From: RWolf99@aol.com
Message-ID: <4d.419fd21.2755947e@aol.com>
Date: Tue, 28 Nov 2000 18:06:38 EST
Subject: Aircraft Construction Insurance
To: lancair.list@olsusa.com
Reply-To: lancair.list@olsusa.com
Mime-Version: 1.0

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I sent a posting in about a month ago saying that Avemco charged $1 per 
thousand of coverage for aircraft under construction.  Apparently I was 
wrong.  For the last several years I had $30K of coverage, for which I paid 
$306 per year.  I just increased the coverage to $65K since there's now an 
engine in my garage (Yay!) and I've bought a bunch of other parts in the 
interim.  The policy cost for $65K of coverage is $458.

I understand that the primary loss mechanism for these things is a house 
fire.  (I didn't tell them that I live within two miles of the San Andreas 
fault....)  Unfortunately, when your house burns down all of your sales 
receipts go up in smoke.  So I'm sending my receipts to them later this week. 
 They also value my construction time at $15 per hour.

I don't really want to know how much I've spent so far, but there's no 
getting around it this time.

- Rob Wolf
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LML website:   http://www.olsusa.com/Users/Mkaye/maillist.html
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Please send your photos and drawings to marvkaye@olsusa.com.
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