My home owners insurance (American Family Insurance) does not cover it either.
Actually, at first my agent said it was covered, but when I pressed him for
documentation he discovered that it was not covered. I got mine through
Avemco. They have a builders insurance. I paid $280/yr for a $25k value. This
value could be upgraded any time as you progress. You can add your own time
(they have a fixed $ per hour) and engine or equipment as you purchase them.
Even if the insurance company does not specifically exclude airplanes, I would
not consider it to be covered unless they specifically say that it is covered.
Otherwise, in the event of a loss, the insurance company can always argue that
airplane parts are not household items. They are always looking for ways to
not pay.
JLW <jeffw@telebyte.net> wrote:
Hello all.
I suppose this should be directed mostly at the US builders. I have
a question about how everyone, or anyone is insuring their kits. I was
told today by my home owners insurance guy, that airplanes or airplane
parts are specifically excluded from coverage. He says this is very
common nation wide, but certainly all the carriers in this state
(Washington) have the same restriction. I tried to convince him that it
isn't really an airplane until the FAA says so. He said it doesn't
matter. It isn't covered. Period.
Suggestions anyone?
Jeff A191
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