turboplanner

1 hour ago, kgwilson said:

Would you have a list of conditions on this policy?

I would there there will be a list of conditions for the $20 m. and it's not clear whether the passenger liability is the limit the policy will pay out on (i.e. you may need more insurance for the passenger for a serious even) or whether the passenger gets coverage of up to $250,000 for his/her negligence and the same for the other two categories (motor vehicles and Tenants)

1 hour ago, facthunter said:

The Insurance Company HAS to make a profit to ensure it stays solvent and able to pay claims.. Risky situations are more expensive..

Insurance Companies themselves normally don't have financial problems.

Warren Buffet is arguably the world's best investor.

When he bought Berkshire Hathaway it was a successful cotton supplier for garments in the US with several cotton mills scattered around the country.

Then China began selling T Shirts to the world and Berkshire Hathaway was almost belly up.

He needed income fast, so he bought, through Berkshire Hathaway, well known US Insurance Company Geico.

He had observed that:

• Insurers laid off their risk like bookies, so the lay offs paid part of the claims.
• Insurers got their income immediately, but didn't have to pay out until a claim was made (in some cases there were no claims in 40 years, so incoming money was invested, compounding the premium paid, and this rolled on with next year's premium etc.

So for what appeared to be a small premium, big payouts could be made, while still making a copetitive profit each year.

Berkshire Hathaway shares today are worth $684,908.00 USD

13 minutes ago, Captain said:

.... is why, in the true Scott's tradition, Cappy does all his flying without wearing undies.

 

He doesn't have a kilt, mind you, but he does wear tightish stubbies, to accompany his dark blue truckie's singlets, so occasionally a couple of things slip out of the stubbies and into the breeze, where ....

 

Cappy is also well known for walking 500 miles, and then 500 more.

..... they are likely to come in contact with the new Chinese GripU seat covers $24.00/pair less coupon and based on the structure of the Goondiwindi burr. The squeals ........

I’d agree with Skippy that the lighting on recreational aircraft could best be described as “lite” and even the strobes disappear against some types of cloud, however GA standard where you need to have the red strobe turned off  while taxying, and powerful “landing” lights you can turn on for the circle can give you much greater safety in congested areas and circuits where half the traffic doesn’t know which height they are supposed to be at and where they should be. The additional benefit is you can point straight at an oncoming aircraft (when safe/far enough away and flash your landing lights. Over the years I’ve managed to get two coming in Head On, contrary to circuit direction to peel off and  rejoin the rest of us in the circuit. The discussions on this site over the last couple of years indicate a lot of people aren’t seeing other traffic

(Sorry, should have qualified the GA strobes as starting on Piper about the year the Warrior was introduced. Before that most were RA standard.)

I’d agree with Skippy that the lighting on recreational aircraft could best be described as “lite” and even the strobes disappear against some types of cloud, however GA standard where you need to have the red strobe turned off  while taxying, and powerful “landing” lights you can turn on for the circle can give you much greater safety in congested areas and circuits where half the traffic doesn’t know which height they are supposed to be at and where they should be. The additional benefit is you can point straight at an oncoming aircraft (when safe/far enough away and flash your landing lights. Over the years I’ve managed to get two coming in Head On, contrary to circuit direction to peel off and  rejoin the rest of us in the circuit.

red away like true Scots. Cappy was surprised to find how easy it was to haver and suspected that either Captain Cook had Scottish ancestors or a Scot had got into the Cottage.

This opened up a whole new question about the Great Navigator's past and ........

....afternoon tea.

There were 82 WAlians standing on hills that day all trying to get a signal, and all got Jacinta's message to bring two dozen scones.  The redeye to Melbourne was overweight on takeoff the next morning, and it stank of scones and under arm deodorant, but they were all .......

...Jazzy tended to extract money from a lot of people by pretending to be besties with them, and giving herself special names. These were really just codes, so when Cappy phoned up and said Hi Jazzy, she would know that was Cappy and know to flick him out the door when he started to waffle. To OT she was Petronella; she knew the ruidiculous name would trigger extra care to shorten the meeting at a minute's notice because some of them hadn't seen a woman for months out in that gold mining country and were inclined to .......

.........debit card.

"Yes, even that" replied Jazzy and Turbo bought her a Schnauzer.

(We won't tell Cappy that she has pet names in ascending order and for Turbo calls herself Jac.

Cappy became wary and ..........

........I get a reverse drive.

OT fitted it the next day and as soon as they started the engine there was a loud BANG!

"Where was the reverse drive made?" asked Turbo.

"china" replied OT and Turbo h............

5 hours ago, Thruster88 said:

So the risk of losing all one's money and or the risk of death in the same event, which is worse? anyway either one should focus the mind to avoid the top 4 or 5  ways for us recreational VFR pilots regardless of the class of aircraft we fly to avoid such events.

 

The fear mongering posts above by turbo have caused me to break out the calculator. I insure both my VH aircraft comprehensively. If we guessed half the premium covered liability and guessing there might be 10,000 insured light VH GA aircraft in Australia and that insurance companies like to make some profit, that would leave a pay out pool of only 5ish million. 5 million for 10,000 aircraft, the risk must be F all. What say you mr turbo.

 

The very small amount each RAAus pilot pays for insurance?  Why is that?

 

I wasn’t talking about Comprehensive insurance  so if you want to know how they do business that’s up to you.

