Originally Posted by
Std Deviation
Thread drift I know but the growing trend is to not fully insure for hull on older airframes and provide the student with the bill when there's an incident. I've seen deductibles in the $8000-10,000 range lately. Did they mention that on your rental agreement?
They better be careful who they rent to... a lot of kids couldn't pay that, leaving the owner holding the bag.
If I was an owner I'd charge high enough rental fees to afford insurance that would protect my assets.
Another huge gotcha in airplane rental is subrogation...that's where the owner has insurance that protects him financially, but has a clause allowing the insurance company to then go after the negligent party who caused the damage...ie the renter!
Read the fine print, don't rent unless you the renter are personally covered and with a reasonable (to you) deductible. Or you have your own renter's insurance, which would be smart for someone with assets (more liability coverage).