Originally Posted by
dckozak
You know I had a feeling this would go this direction.
One wife, 12 year old Seinna and 7 year old Jetta TDI. I got in this gig the same way many have on this forum, living hand to mouth.
Yes, I have wasted more than $250 on too many things, but I
always kick myself over waste. I figure to rent a PA-28 maybe 5 to 10 hours over the next year. Do the math, thats an additional $25 an hour, for what? My car insurance, (admittedly) costs more, but at least I will have felt I'v put something at risk.
I'd rather give it to a charity that supports children of working CFI's, than to AIG, just my opinion.
It your dice - roll 'em and see whats comes up. It may not be your fault, but an injured party will come after you and your assets. 10K won't come close to the hull, and god forbid there are any injuries, or property damage. IF the FBO has insurance, first thing they will do is subrogate.
I pay 4 times your amount quoted for 50 hours/year. But I do have 1mil per occurrence, 100K per pax and 100K hull. I've worked too hard to get where I'm at financially and I don't want to lose it to a suit and/or lawyer fees, be it my fault or not.