Hacking short term non-owner renter insurance
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Join Date: Apr 2019
Location: NYC
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Hacking short term non-owner renter insurance
Hello folks
There's a particular place where I wish to rent a light single, 2-4 time a year, where there's no proper insurance that covers the renter (e.g. there's no subrogation waiver in the owner's insurance policy).
From a purely financial perspective, it makes sense for me to buy each time a policy by e.g. Avemco, and then cancel it after the few days of rental for a 90% refund, rather than holding on to the policy for the whole year.
However, would an insurance company likely ban me if I keep buying and canceling an annual policy, up to 4 times per year? Alternatively, what would you recommend for cost-efficient short term insurance for such 2-4 multi-day rentals per year?
Thanks!
There's a particular place where I wish to rent a light single, 2-4 time a year, where there's no proper insurance that covers the renter (e.g. there's no subrogation waiver in the owner's insurance policy).
From a purely financial perspective, it makes sense for me to buy each time a policy by e.g. Avemco, and then cancel it after the few days of rental for a 90% refund, rather than holding on to the policy for the whole year.
However, would an insurance company likely ban me if I keep buying and canceling an annual policy, up to 4 times per year? Alternatively, what would you recommend for cost-efficient short term insurance for such 2-4 multi-day rentals per year?
Thanks!
Join Date: Jun 2014
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https://www.ap-aerospace.com
call AOPA and speak to an insurance broker. Their job is to find the best insurance for your situation.
call AOPA and speak to an insurance broker. Their job is to find the best insurance for your situation.
