Originally Posted by
Clare Prop
Normally the insurance company will pay out the owner less the excess, then use their considerable resources to go after the person who did the damage.
So that would be the insurance company who issued the insurance policy you paid for, right?
And that insurance company will use their "considerable resources" to find out that the pilot who turned the aircraft into a smoking ball of metal at Upper Kumbucta West is worth only $1, right?
At which point you'll work out that all that fine print in the hire agreement between you and the private hirer is practically pointless, right?
(Grown up advice: If you own something valuable, get it insured properly and assume that the people who could damage or destroy that property have zero assets.)