@1980Mooney, you have valid points. In all my research I've read a lot of prebuy stories. Airplanes being flown to preferred shops to do a prebuy or people have their mechanics go to the airplane, but I don't remember reading any that said, " the airplanes wasn't insured so........". It took me by surprise. I'm sure someone on here has experienced this before, so I was curious if anyone could share their knowledge.
@skykrawler, I do know the current owner and last flew in the airplane a couple years ago. Back then it was a solid airplane, and the log books and AD compliance currently appear to be in good order. I've been talking to the owner about it for months, and my guess is once he ferried it to the broker's airport, the insurance came due for renewal and he didn't renew it.