Brian, I should have been more clear in the first email. My Sonerai is insured through falcon for $720 per year, full coverage with the hull insured for $15k.
Before I started flying the KR, I called Bob Mackey, the local Falcon rep in Oshkosh and asked him what my options were for covering the KR. He informed me that as long as I am not listed as an owner I am insured to the same limits that I am on the Sonerai. So, yes, I could fly your Mustang 2, but if I made a smoking hole with it Falcon would provide $15k of coverage on the loss and you would have to work out the remaining loss with my wife. If I fly a $100k RV its the same thing. As long as you are rated to fly it (like high performance or retractable gear), you are covered to the extent of your primary insurance. That includes certified planes as well. As soon as I am legally named as an owner on the plane, the non owner insurance does not cover it and I have to buy insurance for it specifically, which is why we have not done any paperwork to make me a partner yet. This brings up an interesting loophole in the system. I could transfer ownership of my Sonerai to my wife, cancel the insurance on it, buy the KR and insure it for hull and liability and be insured to fly both. When he told me I needed 5 hours of dual in the KR before I could get insured I asked him how that made sense and he was a puzzled as I am. So basically, I have to pay an instructor to fly around with me for 5 hours, in the right seat that does not have access to the throttle, flaps, belly board or brakes. Fortunately I have CFI friends that have no issues flying with me in the KR. I have no idea what they would require for a KR1. For my Sonerai with Avemco, they required me to have 10 hours in type before they would insure me so I flew it for 10 hours without insurance. Since then it has always been insured. I have to call him back to clarify a few things today and will try and get more details. I intend to fly the KR in the Airventure cup this year if the Sonerai is not back in service, but EAA (which is again sponsoring the race) requires a COI and a race waiver. Falcon has never given me any trouble with providing those. Not sure if my non owner coverage would allow me to get them or cover me for the KR. When can I fly your Mustang? ; ) Jeff Lange Race 64 - Skye Racer Blog: http://schmleff.blogspot.com Youtube Channel: https://www.youtube.com/schmleff On Jun 21, 2013, at 8:05 AM, brian.kraut at eamanufacturing.com wrote: > So Falcon insures you for other experimentals that you do not own that are > not named in your policy? Didn't know that any insurance did that. So if > you insure your slow and easy to fly Pietenpol you can fly my Mustang 2 and > still be covered for hull and liability? > > -------- Original Message -------- > Subject: KR> Insurance Folly > From: Jeff Lange <schmleff at gmail.com> > Date: Thu, June 20, 2013 8:03 pm > To: KRnet <krnet at list.krnet.org> > > I have been flying Pete's KR under the "non owner" part of my Sonerai > insurance. Basically, I am covered in all ways the same as I am with the > Sonerai but the hull coverage tops out at what I have it insured for. Since > the SI is a single seat, there is no coverage for passengers in planes I do > not own. > > So I called Falcon Insurance and requested a liability quote for me and a > passenger and I thought the price was reasonable at $378 per year. However, > they are requiring me to have 5 hours of dual in it with a CFI before they > will cover me. Um, I don't get it. > > Jeff Lange > Race 64 - Skye Racer > Blog: http://schmleff.blogspot.com > Youtube Channel: https://www.youtube.com/schmleff > > _______________________________________________ > Search the KRnet Archives at http://tugantek.com/archmailv2-kr/search. > To UNsubscribe from KRnet, send a message to KRnet-leave at list.krnet.org > please see other KRnet info at http://www.krnet.org/info.html > see http://list.krnet.org/mailman/listinfo/krnet_list.krnet.org to change > options > _______________________________________________ > Search the KRnet Archives at http://tugantek.com/archmailv2-kr/search. > To UNsubscribe from KRnet, send a message to KRnet-leave at list.krnet.org > please see other KRnet info at http://www.krnet.org/info.html > see http://list.krnet.org/mailman/listinfo/krnet_list.krnet.org to change > options
