hotrod180 wrote:I know the owner of that Bushmaster (stretched Pacer),
which was innocently parked on the ramp a long long way away from the runway.
He has owned it since 1985 & has invested a lot of love (aka time & money) extensively modifying it.
I haven't talked to him yet but it looks to be totalled.
I'd say it WAS a really bad day for him.

Scolopax wrote:

hotrod180 wrote:I know the owner of that Bushmaster (stretched Pacer),
which was innocently parked on the ramp a long long way away from the runway.
He has owned it since 1985 & has invested a lot of love (aka time & money) extensively modifying it.
I haven't talked to him yet but it looks to be totalled.
I'd say it WAS a really bad day for him.

That's terrible for the Bushmaster owner. I hope that it was well insured, but as for many of us, it may be difficult to replace our current steeds with recent hull value insurance payouts the way they are combined with this inflated airplane market.

Zzz wrote:

Scolopax wrote:

hotrod180 wrote:I know the owner of that Bushmaster (stretched Pacer),
which was innocently parked on the ramp a long long way away from the runway.
He has owned it since 1985 & has invested a lot of love (aka time & money) extensively modifying it.
I haven't talked to him yet but it looks to be totalled.
I'd say it WAS a really bad day for him.

That's terrible for the Bushmaster owner. I hope that it was well insured, but as for many of us, it may be difficult to replace our current steeds with recent hull value insurance payouts the way they are combined with this inflated airplane market.

How does liability payout work in a case like this? Do they price equivalent Bushmasters (good luck) for comparison?

Scolopax wrote:

Zzz wrote:
How does liability payout work in a case like this? Do they price equivalent Bushmasters (good luck) for comparison?

I'm not certain, but typically you declare an insured hull value and your premium reflects that value. A couple of years ago, when I raised the hull value on my 180, the broker required that I substantiate the claimed value of 175k, which wasn't difficult. It wouldn't be easy to replace my plane for that amount. I'm really hoping that the Bushmaster owner doesn't lose it in this deal.

Zzz wrote:

Scolopax wrote:

Zzz wrote:
How does liability payout work in a case like this? Do they price equivalent Bushmasters (good luck) for comparison?

I'm not certain, but typically you declare an insured hull value and your premium reflects that value. A couple of years ago, when I raised the hull value on my 180, the broker required that I substantiate the claimed value of 175k, which wasn't difficult. It wouldn't be easy to replace my plane for that amount. I'm really hoping that the Bushmaster owner doesn't lose it in this deal.

Bushmaster guy was parked and innocent if I read correctly, so the scenario where he would need to be concerned about his purchased hull value would be if Stinson guy was uninsured...right? Otherwise Stinson dude's liability insurance pays out the value of that Bushmaster.

That liability payout situation is one I haven't read much about. Seems like there's some valuation to be done.

Scolopax wrote:
Yeah, the market value for a nice Bushmaster, which it looks like it was, is probably pushing 200k. Stinson guy’s insurance will need to substantiate that payout on, what is essentially a pimped out Pacer. Pacers are probably valued at 45-50k on the high end. Hopefully Bushmaster guy comes out okay is all I’m really getting at. It’s an interesting situation. This is a strong case for the “known quantity” types of aircraft.

hotrod180 wrote:

The innocent airplane looks to be damaged way worse than the accident airplane.
What a damn bummer.

Halestorm wrote:Stephen, who owns the Bushmaster clone and who used to post here quite regularly...