Guys, the reason you should have at least liability insurance, even while
you're just building the plane (or storing it) in the hangar, is that if
you cause a fire/explosion that burns up the other adjacent hangars and
planes, you could be held liable, especially if you were negligent in any
way. Unless you have an extra million dollars laying around, I'd recommend
you buy some-it's cheap insurance ($250-400/yr), plus you can usually buy
hull coverage while in the hangar, in case the guy next to you burns your
plane up (and he hasn't got any liability coverage). I kinda like the idea
of requiring everybody to carry liability coverage, so that I know I'm
protected from my neighbors screw ups, plus my own.

Chuck Harbert

 
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