I wonder what the insurance company will do if the pilot doesn't have the high performance endorsement? He really needs to buy the plane if the insurance company denies the coverage. Jim
As a follow up to my previous post:
I just recieved my insurance qoute on my Bonanza for 2007-2008 and here are the stated pilot requirements for my Bonanza printed on the first page:
"Pilots: Jim Hillabrand; otherwise any private or more advanced pilot with an instrument rating who has a minimum of 750 total logged hours of which 150 hours have been in aircraft with retractable landing gear including not less than 25 hours in make and model."
That means if I was flying the Piper in question and pulled the dastardly deed, the insurance claim would be denied because I don't have the required 25 hours in make and model.
Gary, Nathan and Mark, would be shot out of the saddle as well if they don't have the 25 hours M&M time.
Another twist: If the owner is a CFI or was PIC and claims so on the accident report and insurance claim then I would assume he might get the coverage but then in a court room when the owner is trying to recover the short fall (what the insurance doesn't cover and loss of value due to the damage history) the buyer can say "Hey, I wasn't flying the thing. He was PIC and the FAA and his insurance company will verify that".
These are the situations in life that can turn into nightmares.
Keep us posted Hung.
Jim
