I'm not sure what you mean by "rediculous" but at N87's FBO/Flight School you have to have a $10,000 policy to cover up to their deductible. This cost about the same as an hour and a half in the Seminole per year. It didn't seem all that ridiculous to me. The same policy covers me any time I'm flying and aircraft that belongs to anyone else (part 91 of course), which I do often.
I think the policy is going to be there either way, in your name or theirs, if it's in their name, (the owners) the cost is going to be reflected in the price anyway.
Just my $0.02...
He is probably talking about 20 hour checkouts and such.
JA up in KARR has a few Seminoles with no insurance or checkout requirements beyond a one flight (or to competency) ride. Also no insurance required. (still probably a good idea though) Nice equipment at a pretty decent price
"No insurance required" is one of the great myths in aviation. It may not be required to rent the airplane, but if you bend metal you can bet someone will come after you. There are exceptions where the cost of the rental has insurance built in, but if this is the case for a MEL you can bet that there is a minimum hour requirement. If there is no minimum hour requirement for a MEL you had better have insurance or be ready to shell out $60K+ for a gear up landing.
"No insurance required" is one of the great myths in aviation. It may not be required to rent the airplane, but if you bend metal you can bet someone will come after you. There are exceptions where the cost of the rental has insurance built in, but if this is the case for a MEL you can bet that there is a minimum hour requirement. If there is no minimum hour requirement for a MEL you had better have insurance or be ready to shell out $60K+ for a gear up landing.
To further that, the insurance on rental aircraft is primarily there to protect the owner and/or FBO... NOT the renter. So even if renter's insurance is not "required" or specifically pointed out in the rental agreement, the renter should be aware that in most circumstances the fact is "if you break it you buy it".