Hello all ,
I have purchased all of the expensive equipment needed to complete my RV8 project. All of them sit inside my garage waiting to be installed in the airplane. My house is insured through AAA but a quick call confirms that AAA home insurance will not cover the airplane while it is being constructed inside by house. If anything happens to the house, the +$90K airplane, engine, and avionics are not covered.
I am looking to get a builder's insurance for the duration of about 12 months until the plane is moved to the airport for final assembly. There are a couple of questions I would like to ask:
1. What is the premium/year I expect to pay for the builder's insurance?
2. What underwriter or insurance company you do recommend?
Thanks,
Phat
I have purchased all of the expensive equipment needed to complete my RV8 project. All of them sit inside my garage waiting to be installed in the airplane. My house is insured through AAA but a quick call confirms that AAA home insurance will not cover the airplane while it is being constructed inside by house. If anything happens to the house, the +$90K airplane, engine, and avionics are not covered.
I am looking to get a builder's insurance for the duration of about 12 months until the plane is moved to the airport for final assembly. There are a couple of questions I would like to ask:
1. What is the premium/year I expect to pay for the builder's insurance?
2. What underwriter or insurance company you do recommend?
Thanks,
Phat
Last edited: