Rental insurance?

[killbilly]

Going somewhere else isn't an option. I've looked into a couple of places not local to me and they are already booked months in advance. Earliest date I heard was roughly three months out. I've already wasted my time waiting for one local company to get their aircraft operational.

Okay, so, time is the main factor here, right?

Secondly I am not an employee of the company I just got some help paying for the rating. No where did they say I was hired or guaranteed the job. The company doesn't even have the job yet. Its a contract they are bidding on and I just happen to be the best candidate for a number of reasons.

Okay. In post #21 you said:

New job requires MEI. They can't train me in house but company really wants me so I got most of the training paid for so I could start flying quickly.

So you're not an employee yet, and this is a condition of the employment?

Third, they paid the money directly to the school so I couldn't move the money even if I wanted to.

So they've said, "we've paid, and this is where you are going to train?"

On that basis, why aren't they coughing up the required insurance money? I'm not arguing the costs - they are what they are, and you're a smart guy, I just don't see why this has to be your problem, given all the other factors you've listed here.

A number of folks have suggested options to reduce this insurance issue that you've rejected for a number of reasons. So, if those reasons are what they are and you're unable to change them, it is my considered opinion that you should not have to shoulder this cost whatever it is. It could be $5,000 for the insurance - if the people you want to work for want you to do this, then they should pay for it. Right? What am I not understanding?

Mainly my concern arises out of how this is presented at the FBO. There are a number of "Trophys" hanging on the wall showing damage to the airplane and the cost associated with it. One in particular is a prop with a small chunk out of it with the number $41,000 on it.

I think your alarm bells and instincts on this are well-founded given everything else you've learned. But since you've told us that you're sorta stuck with this particular operation, I still think you shouldn't have to pay and the employer should.

EDIT: You wrote your last part while I was writing this, so I'm not sure what, if any value is contained here, but I wish you luck. You're a good dude from what I can tell, and I hope these guys don't screw you in any way. Fly safe, man.

 

[gotWXdagain]

Just applied for a quote for non-owned in a Seminole, using $150G hull value.

For 2.5Gs per year they can happily pound sand.

And this was through AOPA's reference.

 

[av8tr1]

Hey man, thanks for the comments.

Okay, so, time is the main factor here, right?
So you're not an employee yet, and this is a condition of the employment?

To clarify the company flies multi engine aircraft. So having a multi rating is a minimum requirement to apply for the job. So yes its a condition of employment but no more so than you need to have a pilots license to get a pilot job.

A number of folks have suggested options to reduce this insurance issue that you've rejected for a number of reasons. So, if those reasons are what they are and you're unable to change them, it is my considered opinion that you should not have to shoulder this cost whatever it is. It could be $5,000 for the insurance - if the people you want to work for want you to do this, then they should pay for it. Right? What am I not understanding?

I am exploring all of the options except the suggestions to go elsewhere to train (which I already looked into) and the "do this without insurance". I have talked with other training providers and they are not available in the time frame I need. That's my fault as I should have scheduled time with them 4 months ago instead of waiting on an acquaintance to get their plane fixed.

It isn't that I don't want to reduce the insurance its that it isn't an option. Although the suggestion to just get an amount to cover most damages may be what I go with. But there doesn't seem to be any option besides me shouldering it. The potential employer isn't responsible and isn't going to do it, the aircraft owner isn't going to cover it as a cost of doing business so it falls on my shoulders. This is a normal practice in the industry. I've got two places that want me to provide my own insurance that I rent from just within 1/2 an hour of my home. Before anyone says it they are all single engine aircraft not twins.

I was hoping for some out of the box solutions that I hadn't thought of. But the bottom line is, without getting into specifics, I am the type of person a company would spend the money to recover their costs where they might avoid going to court with the average student pilot. This is my 2nd, technically 3rd career if you count the military. There is enough of a question about maintenance, but no more than anywhere else that I want to be covered.

This is a very good lesson for other pilots though as they move up the chain of PIC. Eventually you will no longer be driving a piece of crap car and living on ramen noddles, have paid off your student loans and have something in a savings account, maybe own a house or two and want to have some protection from financial ruin.

 

[av8tr1]

Just applied for a quote for non-owned in a Seminole, using $150G hull value.

For 2.5Gs per year they can happily pound sand.

And this was through AOPA's reference.

Right? For better or worse insurance companies OWN the aviation industry.

 

[Old Pete]

Good grief. NO, lots of schools self insure. You just may not have either known that or have been lucky enough to avoid schools like that. But its very common in the industry.

I have never rented from or worked for a school that "self insured". And there is a big difference from being "self insured" and "going naked". I doubt that many flight schools have the financial strength to properly self insure.

 

[av8tr1]

I have never rented from or worked for a school that "self insured". And there is a big difference from being "self insured" and "going naked". I doubt that many flight schools have the financial strength to properly self insure.

I don't think ANY of them have the financial strength to self insure. That doesn't stop them from not having insurance and calling it "Self Insured".