Unfortunately at our Airpark, an airplane was landing and ran off the runway and hit my parked plane in front of my hanger. Fortunately I was not in my plane and the two occupants in the other plane were OK. Very sad to see but my aircraft could be damaged beyond repair and a total loss. i’m still waiting on his insurance adjuster and to get estimates.
My concern is, I know my aircraft is under insured. My bad for not increasing the hull value over the years while increasing the value of the plane with upgrades.
My insurance company says they will cover the plane up to the covered hull value which its not even close of what it’s worth in today’s market.
Since the accident is the other pilots fault, shouldn’t his insurance be liable to cover 100% total cost to repair or replace my plane?
I’m wondering how I capture the total cost from his insurance if my insurance will only cover up to a certain amount.
Perhaps I don't file a clam through my insurance and get my own adjuster? Maybe someone else has been in the same situation and has some advice.
This is still fresh and just trying to figure out my best options. Thanks!
My concern is, I know my aircraft is under insured. My bad for not increasing the hull value over the years while increasing the value of the plane with upgrades.
My insurance company says they will cover the plane up to the covered hull value which its not even close of what it’s worth in today’s market.
Since the accident is the other pilots fault, shouldn’t his insurance be liable to cover 100% total cost to repair or replace my plane?
I’m wondering how I capture the total cost from his insurance if my insurance will only cover up to a certain amount.
Perhaps I don't file a clam through my insurance and get my own adjuster? Maybe someone else has been in the same situation and has some advice.
This is still fresh and just trying to figure out my best options. Thanks!