Originally Posted by
Sunfish
43 Inches - yes - some level of insurance, but f&*()ing war risk insurance? Beirut or Kiev yes, but Gold Coast??? I know State of Origin can get heated, but really!
Yeah war risk insurance at an Australian domestic airport would be a bit of a laugh. But liability is pretty standard on all vehicle insurance contracts most car insurance and home insurance carries liability, if you think $35 mil for a moving object is steep, then why are you paying for $20mil for your static address home. Reason, if a surgeon type on their morning jog happens to trip over your poorly placed letter box and now is disabled and can't complete his 35 years as a Surgeon they might be seeking damages, just the world we live in.
Vehicles are about 1km from any rpt aircraft so would need to be a heck of a fuel leak. Fuel leak anywhere that ignites seems pretty unlikely. Also of course that signing the authority to use airside absolves GCA of any liability. Most insurance is $10m but gca requires $20m plus a clause that says on airport use not excluded. Don't worry...next year they will manage to find more embuggarances. Otherwise what's the point of all the shiny bummed safety people they have. But safety when actually flying at the airport? It's a ctaf mate...arrange it yourself.
Vehicle is anything that is mechanised and used to transport people or goods including planes, I could use the word conveyance or other more convoluted term if you wish, but I was alluding to any form of transport using the airport, including planes and helicopters, or boat or ship if these floods get worse.
I used the fuel leak analogy as a what if, you could include run-away hand swung prop that bread slices a Gulfstream or just pure landing bounce that ends up in the side of one of those parked jets waiting to take-off injuring the star center for the (insert football team here), or just a passenger happens to walk the wrong way into your taxiing Cessna and loses an arm when you had made a slight err of judgement on which taxiway to follow. None of these things have to happen at all regularly, they just have to be on the Radar of possible occurrences. Most of us are covered by our regular insurance for these things on a daily basis, obviously with the majority of us not knowing it. Airports just have higher risk factors so some might be more inclined to ask for higher coverage so that they are not left as part owners of liability debts.
By the way, read your insurance PDS, cheap insurance are worded very differently to the more expensive brands, esp around things like liability, flooding and fire esp if the result of simple pests like mice and insects.
A good example is rodent damage, expensive insurer "We don't cover damage by pest and rodents except if it is a fire caused by rodent activity" meaning they cover a house burning down due to mice chewing wires. Cheap insurer "we don't cover any damage caused by pests and rodents" meaning if the house burns down due to chewed wires, well you are on your own....
The end result of prior accidents involving pilots with innapropriate levels of insurance, well they get chased out of the country basically as civil cases mount vs them. Its the only option vs owing stupid amounts of money for the rest of your life.