vicw(at)vcn.com
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 Posted: Fri Mar 03, 2006 7:23 pm Post subject: Kolb-List Digest: 38 Msgs - 03/02/06 |
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If you hurt or kill someone playing baseball, football, riding your bike and
you have Home Owners insurance then you have insurance. If you will read
you homeowners policy you will see that aircraft are not covered.
You might not have any assets but take the case of a friend of mind that hit
a power line with his ultralight without insurance and the court awarded
$150,000 for damages. He also has a large attorney expense which he had
to pay. The attorney wouldn't take the case without money up front so he
had to hock his house. Insurance would have paid the defense cost and paid
the judgment if he lost. Since he lost and didn't have insure he has had
his wages garnished for the rest of his life to pay the judgment. Since he
lived he has to deal with it. If he had died his wife and children would
have had to deal with it.
Also remember, you don't have to be at fault to be sued.
You do whatever you think is best for you.
I think insurance is the cheap solution.
Vic
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