February 5, 2021 at 8:21 am
Greetings one and all.
It is early days yet and just trying to get everything set up before I embark on the challenge, but how do you, or do you, insure a cockpit section and who with? And what would be a reasonable amount to pay?
The one I have in line is a wooden homebuilt civilian type – nothing startling or noteworthy, so no need to get overly excited I am afraid, and besides I want to keep it quiet for the moment just in case things don’t pan out, but I assure you I am 100% genuine with the question.
It will be mounted on a trailer and is to be stored in a dry building.
MTIA
G
By: Arm Waver - 7th April 2021 at 22:12
Well I have yet to sort out the insurance side of it, but I have my cockpit!
I have manage to save the cockpit of Adam RA.14 Loisirs F-PFUG.
Already made a start on restoration, but having to fit it around work, which is easier said than done when stored at work, but I won’t do stuff whilst “on the clock”.
Long way to go but I have no timescale as such.
Now to source some appropriate French instruments in due course.
By: MFowler - 3rd March 2021 at 16:48
I don’t know how it works in the UK, but in the US many companies will sell you an “umbrella” policy which is basically excess liability coverage, at $1 million, for a fairly small premium. The coverage limits are generally very broad.
By: Arm Waver - 5th February 2021 at 15:48
Thanks again chaps.
Maybe able to get it covered on work’s insurance in that case for the PLI.
Think I will struggle to put a value on it as I have no idea what it would be worth. In some way scarce but then saving from being burnt implies worthless…
As I heard said once “Insurance the […] man’s burden”
G
By: TerryP - 5th February 2021 at 14:29
Your ‘car’ insurance may cover third party claims for your trailer whilst you are towing it, unless someone knows differently. Valuation can be contentious. Public liability insurance can be difficult and expensive, I got cover by being a member of an insured society/group/club and placing the cockpit on formal loan to them for the period of the events that I attended. So join a group that has a policy if you can.
By: TwinOtter23.Mk.19 - 5th February 2021 at 13:56
I’ve been involved in organising vintage aircraft and cockpit cover, but only as part of a large collection policy – but individual items do require their own valuations. Currently, the policy is with Aviva and organised via a Yorkshire based broker called Howdens.
By: Arm Waver - 5th February 2021 at 10:03
Thanks chaps.
Luckily I will be able to store it at work (at no cost) so that is one thing I suppose.
I will look into the car insurance side and public liability (I think that may be the tougher one).
The value of the cockpit is going to be the stumbling block really. At the moment it looks like the only outlay will be a few instruments, cushions/seat pads, the trailer and some wood and perspex to repair the damaged bits. (Apart from paint and a couple of other sundry type things.)
This is a whole new thing to me, this cockpit “lark” and just hope I can do it justice.
Thanks again
Gary
By: TEXANTOMCAT2 - 5th February 2021 at 09:50
If kept at home you should just be able to add it to your household insurance. If you’re transporting it on the road you may need to have cover under your motor policy. If you are displaying it at shows you will need public liability insurance. As a member of the military vehicle trust you get this cover as part of membership, else you’ll need a separate policy.
By: Aerotony - 5th February 2021 at 09:40
Like with all insurance, the premium will depend, amongst other things, on what risks you are insuring against and the value of the item.