AARP Aircraft Insurance

[takair]

8 hours ago, DonMuncy said:

Yes, but I am self insured. 

Don. Is there a formal way to be self insured?  In other words, some airports require proof of insurance, can this be provided when one is self insured?  I’m curious because I have an experimental plane I’m restoring that may be difficult to insure at first. I am hopeful I will be able to get liability at a minimum, but not sure yet. 

[DonMuncy]

2 hours ago, takair said:

Don. Is there a formal way to be self insured?  In other words, some airports require proof of insurance, can this be provided when one is self insured?  I’m curious because I have an experimental plane I’m restoring that may be difficult to insure at first. I am hopeful I will be able to get liability at a minimum, but not sure yet. 

Not that I know of. My hangar (claims to) require insurance, but they never have asked to see a policy.

[Parker_Woodruff]

16 hours ago, aviatoreb said:

And what happens after 80?

Hopefully you were with the right insurer beforehand or we can maybe get liability only. Liability only isn’t usually a problem with 4 seat fixed gear aircraft (performance of a C182 or less)

[Parker_Woodruff]

8 hours ago, takair said:

Don. Is there a formal way to be self insured?  In other words, some airports require proof of insurance, can this be provided when one is self insured?  I’m curious because I have an experimental plane I’m restoring that may be difficult to insure at first. I am hopeful I will be able to get liability at a minimum, but not sure yet. 

In Texas, you can post a deposit (cash or CD) of $55,000 with the State Comptroller for auto insurance. That covers state minimums. There’s not really any defense that comes with that like having an insurance policy.