I wasn’t fear mongering. Someone asked for advice on Public Liability Insurance which is volatile and the cases that set the payouts need to be checked regularly.

............play Elvis Presley songs all day?

OT was apologising profusely when Turbo butted in "Where was it made?"

"china" replied OT and .................

.......a few mil. to teach these guests to fly and give them a Drifter or Jabiru on graduation; that's a lot less that running the Games for a few people.

Jac laughed, yes, you're right there, and Turbo had to set up a flying school with return to base aircraft.

He went to his good friend OT and asked: "...........

.......she had been going ape a lot in recent weeks until the Liberal and National Parties got their heads together and gave her the next election.

She decided she could go ape just once more and phoned Turbo direct on his secret Heads of Government (HOG) phone.

"Turbo you XXXXXXX XXXX, you promised me you'd take control. "They're XXXXXXX WHITE - GET IT?"

"not very often" said Turbo misunderstanding the question, and Jac as she was known to friends went right off "You XXXXXXX XXXX, I'm talking about the XXXXXXX prisoners!" she said and Turbo ........

1 hour ago, facthunter said:

The Aggressive is just your interpretation.. Can't we discuss anything HERE without such allegations?  I've always Promoted the safety of turbines. I get heaped on any time I go off other than Little stuff.  We can't have it both ways. 

Let's have some fairness and consistency or it's not a pleasant place to come to.. I talk about AEROPLANES most of all . Isn't that our common bond?  Nev

Well it is RECREATIONALFLYING if that's what you're after. To be fair the top end of recreational can afford turbines and come down another step and there's a group that can afford bitzers that do over 150 kts but are not up to the GA cross country aircraft equipment level and so on.

5 minutes ago, facthunter said:

IF you want all these things, Go with the CASA. instead of "Hoping" for these things by the BACK door and getting on with what the Majority want and looking after the "Simpler and cheaper" people too.. Was the AUF RAAus  just taken over "Hijacked" for a "Foot in the Door". to "The NEW GA?) 

Someone said there was no point in having a dog and barking yourself.

1 hour ago, Captain said:

... use that money to buy some ochre and some gum leaves for use in a the WTC at the Moorabbin Children's Detention Centre, which is full of ....

....14 yo race car drivers who’d breached bail 21 times.

Their usual drive was an upmarket Audi, and dress code included. Machete, so they were severely limited with the plastic knives and forks in the MCD, but they were learning words like “bro” and......

....in a position to claim $750.00 for a dibble before talking to Child Welfare, and .....

........other branch of the family at Logan were given a Club discount at Logan Fish and Chips.

The Bogans were welcome members of the AUF because they scorned authority, and made CASA FoIs pay the $750 fee for a welcome ceremony every time the boys showed up for ramp checks. 

There was some jealousy from the general group because no one had been smart enough to come up with a similar ceremony.

This came up for discussion at one of the ad hoc AUF secret meetings, and they members decided to develop their own Welcome to Country with a similar fee, because the Bogans always had better Drifters and Smik Thrusters with the latest updates They decided to .........

13 minutes ago, BrendAn said:

Seems to be a lot of advice being given here. Is the poster a qualified legal professional. Danny is covered by his raa pl. The brokers they use are well respected and I honestly think they would not short change the policy. For an individual to be advising otherwise may be misleading and causing people to second guess a policy developed by experts for raas.

No one has said he wasn't covered; no one has questioned the policy.

28 minutes ago, BurnieM said:

Not meaning to be grim but if you have no shared assets and you are unlikely to outlive an event that causes significant other damage, do you need any public liability insurance at all ?

 

Since you've attracted attention; shared assets can be sorted out proportionately, "No Assets" will be investigated, and where there has been evasion, you're for a higher place, and Assets might be needed if you are silly enough not to have PL Insurance. For the second half of the equation, you've picked a vanishingly small percentage of the population. Usually it might be that you just fitted a prop incorrectly and it flies off and injures or kills someone etc. Or you serviced an aircraft and sold it and two people died because it had not been serviced in accordance with the engine manufacturer's requirements. I posted an ongoing case a few days ago about a jumping castle accident where the castle had 8 tie down points and the operator opted to use only four. You'll be able to see what happens as the case unfolds.

.......bottom to the lake. You swam or you sank forever, so better to make a successful ditch black or not.

Not many people know that Lake Boga is the home of the original Bogans.

They.......

........was going to happen when all the airmen came in to practice BSFL.

Arthur eventually taught them how to keep their feet out of the cooking pots and set a course for ......

fly again. It was no good, he had no idea whether he was rightside up or facing the ground. Clearly he hadn't read Turbo's epic book "Inside the Pyramid".

Suddenly the calm voice of Mavis rang out "Right aileron; more...more..hold it" and nose up; more, more - we're now in a shallow climb."

Bull was stunned; the engine note was now normal and the noise of branches hitting the windscreen had died away.

"How did you do that?" he asked.

 "Found a piece of string and tied my wedding ring to it"

"But it's pitch black in here how did you work out where the ring was dangling?"

Mavis wouldn't tell him, she was an old WAAF member and they had been trained by old Flight Sergeant Arthur Turbine who used to turn the ligts out in the Mess and .......

.....would work. Mavis would hold her torch on the GPS and bull would  judge the distance from the ground but the amount of foliage being chopped up by the prop.

There was a ......