21 Oct 2025, 06:30 [ UTC - 5; DST ]
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Username Protected
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Post subject: Re: Insurance ?. New Tail Wheel Pilot  Posted: 23 Aug 2025, 11:00 |
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Joined: 12/10/07
Posts: 35555
Post Likes: +14044
Location: Minneapolis, MN (KFCM)
Aircraft: 1970 Baron B55
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Username Protected wrote: It isn't enoughbut it's all I could get.
What it does accomplish, though, is it obligates the insurance company to defend you. Yeah that's worth something but AFaIK, they can always settle for the 100k policy limit and leave you with the rest of a judgement. But if you can't get better limits you just have to live with what you can get. My comment about the extra 20% was aimed at Steve who does appear to have a choice.
_________________
-lance
It's easier to fool people than to convince them that they have been fooled.
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Username Protected
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Post subject: Re: Insurance ?. New Tail Wheel Pilot Posted: 25 Aug 2025, 00:28 |
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Joined: 06/18/15
Posts: 1142
Post Likes: +461
Location: Alaska/Idaho
Aircraft: Helio Courier, MU2
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Username Protected wrote: It isn't enoughbut it's all I could get.
What it does accomplish, though, is it obligates the insurance company to defend you. Yeah that's worth something but AFaIK, they can always settle for the 100k policy limit and leave you with the rest of a judgement. But if you can't get better limits you just have to live with what you can get. My comment about the extra 20% was aimed at Steve who does appear to have a choice.
I’m not an insurance expert but my understanding is they have to defend the insured. I don’t think they can just pay the policy limit and walk away. I could be wrong on this.
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