earl72
Pre-Flight
a good friend of mine is trying to get his licence but the rental fees are killing him is it leagel to let him use my plane if he only pays for fuel and insurance
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You should ask further whether you will both be "named insureds" or whether you will remain the sole insured party while your pal is only a "named pilot." If the former, realize that your policy value to you will be diluted in the process, effectively reducing the liability coverage you have by as much as half or more. If the latter, realize that your pal will for sure be "naked" when it to claims by third parties (say, the person into whose car he taxies), and unless there's a "waiver of subrogation" clause in your policy, your insurer could subrogate against your pal for anything they pay out to you or any third parties for an accident while he's flying the plane. Finally, if your pal is taking training in that plane, there's also the issue of the instructor being acceptable to the insurer for that purpose.i checked with my insurance and i can add him to my policy to cover both of us
Does this good friend borrow other things from you? Does he lend you things of equal value? You certainly can do this, I'd be very selective in who I lend my plane to. As a matter of fact, it's only been my CFI who is signed off, current and insured in my plane for my benefit (to ferry the plane when I couldn't).
Best,
Dave[/QUOTE
q #1 no
q#2 yes
Yes it is perfectly legal...and if an instructor is needed -- I'm available. The only real issue is insurance and Ron touches on that nicely above.a good friend of mine is trying to get his licence but the rental fees are killing him is it leagel to let him use my plane if he only pays for fuel and insurance
i told him about you Jesse but I think he has an instructor alreadyYes it is perfectly legal...and if an instructor is needed -- I'm available. The only real issue is insurance and Ron touches on that nicely above.
It is legal for you to do this, but remember the student pilot never meets the open pilot warrantee of the insurance policy.a good friend of mine is trying to get his licence but the rental fees are killing him is it leagel to let him use my plane if he only pays for fuel and insurance
a good friend of mine is trying to get his licence but the rental fees are killing him is it leagel to let him use my plane if he only pays for fuel and insurance
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Another friend loaned me his 150 so I could teach my son to fly this summer. We did add him as a named insured on his policy, which was only $30, much less than I expected. He wouldn't let me pay him for it, but I did pay for some maintenance items on it during the course of the training. He was happy to help launch a new pilot. I was happy I could get my son through his PPL in five weeks and less than 50 hrs.!
I am glad to hear that in this cynical lawyer infested world, there is still room for handshake deals between responsible adults.
a good friend of mine is trying to get his licence but the rental fees are killing him is it leagel to let him use my plane if he only pays for fuel and insurance
As he won't be PIC (aside from solo) I'd think getting his CFI on the insurance plan would be more important... at least to the CFI, anyway.
Or, that's how I'd see it, but don't have any practical experience with this scenario.
I am glad to hear that in this cynical lawyer infested world, there is still room for handshake deals between responsible adults.
By the time you add up what you're losing on engine time, how much your insurance will go up to add a student pilot, and their cost of adding non-owned coverage for themselves... You'll probably find the rental is the same price minus your loss on the engine time.
If you charge him prorated engine and maintenance costs, it'll be within a few bucks.
You're a good friend, subsidizing your friend's flying by that amount that you'll be losing.
In all fairness if the plane is under used the extra flight time may extend the life of the engine and reduce maintenance costs.
I looked into a similar deal with a friend on my airplane, we just had added the aditonal requirement that he would make himself available to help me spin wrenches when ever needed.
However the cost of adding a student pilot to my 182's insurance killed it.
Will the 100 HR inspection rule apply since the plane will be used for instruction?
No. Not unless the instructor is being made available *with* the aircraft. If you get the aircraft then find your own instructor whom is not associated with it no 100 hr is required.Will the 100 HR inspection rule apply since the plane will be used for instruction?
Have your friend pay the difference.
...or the aircraft owner provides the instructor.NO, not unless the instructor provides the aircraft.