Originally Posted by
XX621
Very interesting, if a little worrying, thread here.
In a group synidcate situation, who is deemed the "owner" ....
Would other owners be exposed to any claims if the insurer was able to avoid paying out?
Each of you are the owner and are jointly and severally liable (i.e. a claim in will be made against all of you).
FL being able to quote two examples where there were relatively minor issues, not related to the accidents at hand, and insurance declined to pay is of some concern. It is inconsistent with a general 'view' that insurance companies are 'reasonable' in the application of the conditions precedent. I at the moment have no idea if this 'view' is wishful thinking or general practice.
However, it seems worth being extra dilligent to make sure there is no intrinsic illegality at takeoff (all docs are valid and correct and W&B is in limit) as these are easy to get right and easy to detect if you have failed to get it right. Of course we should all be doing this anyhow.