in making this happen."
  
  Mark