StinkBug
Cleared for Takeoff
In preparation for the purchase of my new (to me) aircraft I have been investigating where to keep it. I got a copy of the tie down rental agreement from the FBO at my local field and they are asking for a $5mil liability insurance policy with them named as also insured. Every insurance quote I have gotten so far has had a $1mil limit, and to me $5mil seems REALLY high to insure a parking space. Is this normal, or is this FBO a bit on the crazy side? They are the biggest one on the field, with by far the most planes in their tie down area, but I cant imagine they all have that much coverage since most are older 172's and 150's. What kinda stipulations do you guys have in your contracts?