dans2992
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Dans2992
So, I currently own a Piper Comanche with 2 other partners. I am looking at possibly renting an aircraft from an FBO from time to time should my plane be in the shop, or in use by one of the other partners.
What is the best way to approach an FBO about getting listed on their insurance policy, or obtaining a waiver of subrogation from their insurance company? I have heard 3rd hand of this being done in the past, but is it realistic?
Basically, for the number of hours per year I might be flying the rental, it's not worth it to shell out $1000-$1500 for the amount of renter's insurance I would need to cover the hull if something happened. Since the plane is already insured, I would think getting a waiver of subrogation, or being named on the policy would come much cheaper than going out and getting my own renter's policy. I'm not concerned about covering the deductibles, etc, I just don't want to be on the hook for $100-$150k should something catastrophic happen.
Also, can anyone cite an actual case where an FBO's policy subrogated against the renter? Does this actually happen, or is it just a scare tactic to sell renter's insurance?
--Dan
What is the best way to approach an FBO about getting listed on their insurance policy, or obtaining a waiver of subrogation from their insurance company? I have heard 3rd hand of this being done in the past, but is it realistic?
Basically, for the number of hours per year I might be flying the rental, it's not worth it to shell out $1000-$1500 for the amount of renter's insurance I would need to cover the hull if something happened. Since the plane is already insured, I would think getting a waiver of subrogation, or being named on the policy would come much cheaper than going out and getting my own renter's policy. I'm not concerned about covering the deductibles, etc, I just don't want to be on the hook for $100-$150k should something catastrophic happen.
Also, can anyone cite an actual case where an FBO's policy subrogated against the renter? Does this actually happen, or is it just a scare tactic to sell renter's insurance?
--Dan