|
The Bad Oil and Insurance guys
Could someone please tell me why fuel prices are higher in Europe than here in the US?
As for self insuring your plane, if your have the means, it will save you dollars. Please remember, the large hit is not from the hull loss, but from the Liability suit that will come from the loss.
Be prepared, if you survive, to be on the legal end of suit. This suit and the costs will make the insurance premiums look small.
Since I am in the Insurance business, and have been for 34 years, I think I can say that the carriers do make a profit, but their buildings are much smaller than most that I see in Las Vegas.
Skymasterick
|