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  #1  
Old 04-14-2017, 10:58 AM
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jcarne jcarne is offline
 
Join Date: Jul 2016
Location: Worland, Wyoming
Posts: 236
Default I just joined the wing club.

Well gents, I just joined the "spend a whole bunch of money on wings club" (may need a better name for that one haha). My order looks almost identical to Cubedroots (shout out for that spreadsheet you made). I was just wondering does anyone carry builders insurance as the dollars are started to get up there? If so who are the options? I'm sure EAA probably has something.
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  #2  
Old 04-14-2017, 11:44 AM
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izzybear izzybear is offline
 
Join Date: Sep 2010
Location: Dallas, TX
Posts: 296
Default Good for you!!

Congrats on the milestone - you are on your way! You are correct in your thoughts - when the dollars spent start accumulating, then it's time to protect the "investment". I have very good things to say about Leah at Gallagher - give her a call (see contact info below). You can specify the dollar amount you want to insure and then increase it if needed before the term expires if you wish. Like I said, easy to work with.

Leah Ringeisen
Account Executive
Gallagher Aviation

Arthur J. Gallagher Risk Management Services, Inc.
Direct: 877-520-6247| Fax: 636-532-3646
www.ajg.com/lightaircraft / www.ajg.com
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RV-8 N223TG (reserved)
Finish - arrived 10/7/15
Fuselage - arrived 3/14/14
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  #3  
Old 04-14-2017, 03:07 PM
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wirejock wirejock is offline
 
Join Date: Oct 2005
Location: Estes Park, CO
Posts: 2,648
Default Hull insurance

Quote:
Originally Posted by izzybear View Post
Congrats on the milestone - you are on your way! You are correct in your thoughts - when the dollars spent start accumulating, then it's time to protect the "investment". I have very good things to say about Leah at Gallagher - give her a call (see contact info below). You can specify the dollar amount you want to insure and then increase it if needed before the term expires if you wish. Like I said, easy to work with.

Leah Ringeisen
Account Executive
Gallagher Aviation

Arthur J. Gallagher Risk Management Services, Inc.
Direct: 877-520-6247| Fax: 636-532-3646
www.ajg.com/lightaircraft / www.ajg.com
That's what I did but not till I wrote the huge check for the engine.
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http://wirejockrv7a.blogspot.com
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Donated 12/01/2016. Plus a little extra.
RV-7A #73391, N511RV reserved (1,800+ hours)
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  #4  
Old 04-24-2017, 11:17 AM
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Raymo Raymo is offline
 
Join Date: Nov 2014
Location: Richmond Hill, GA (KLHW)
Posts: 1,188
Default

I got insurance from Gallagher after the big avionics purchase but, if doing it again, would get it sooner (post engine).
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  #5  
Old 04-24-2017, 06:49 PM
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jcarne jcarne is offline
 
Join Date: Jul 2016
Location: Worland, Wyoming
Posts: 236
Default

Thanks for the reply guys. I'm kinda surprised that most waited until after the engine. Granted the engine costs a whole bunch of money I figured more would have got it sooner. Mainly asked because I'm sure homeowners wouldn't cover it...
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  #6  
Old 04-25-2017, 02:12 PM
LRingeisen LRingeisen is offline
 
Join Date: Mar 2016
Location: Chesterfield, MO
Posts: 23
Default

Quote:
Originally Posted by izzybear View Post
I have very good things to say about Leah at Gallagher - give her a call (see contact info below). You can specify the dollar amount you want to insure and then increase it if needed before the term expires if you wish. Like I said, easy to work with.www.ajg.com/lightaircraft / www.ajg.com
Thanks izzybear, we always like seeing that people are happy with our service. It means a lot!

Jcarne, if you need anything, we're only an email or phone call away. Good luck with the build!
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Leah Ringeisen (Leah_Ringeisen@ajg.com)
Shanna Linton (Shanna_Linton@ajg.com)
Jennifer Cummins (Jennifer_Cummins@ajg.com)

Gallagher Aviation
Arthur J. Gallagher Risk Management Services, Inc.
(Formerly NationAir Aviation Insurance)
www.ajg.com/lightaircraft / www.ajg.com
Opinions and advice provided by Arthur J. Gallagher & Co. is not intended to be, and should not be construed to be, legal advice. Please direct any request for legal advice to your attorney.
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  #7  
Old 04-25-2017, 02:29 PM
brad walton brad walton is offline
 
Join Date: Jul 2007
Location: Cypress, TX
Posts: 461
Default

I assumed homeowners would cover up to the limit of your contents insurance. Don't have any personal knowledge that is true, just assumed that personal property such as tools and the Vans kits would be covered
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  #8  
Old 04-25-2017, 02:39 PM
LRingeisen LRingeisen is offline
 
Join Date: Mar 2016
Location: Chesterfield, MO
Posts: 23
Default

Quote:
Originally Posted by brad walton View Post
I assumed homeowners would cover up to the limit of your contents insurance. Don't have any personal knowledge that is true, just assumed that personal property such as tools and the Vans kits would be covered
You would need to check with your homeowners policy, but most (if not all) policies will exclude aircraft parts and tools. Builders policies are not very expensive. You can get $40,000 for $250 (minimum premium). Feel free to contact me if you would like me to work up some quotes for you.
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Leah Ringeisen (Leah_Ringeisen@ajg.com)
Shanna Linton (Shanna_Linton@ajg.com)
Jennifer Cummins (Jennifer_Cummins@ajg.com)

Gallagher Aviation
Arthur J. Gallagher Risk Management Services, Inc.
(Formerly NationAir Aviation Insurance)
www.ajg.com/lightaircraft / www.ajg.com
Opinions and advice provided by Arthur J. Gallagher & Co. is not intended to be, and should not be construed to be, legal advice. Please direct any request for legal advice to your attorney.
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  #9  
Old 04-25-2017, 02:42 PM
Kyle Boatright Kyle Boatright is offline
 
Join Date: Aug 2005
Location: Atlanta, GA
Posts: 2,809
Default

Quote:
Originally Posted by brad walton View Post
I assumed homeowners would cover up to the limit of your contents insurance. Don't have any personal knowledge that is true, just assumed that personal property such as tools and the Vans kits would be covered
Look at the exclusions on your homeowner's policy. Among other things, mine explicitly excepts aircraft parts and anything more than a small quantity of tools, firearms, jewelry, etc.
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2001 RV-6 N46KB
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  #10  
Old 04-25-2017, 02:56 PM
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bret bret is offline
 
Join Date: Feb 2010
Location: Gardnerville Nv.
Posts: 2,548
Default

State Farm would not cover ANY vehicles under the homeowners policy, to include aircraft stuff.
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